People are often persuaded to join by family members or friends.But there is no guarantee that you will recoup your initial investment.
We’ve distributed more than 100,000 printed copies to Canadians, and our online version has been visited or downloaded from the Competition Bureau’s website more than 250,000 times.
I am very grateful to the Australian Competition and Consumer Commission, who originally developed The and telephone scams.
You may receive a phone call, an email, a text message or see a screen on your computer. You’ve just won a lottery/a cruise/a shopping spree/a BRAND… Here’s a “winning” formula: Only buy legitimate tickets for lotteries… Examine all of the terms and conditions of any offer very carefully—claims of free or very cheap offers often have hidden costs.
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. Be wary of premium rate phone numbers or premium texts Don’t send money for fees or taxes to people you don’t know and trust… Calls to premium rate phone numbers or premium text messages can be very expensive.
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. Don’t give away your banking information or any other personal information — EVER. In a typical pyramid scheme, unsuspecting investors are encouraged to pay large membership fees to participate in moneymaking ventures.
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. 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.
And if you have provided other personal details, your identity could be misused too. Fact is, if you didn’t enter a contest, or buy a ticket, there’s no way you are a lawful, legal winner of ANYTHING…
A fake prize scam will tell you that you have won a prize or a contest. and your “scam alert” should be ringing in your head.
Scammers target people of all backgrounds, ages and income levels.