Final Week Of Fraud Prevention Month Focuses On Investment Fraud: B93.3 FM : Lethbridge's #1 Hit Music Station : Lethbridge News, Alberta
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Final Week Of Fraud Prevention Month Focuses On Investment Fraud

 
 

Lethbridge: Lethbridge Regional Police are encouraging the public to do their research before making a large investment.

 

 

The final week of Fraud prevention month focuses on Investment Fraud. Police say in the past couple of years Lethbridge citizens have been victims of investment scams. But, police say there are steps people can take to avoid becoming a victim of investment fraud.

 

 

"Researching the Alberta Securities Commissions Website. That will tell you if anybody has ever been charged or been involved with an investigation. Talking to good creditors, like larger investment firms. At least you can rely on their expertise. If it's one person approaching you for a too good to be true investment. I'd really have your red flags up. It may be a good investment, however those are a lot riskier." said Sergeant Christy Woods.

 

 

Woods says investment cases are often difficult to prosecute. 

 

 

 "Police don't necessarily get a lot of these reports. Unfortunately it's kind of like the romance scam, sometimes people are embarrassed to come forward and say they've invested in these types of things. A lot of times there is a lot of money lost and they don't want to tell their spouses or friends or family and have that public embarrassment. Often times, these people are still on the sides of the fraudsters and supporting them and defending them because they truly believe they're going to get their money one day." said Woods.

 

 

LRPS encourage anyone who has ever been a victim of fraud to contact police.

 



Posted on Sunday, March 24, 2013 at 4/18/2014 10:05:57 AM
Source: Falon Wagner (@FalWagner on Twitter)--Country 95 News
 
 
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