$65K lost to online trading scam: OPP
A Haldimand County resident lost $65,000 after falling for an online trading investment scam, according to Ontario Provincial Police (OPP).
The fraud was reported to police on Friday.
The OPP said the victim registered with what appeared to be a legitimate online trading website in July 2024 and, shortly after, was contacted by someone claiming to be a financial advisor who convinced them to increase their investments.
“Over time, further recommended investments were made to withdraw funds [and] a brokerage fee was demanded,” OPP said in a media release.
The victim eventually realized they had been scammed and contacted police.
“Frauds and scams are attempted daily through online platforms, phone calls, letters or faxes. Fraud is a multi-million-dollar enterprise that will only cease when the perpetrators stop profiting,” OPP said.
Police also shared the following tips to avoid falling victim to similar investment scams:
- Research and verify the legitimacy of investment opportunities and the entities offering them.
- Exercise caution when confronted with investments promising high returns with little risk. Overly optimistic claims may signal a potential scam.
- Avoid sharing sensitive information with unfamiliar parties.
To learn more about fraud and cybercrime prevention contact the Canadian Anti-Fraud Centre at 1-888-495-8501 or visit www.antifraudcentre-centreantifraude.ca.
If you have any information regarding this investigation, contact the Haldimand OPP at 1-888-310-1122.
CTVNews.ca Top Stories
Federal government to further limit number of international students
The federal government will be further limiting the number of international students permitted to enter Canada next year. It's the government's latest immigration-related measure to address Canadians' ongoing housing and affordability concerns.
Search for suspect in Kentucky highway shooting ends with discovery of body believed to be his
Authorities say they believe the body of a man suspected of shooting and wounding five people on a Kentucky interstate highway has been found.
Here's why you should get all your vaccines as soon as possible
With all these shots, some Canadians may have questions about the benefit of each vaccine, whether they should get every shot and how often to get them, and if it's safe to get them all at once or if they should space them out.
Bloc MPs will vote confidence in Liberal government next week: Blanchet
The Conservatives' first shot at toppling the Liberal government is likely doomed to fail, after Bloc Quebecois Leader Yves-François Blanchet told reporters his MPs will vote confidence in the government.
'I'm here for the Porsche': Video shows brazen car theft in Mississauga
Video of a brazen daylight auto theft which shows a suspect running over a victim in a stolen luxury SUV has been released by police west of Toronto.
Exploding electronic devices kill 20, wound 450 in second day of explosions in Lebanon
Lebanon's health ministry said Wednesday that at least 20 people were killed and 450 others wounded by exploding electronic devices in multiple regions of the country. The explosions came a day after an apparent Israeli attack targeting pagers used by Hezbollah killed at least 12 and wounded nearly 3,000.
Teen faces new charge in Sask. high school arson attack
A 14-year-old student who allegedly set her classmate on fire is facing a new charge.
First-of-its-kind facility hopes to launch Canada into rare earths market
A Saskatchewan organization is breaking ground as the first to commercially produce rare earth metals in North America.
Jeremy Dutcher makes Canadian music history
Jeremy Dutcher made Canadian music history Tuesday night by winning a second Polaris Music Prize for his second album, Motewolonuwok.