ORILLIA -- It is important to be able to recognize and understand the ways fraudsters try to steal your funds today, compared to 20 years ago. Awareness can play a key role in preventing potential victims from losing their hard-earned money. With the use of cryptocurrency, online banking, and the internet readily available on mobile phones, fraudsters have many avenues to access potential victims.
Cash: If someone is claiming to be your loved one and is asking you to send cash to help them, be sure to verify the story and contact your loved one directly. The fraudster may have a person or courier attend to your residences to pick up the cash. Cheques: Fraudsters may send you a counterfeit cheque, asking you to cash it and return some of the funds back to them. You may later find out that the cheque you deposited is fraudulent and you now owe money to the bank.