March is Fraud Prevention Month, a national spotlight that seeks to help Canadians recognize, avoid and
report fraud. One of the growing and most insidious forms of fraud are investment scams, where
fraudsters prey on those looking for worthwhile opportunities or just the answer to challenging financial
circumstances. According to data from the Canadian Anti-Fraud Centre, the amount of money reported
lost to investment scams has multiplied nearly 20 times from 2019 to 2023.