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.