November 29, 2023

The Queens County Citizen

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$531 million in economic losses linked to fraud in 2022

$531 million in economic losses linked to fraud in 2022

The Canadian Anti-Fraud Centre It noted an alarming increase in financial losses for Canadians linked to fraud.

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In fact, Canadians lost $138 million in 2019, compared to $531 million last year.

The paragovernmental body also claimed that some people had reported these scams where they were victims; This number is estimated to fluctuate between 5 and 10%.

Investigations revealed that the reason behind the lack of reports was that the victims had no hope of getting their money back.

Jeff Horncastle of the Canadian Anti-Fraud Center suggests it’s the work of organized crime.

“These are very well-orchestrated frauds. A lot of fraud comes from abroad,” but not only that.

He invites the population to learn about ways to protect themselves.

Jean-Benoit Turcotti, a spokesman at Desjardins, called for vigilance.

“You have to be vigilant, be wary of all unsolicited offers, be it a phone call, an email and all offers that sound too good to be true,” he says.

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