Protect Yourself from

Investment Scams

Learn to recognize the warning signs and safeguard your financial future

 

Investment scams are costing Canadians millions of dollars every year, and criminals are using sophisticated technology—including artificial intelligence and deepfakes—to target even the most cautious investors.

 

Common Investment Scams to Watch For

 

Cryptocurrency Fraud: Fake crypto platforms appear legitimate with real-time price charts and testimonials. Victims deposit funds but cannot withdraw their money.

 

Ponzi Schemes: These use money from new investors to pay returns to earlier investors. They require constant recruitment and collapse when new money stops.

 

Affinity Fraud: Scammers target specific groups—religious communities, cultural groups, or neighborhoods—by presenting themselves as "one of us."

 

Major Red Flags

 

• Guaranteed returns with no risk

• Pressure to invest immediately

• Unsolicited offers via cold calls or social media

• Requests to transfer money overseas or to personal accounts

• Complex strategies that cannot be clearly explained

• Difficulty withdrawing your money

 

How to Protect Yourself

 

Before investing, verify that the advisor and firm are registered with the Alberta Securities Commission. Do your own research, ask questions, and never rush into decisions. Real opportunities will still be available after you have done your due diligence.

 

If you believe you have been targeted, report it to the Alberta Securities Commission at 403-355-3888, your local police, and the Canadian Anti-Fraud Centre.