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Email this1:32 pm
January 12, 2019
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.
I got an email from my sister today, asking me what I thought about the UBS Bank and their recent promotional rates that they sent to her (HISA @ 4.35% \ 1Yr. GIC @ 5.25% paid quarterly \ 5Yr GIC @ 4.95%).
I had to write back to her that I knew Diddily-Squat about them, but due to their Unusually High promotional rates (too good to be true?) I had to do some snooping.
So far, I've found some good things about them, and also some not-so-good things about them.
They are a very large FI based out of Switzerland and have branches all over the world including Montreal, Toronto and Vancouver. This is their Canadian website ➡️ https://www.ubs.com/ca/en.html
Has anyone here had any dealings with them ?
- Dean
" Live Long, Healthy ... And Prosper! "
2:30 pm
January 12, 2019
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That website I linked in Post #1 is Legit, but the one sent to my sister (https://secure.ubsinvestmentgroup.ca/select/) is a Scam.
So yes ... she's being Scammed, and I've let her know.
- Dean
" Live Long, Healthy ... And Prosper! "
3:11 pm
November 5, 2022
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The fake GIC frauds and scams by these offshore criminals have reached epidemic proportions.
And their flagrant criminal fake website stays in operation for months, ripping people off on a daily basis.
Seemingly no police enforcement of any kind.
https://www.highinterestsavings.ca/forum/general-comparisons/ubs-canada-gics-hisa/
3:35 pm
January 12, 2019
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Dean said
.
That website I linked in Post #1 is Legit, but the one sent to my sister (https://secure.ubsinvestmentgroup.ca/select/) is a Scam.So yes ... she's being Scammed, and I've let her know.
Dean
P.S.
It's amazing how good of a job the scammers did
on mimicking the legitimate/real website❗
Can't be to careful these days 
- Dean
" Live Long, Healthy ... And Prosper! "
3:58 pm
May 20, 2016
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Is UBS bank aware of the fake website? I don't see any warning on its website (https://www.ubs.com/ca/en.html).
4:22 pm
December 18, 2024
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Found this at.
https://www.ubs.com/ca/en.html
A legitimate or illegitimate site could say this.
Best not to use links from emails or other websites . Best to search and verify then set up your “own” bookmark. <== even saying that is still loosey goosey! Even when I get my Amex statement notice … I never use the link with in the email. A signing up for something….ask yourself as each step happens…is this necessary? If not, take a pause and rethink it.
For the gentleman that lost $750,000 at a fake PC. Why go over CDIC? Why not a smaller test? And did he ask himself about the document process and the mailing address? Should have consulted a friend or family member. So much for hindsight.
5:15 pm
November 5, 2022
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One would think that the real UBS bank would be the first to contact police. But perhaps they just put that small buried disclaimer on their website to avoid liability, and let the scammers steal and copy their website and logo.
At least PC Financial as a massive banner across the screen everytime you sign in about the GIC fraud.
5:46 pm
March 15, 2019
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UBS itself has a bit of a reputation.
"UBS, a major Swiss bank, has been involved in several significant scandals. These include a rogue trader incident in 2011 that resulted in a $2 billion loss. Additionally, UBS faced accusations and settlements related to its role in the 2008 financial crisis, particularly regarding the mis-selling of mortgage-backed securities. The bank also faced allegations of helping clients evade taxes.
Here's a more detailed look at some of the key scandals:
1. 2011 Rogue Trader Scandal:
Kweku Adoboli, a trader on UBS's Global Synthetic Equities Trading team, was responsible for unauthorized trading that led to a $2.3 billion loss.
He was later convicted of illegally trading away the money.
This incident significantly impacted UBS's reputation and financial standing.
2. 2008 Financial Crisis and Mortgage-Backed Securities:
UBS was accused of misleading investors about the quality of mortgage-backed securities it sold in the lead-up to the 2008 financial crisis.
The bank agreed to pay $1.4 billion to settle fraud claims related to these securities.
This settlement resolved the last case brought by US prosecutors investigating banks' conduct during that period.
3. Tax Evasion Controversies:
UBS faced allegations of helping wealthy Americans evade taxes, leading to investigations and legal actions.
In one instance, a French court fined UBS €4.9 billion for assisting clients in tax evasion.
These are just some of the major scandals UBS has been involved in, highlighting the importance of strong regulatory oversight and ethical conduct in the banking industry.
2011 UBS rogue trader scandal - Wikipedia
The 2011 UBS rogue trader scandal caused a loss of over US$2 billion at Swiss bank UBS, as a result of unauthorized trading perfor...
Wikipedia"
6:43 am
July 3, 2025
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Do not use UBS Canada website. This is a scam, they wanted me to send a wire transfer and fortunately it was flagged as fraud and it didn’t go through.
8:41 am
January 12, 2019
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Just to clarify ... there are Two (2) UBS websites ⬇️
- The Good: https://www.ubs.com/ca/en.html
.
The Bad: https://secure.ubsinvestmentgroup.ca/select/
.
Choose Wisely❗
- Dean
" Live Long, Healthy ... And Prosper! "
9:55 am
April 14, 2021
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pearl1 said
Do not use UBS Canada website. This is a scam, they wanted me to send a wire transfer and fortunately it was flagged as fraud and it didn’t go through.
Can you elaborate on how it was flagged as fraud? Who flagged it? How were you notified?
I think the details are important, as others and the media have reported that banks did not stop similar wire transfers. i.e. How are banks supposed to determine what is or isn't fraudulent?
10:17 am
July 3, 2025
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Hi.
I bank with Simplii Financial (which is not a walk in bank) and it came up on their fraud alerts. So they didn’t send it. Thank gawd. I would have been out a lot of money.
This just happened last week. I reported it to the police.
That website should be reported and flagged. Also the real UBS should be notified that they are impersonating their website.
3:36 pm
November 5, 2022
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That criminal fake UBS website is still up, still robbing people everyday. Why be a street criminal, when you can be an online criminal out in the open, and nothing happens to you?
They are stealing people's money with the fake GIC scam everyday, and the website does not even get taken down.
3:44 pm
July 3, 2025
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I agree. Something should be done! We can call the government anti fraud line or report it online to them.
https://antifraudcentre-centreantifraude.ca/report-signalez-eng.htm#a1
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