Schemes Scams and Swindles
Featured Articles
The Crypto Scheme
Jade's story serves as a stark reminder of the dangers posed by fraudulent crypto schemes and the importance of checking whether the person or company you are dealing with is registered before selecting a financial advisor or platform.
The Recovery Scam
In investment recovery scams, fraudsters keep a list and contact previous investment scam victims by telephone, email, social media or use search engine optimization and claim to the victim that they can return the funds lost in a previous investment scam.
Elder Financial Exploitation
The unfortunate series of events began when Ying, an 85-year-old client, expressed her desire to gift money to Brian, her financial advisor. Brian took advantage of Ying’s vulnerability and generosity and prepared a document titled ‘Considerations for Will’ for Ying to take to a lawyer.
The Investment Account Intrusion
In the investment industry, this kind of scam is called an account intrusion - involving fraudsters and scammers gaining access to investment accounts. With the rise in online and do-it-yourself investing, CIRO has seen a recent uptick in this kind of scam.
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