Online fraud recovery
Have you been caught up in an online scam? We understand how distressing this can be, and we’re ready to assist. Whether you’ve lost funds or cryptocurrency, our recovery specialists are here to offer support, guidance, and help you reclaim what belongs to you.
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There is a growing number of online scams
More and more complex
Seventy-three percent of Canada adults have faced online scam attempts, with 19 million losing money. A major factor behind this is the increasing sophistication of scams, particularly with the emergence of generative AI and deepfake technology aimed at deceiving potential victims.
Fake trades
Trading and investment scams are among the most common online frauds. Scammers often impersonate licensed brokers or financial advisors, presenting fake trade deals or investment opportunities to lure unsuspecting investors.
How to recover from an online scam
We understand how devastating falling victim to an online scam can be. Our First Response team is ready to support you every step of the way in recovering your funds and maximizing your chances of reclaiming what belongs to you.
Varieties of internet fraud
Our fraud recovery specialists focus on reclaiming funds lost through a broad spectrum of internet and online scams:
Pump and dump fraud
Pump and dump schemes involve artificially boosting the price of a stock, cryptocurrency, or other asset using deceptive or false information. Fraudsters then sell these overvalued assets at the inflated price, leaving investors holding worthless investments.
Affinity Fraud
Affinity fraud focuses on particular social or demographic groups, persuading them to invest in scams such as Ponzi or pyramid schemes. Scammers build trust by relating through common backgrounds or interests, which makes the fraud more difficult to identify.
Pension Scams
Pension scams are becoming more frequent online, focusing on people seeking to manage or combine their retirement savings. Scammers frequently rely on trusted references to build confidence, convincing victims to move their pension funds into fraudulent accounts.
Binary Option Fraud
Binary option fraud take advantage of the dangers associated with high-risk trading, frequently deceiving investors with false guarantees of profits. Although banned in the Canada, numerous scammers work from overseas, which complicates efforts to recover lost money.
Upfront fee fraud
Upfront fee fraud deceives victims by asking for upfront fees for loans, prizes, services, or job opportunities that never come to fruition. Scammers often pose as legitimate businesses and focus on individuals facing financial challenges.
Boiler room schemes
Boiler room schemes involves forceful, high-pressure sales techniques aimed at convincing investors to purchase shares that are worthless or do not exist. Although less frequent, this type of scam can cause victims to suffer substantial financial losses.
Phishing Scams
Phishing scams trick victims by pretending to be trusted contacts or legitimate companies through email, text messages, websites, or ads to capture sensitive information. This remains one of the most widespread online scams impacting both individuals and businesses.
Romance Scams
Romance scams occur when fraudsters create fake online relationships with victims, frequently using emotional manipulation to persuade them to send money or gifts to scammers hiding behind false identities.
Spoofing schemes
Spoofing schemes involve impersonating legitimate emails, websites, phone numbers, or text messages to deceive victims into trusting fraudulent sources. This scam tactic is increasingly common, especially in financial fraud cases.
Impersonation scams
Impersonation scams occur when fraudsters pretend to be friends, government officials, banks, or other trusted entities to request payments. They may tell victims their accounts have been compromised and urge them to transfer money to a “safe account,” where the funds are stolen.
Bank Fraud and Scams
Bank fraud covers various scams, such as identity theft, phishing, and unauthorized payment fraud, targeting victims’ bank or credit accounts. These scams can result in significant financial damage and complicated recovery efforts.
Buying scams
Buying scams focus on online buyers. They usually feature fake listings that trick victims into sending money but never deliver the promised products. These scams frequently run through counterfeit apps or websites.
Investment fraud
Investment fraud represent the most prevalent form of fraud, offering promises of high returns with minimal or no risk through fraudulent opportunities in stocks, real estate, or cryptocurrency.
AI fraud
AI fraud are becoming more advanced, employing deepfake technology to create fake interactions that trick victims, along with fraudulent investment tools that guarantee unrealistic returns.
Ponzi fraud
Ponzi fraud works by reallocating funds from new investors instead of producing genuine profits. These schemes promise high returns but usually collapse, causing significant financial losses for victims.