NEWS RELEASE YORK REGIONAL POLICE ****************************** Investigators with the York Regional Police Financial Crimes Unit would like to remind citizens to be wary of online investment and romance scams after an increase in incidents being reported.
Fraudsters have been targeting victims through messages on social media, emails, dating sites and online advertisements. Victims are often introduced to an investment opportunity or asked to receive money on behalf of the fraudster. In some cases, the fraudsters are claiming to know crypto-currency traders/investors or to be one themselves and they promise large returns. They will go as far as setting up websites where victims can log in and see funds in their accounts.
In many instances, these fraudsters are using fake names and identities or impersonating existing legal companies to solicit victims and to appear legitimate. The fraudster will continually ask for more money and fees and eventually, victims can’t get any of their invested money back.
In romance-type scams, fraudsters will build trust with a victim, then ask them to receive money and forward that money to others. In most cases, this money has been obtained from other online fraud victims and is essentially being laundered.
If someone is asking you to send cryptocurrencies such as Bitcoin, Litecoin, Etherum and other cryptocurrencies, be very cautious. These online investments and investors are not licensed or regulated in Ontario.
York Regional Police is reminding citizens to be cautious if you receive solicitations or notifications for any type of cryptocurrency trading or investing as this type of currency is designed to be anonymous and can rarely be tracked.
If a situation feels suspicious, trust your instincts never invest in something you do not fully understand or with people or businesses that you cannot confirm are legitimate. Do not receive money transfers or deposits from unknown persons. We encourage citizens to share fraud prevention tips with friends and family, especially seniors or newcomers to Canada, who are frequently the targeted victims of frauds and scams.
If you have been a victim of a fraud, and have lost money, report the incident promptly to the York Regional Police Financial Crimes Unit either online or by calling 1-866-876-5423, ext. 6627. To report frauds where no money has been lost, contact the Canadian Anti-Fraud Centre online or by calling 1-888-495-8501.
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
