2025-02-06 CANADIAN ANTI-FRAUD CENTRE BULLETIN
Fixed Income Investment Fraud
The Canadian Anti‐Fraud Centre is receiving reports from Canadian based insurance companies and financial institutions about brand spoofing fixed income investment fraud. Reporting suggests this is part of a broader scam using multiple well-known company names and targeting investors across Canada.
This fraud involves Canadians receiving fraudulent offers that appear to come from the actual companies offering higher than normal returns on fixed income investment products such as Guaranteed Investment Contracts (GIC) and saving bonds. Typically, these offers materialize after a consumer searches for an investment opportunity online and enters their information into an “investment finder” type ad. Consumer will then receive calls from the fraudulent operators claiming to be a legitimate company and offering a high return fixed income opportunity.
Don’t fall victim to online scams! Read the full bulletin HERE for valuable guidance on staying safe online.
