November 17, 2021
Business

More Burnaby residents falling for sweepstakes scams

The Better Business Bureau (BBB) sweepstakes and lottery scams are reaping in more money from victims – with the COVID-19 pandemic partially to blame for the increase.

That’s left some Burnaby residents out money in a scam that truly is too good to be true.

New BBB research is an update of the 2018 in-depth investigative study, Sweepstakes, Lottery and Prize Scams: A Better Business Bureau Study of How “Winners” Lose Millions Through an Evolving Fraud. Since the study’s publication, there has been a 16% decrease in complaints to the Canadian Anti-Fraud Centre (CAFC), with similar trends in these reports to the FBI’s Internet Crime Complaint Center (IC3). However, financial losses reported to the agencies rose dramatically in 2020 with the COVID-19 pandemic. Across Canada, BBB saw a 40% increase in these reports when compared to 2019, and 2021 reports are on…

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