Fraud Protection: Help Protect Yourself from Investment Scams with Manulife Bank

As investment scams become increasingly sophisticated, Manulife Bank is committed to providing robust fraud detection and prevention to help safeguard your investments. Discover some of the latest tactics used by scammers, key warning signs, and effective steps to help protect yourself.

Each year, many Canadians fall prey to investment fraudsters. With advancements in AI, these scams are becoming increasingly sophisticated¹. According to the Royal Canadian Mounted Police, victims of fraud and cybercrime in Canada lost over $638 million in 2024² Manulife Bank is here to help reduce that number with essential tips that can support your efforts to stay safe.

An investment scam occurs when fraudsters target vulnerable individuals, enticing them to invest money in cryptocurrency, stocks, real estate, or businesses. These scams can occur via phone calls, social media, advertisements, or fake websites³.

• Cryptocurrency Ponzi Schemes⁴
• Fraudulent Real Estate Investment Trusts (REITs)³
• Phishing Emails Masquerading as Financial Advisors²
• Investment Tips from Social Media Influencers⁵

• Research and Verify Independently: Before investing, check if a company or person has been flagged as a risk to investors by the Investment Industry Regulatory Organization of Canada.

• Check Company Registration: Use the National Registration Search tool to verify the company's registration. If the company isn't registered, conduct thorough due diligence before investing.

• Get a Second Opinion: Always seek a second opinion before making significant investment decisions. Manulife Bank is here to help determine if an offer may be fraudulent.

• Never Share Personal Details: Keep your personal information, such as banking details, private. Manulife Bank will only request personal information if you have submitted paperwork/forms for an application or transaction.

• Don't Feel Pressured to Act: Investment fraudsters create a false sense of urgency. If you sense any anger or frustration from them for not accepting an investment offer immediately, it's likely a scam.

• Be Skeptical of Unsolicited Offers: Whether the offer seems legitimate or not, always remain skeptical and cautious to protect yourself and your money.

As your trusted banking partner, Manulife Bank is committed to supporting you in achieving your financial goals. For more information on avoiding scams and investment fraud, connect with us at 1-877-765-2265 or visit our Fraud Prevention Centre for additional support.