
The Federal Trade Commission (FTC) has taken action against fraudulent activities, reaching settlements with companies over false promises to small businesses in the Paycheck Protection Program. Meanwhile, a series of scams across North America have resulted in significant financial losses for individuals. In Montgomery County, a scammer stole almost $800,000 from a senior community resident. Regina police have issued warnings about 'grandparent scams'. The FTC has also alerted the public to scammers impersonating its employees. A new 'gold bar scam' has been reported, targeting the elderly and costing victims millions. In Toronto, a couple fell victim to a SIM card swap scam, losing more than $140,000. Another scam involved a finance columnist and a Bay Area grandmother, who were tricked into handing over $50,000 and $20,000, respectively. Canadians have lost over $166,000 to similar scams. Additionally, over $55 million has been reported stolen in investment scams in Toronto over the last nine months. The FTC also announced a $26 million settlement in an alleged popup scam.
More than $55M was reported stolen in investment scams by Torontonians over the last 9 months. Is 'pig butchering' making it worse? https://t.co/6WHnrdScbG
Canadian Couple Loses Over $166,000 in SIM Swap #Scam | How to Protect Yourself https://t.co/4mAxVZyzHD
A finance columnist made headlines when scammers tricked her into handing $50,000 cash to a man she didn't know. Now, a nearly identical scam has struck in the Bay Area: a grandmother realized too late she'd willingly handed $20,000 cash to a stranger. https://t.co/5ObelcBzu2 https://t.co/McxfPI2UHl








