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March is Fraud Prevention Month

Wednesday, 2 March 2022 05:26

The Canadian Anti-Fraud Centre reported over $379-million worth of fraud-related losses in 2021 including $142-million in Ontario alone.

ONTARIO - It's Fraud Prevention Month and this year the OPP will be shining a light on impersonation scams.

This is when a fraudster pretends to be someone else in order to trick victims into handing over money and/or their personal information.

The Canadian Anti-Fraud Centre reported over $379-million worth of fraud-related losses in 2021. This is a significant increase compared to the $164-million in losses reported back in 2020.

Ontario also accounted for $142-million of the losses reported last year. That being said, only five-percent of victims actually reported their fraud to police or the Canadian Anti-Fraud Centre.

Detective Superintendent Dominic Chong, the Director of Financial Crime Services for the OPP, is encouraging fraud victims to come forward, so police can bring fraudsters to justice.

"Fraud is an insidious crime. Criminals committing fraud often prey on the vulnerable population in our communities, and count on their crimes not being reported to police due to shame or embarrassment experienced by the victims. These crimes are often devastating to the victims and their families. I encourage everyone who has been a victim of fraud to report it to police and the Canadian Anti-Fraud Centre. Victims of fraud are victims of crime, the shame should be placed on the criminals who commit the crime, not on the victims."

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