Investment Scams Net Nearly $230 Million From Canadians So Far This Year

Canadians have lost $228.5 million in scams by fake investment predators so far this year, says the Canadian Anti-Fraud Centre. Dominic Lipinski/PA

Canadians have lost $228.5 million to investment scams so far this year, according to a spokesperson for the Canadian Anti-Fraud Centre (CAFC). 

Jeff Horncastle of the CAFC told The Epoch Times that investment scams are one of the major categories of fraud that the centre deals with. In 2022, Canadians lost $305.4 million to fake investment predators.