June 13, 2021
Scam/Fraud

More fraudsters posing as major financial firms, warns CSA

The documents and brochures replicate the look of well-known banks, insurance companies, fund managers, and other types of investment and financial services organizations. They direct investors to visit decoy websites that are similar to the actual company’s site, and provide phone numbers to fake hotlines manned by fraudsters pretending to work for the real company. From there, investors are usually instructed to transfer funds to a specific account set up specifically for the scam.

To protect themselves from such firms, the CSA urged investors to follow best practices against fraud, such as…

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