Cracking the money code trading pdf manual
Except as otherwise specifically noted, the information in this publication may be reproduced, in part or in whole and by any means, without charge or further permission from the Competition Bureau provided due diligence is exercised in ensuring the accuracy of the information reproduced; that the Competition Bureau is identified as the source institution; and that the reproduction is not represented as an official version of the cracking the money code trading pdf manual reproduced, nor as having been made in affiliation with, or with the endorsement of the Competition Bureau.
For permission to reproduce the information in this publication for commercial purposes, please contact the:. Consumer confidence in the marketplace is of the utmost importance for the government.
Cracking the money code trading pdf manual and aware consumers are important players in an innovation economy. This booklet outlines many of the most common types of scams, and lists the contact information of fraud-fighting agencies that cracking the money code trading pdf manual there to help. I believe in a Canada that is a nation of innovators, one that is aware and unburdened by the high cost of fraud in both the traditional and digital economies. Fraudsters are becoming more sophisticated in their methods, but so are consumers.
You can make a difference not only in your own life, but in the lives of the people you care about by recognizing, rejecting and reporting fraud. This booklet in its printed, online and video editions is an important step in that direction. Fraud is a crime that threatens every Canadian, regardless of their education, age or income.
The Competition Bureau works to protect all Canadians by cracking down on deceptive marketers and ensuring consumers have the information they need to make informed purchasing decisions. Our Little Black Book of Scams aims to increase your awareness of the many different kinds of fraud that target Canadians.
It provides tips on how to protect yourself and debunks common myths that might allow fraudsters to gain your trust. Since we first launched the booklet in Marchit has remained one of our most popular publications.
I am very grateful to the Australian Competition and Consumer Commission, who originally developed The Little Black Book of Scams and granted us permission to produce this edition for Canadians.
Scammers are imaginative cracking the money code trading pdf manual manipulative. They know how to push your buttons to produce the response they want. We hope this book will increase your awareness of the vast array of scams that target Canadians and share with you some easy steps you can take to protect yourself. Scammers target people of all backgrounds, ages and income levels. New varieties of these scams appear all the time.
The Competition Bureau has seen the devastating effects scams can have on people and their families. One of the best ways to combat this kind of fraud is to take measures to prevent yourself from being caught in the first place. If you want to stay on top of scams, inform yourself on how cracking the money code trading pdf manual recognize the various types of scams and protect your personal information by visiting law enforcement organizations' websites, the Cracking the money code trading pdf manual Anti-Fraud Centre or other reputable organizations.
Many Canadians are lured by the excitement of a surprise win and find themselves cracking the money code trading pdf manual huge amounts of money to claim fake prizes.
You cannot win money or a prize in a lottery unless you have entered it yourself, or someone else has entered it on your behalf. You cannot be chosen as a random winner if you don't have an entry. Many lottery scams try to trick you into providing your banking and personal details to claim your prize.
You should not have to pay any fee or tax to claim a legitimate prize. Don't be fooled by cracking the money code trading pdf manual that the offer is legal or has government approval—many scammers will tell you this. Instead of receiving a grand prize or fortune, you will lose every cent that you send to a scammer. And if you have provided other personal details, your identity could be misused too. A fake prize scam will tell you that you have won a prize or a contest.
There are often costs involved with claiming your prize, and even if you do receive a prize, it may not be what was promised to you. The scammers make their money by making you pay fees or taxes, call their premium rate phone numbers or send premium text messages to claim your prize.
These premium rate calls can be very expensive, and the scammers will try to keep you on the line for a long time or ask you to call a different premium rate number. Pyramid schemes promise a large financial return for a relatively small cost.
Pyramid schemes are illegal and very risky—and can cost you a lot of money. In a typical pyramid schemeunsuspecting investors are encouraged to pay large membership fees to participate in moneymaking ventures. The only way for you to ever recover any money is to convince other people to join and to part with their money as well. People are often persuaded to join by family members or friends. But there is no guarantee that you will recoup your initial investment.
Although pyramid schemes are often cleverly disguised, they make money by recruiting people rather than by selling a legitimate product or providing a service. Pyramid schemes inevitably collapse and you will lose your money. In Canada, it is a crime to promote a pyramid scheme or even to participate in one. Ponzi schemes are fraudulent investment operations that work in a similar way cracking the money code trading pdf manual pyramid schemes.
The schemer usually interacts with all the investors directly, often persuading most of the existing participants to reinvest their money, thereby minimizing the need to bring in new participants as a pyramid scheme will do. Be cautious, but do not be discouraged from carefully researching business opportunities based on commissions. Money transfer scams are on the rise. Be very careful when someone offers you money to help transfer their funds.
Once you send money to someone, it can be very difficult, if not impossible, to get it back. Although many of these sorts of scams originated in Nigeria, similar scams have been started all over the world particularly in other parts of West Africa and in Asia. These scams are increasingly referred to as " advance fee fraud ". In the classic Nigerian scam, you receive an email or letter from a scammer asking your help to transfer a large amount of money overseas.
You are then offered a share of the money if you agree to give them your bank account details to help with the transfer. They will then ask you to pay all kinds of taxes and fees before you can receive your "reward". You will never be sent any of the money, and will lose the fees you paid. Scammers can tell such genuine sounding stories that you could be tricked into providing personal documents and bank account details so that you can confirm their identity and claim your inheritance.
If you or your business is selling products or services online or through newspaper classifieds, you may be targeted by an overpayment scam. In response to your advertisement, you might receive a generous offer from a potential buyer and accept it. You receive payment by cheque or money order, but the amount you receive is more than the agreed price.
The buyer may tell you that the overpayment was cracking the money code trading pdf manual a mistake or they may invent an excuse, such as extra money to cover delivery charges. If you are asked to refund the excess amount by money transfer, be suspicious. The scammer is hoping that you will transfer the refund before you discover that their cheque or money order was counterfeit.
You will lose the transferred money as well as the item if you have already sent it. A lot of Internet scams take place without the victim even noticing. You can greatly reduce cracking the money code trading pdf manual chances of being scammed on the Internet if you follow some simple precautions. Scammers can use the Internet to promote fraud through unsolicited or junk emails, known as spam.
Even if they only get a handful of replies from the millions of cracking the money code trading pdf manual they send out, it is still worth their while. Be wary of replying, even just cracking the money code trading pdf manual "unsubscribe"because that will give a scammer confirmation that they have reached a real email address. Any email you receive that comes from a sender cracking the money code trading pdf manual do not know, is not specifically addressed to you, and promises you some benefit is likely to be spam.
Malicious software —also referred to as malware, spyware, key loggers, trojan horses, or trojans—poses online security threats. Scammers try to install this software on your computer so that they can gain access to files stored on your computer and other personal details and passwords. Scammers use a wide range of tricks to get their software onto your computer. Phishing scams are all about tricking you into handing over your personal and banking details to scammers. The emails you receive might look and sound legitimate but in reality genuine organizations like a bank or a government authority will never expect you to send your personal information by an email or online.
Scammers can easily copy the logo or even the entire website of a genuine organization. So don't just assume an email you receive is legitimate. If the email is asking you to visit a website to "update""validate" or "confirm" your account information, be sceptical.
They can carry viruses that can infect your computer. Do not open any attachments or follow any links in phishing emails. Online cracking the money code trading pdf manual and Internet shopping can be a lot of fun and can also help you find good deals. Unfortunately, they also attract scammers. Scammers will often try to get you to deal outside of online auction sites. They may claim the winner of an auction that you were bidding on has pulled out and offer the item to you.
Once you have paid, you will never hear from them again and the auction site will not be able to help you. Mobile phone scams can be difficult to recognize.
Be wary of somebody who talks as if they know you or of redialling a missed call from an unknown number—there may be hidden charges.
What you may not realize is that by accepting the offer, you may actually be subscribing to a service that will keep sending you ringtones—and charging you a premium rate for them. There are many legitimate companies selling ringtones, but there are also scammers who will try to hide the true cost of taking up the offer. Scammers either don't tell you that your request for the first ringtone is actually a subscription to a ringtone service, or it may be obscured in fine print related to the offer.
They also make it cracking the money code trading pdf manual for you to stop the service. You have to actively "opt out" of the service to stop the ringtones and the associated charges. Missed call scams start by scammers calling your phone and hanging up so quickly that you can't answer the call in time.
Your phone registers a missed call and you probably won't recognize the number. You may be tempted to call the number to find out who called you. If it is a scam, you will be paying premium rates for the call without knowing. Scammers send you a text message from a number you may not recognize, but it sounds like it is from a friend—for instance, "Hi, it's John. When are you free to catch up? An SMS contest or SMS trivia scam usually arrives as a text message or in an advertisement and encourages you to take part in a trivia contest for a great prize.