Scam Warning ?? | GIC discussions | Discussion forum

Old trick reincarnated?

https://www.highinterestsavings.ca/forum/gic/gic-trust-highest-gic-rates-offered/#p69254

GuaranteediC said
Today I'm seeing similar google ads for what looks to be the same scam. They mention 9% rates and CDIC.

Do yourself a favour and install decent ad-blocker. You will STOP seeing any moronic ads and your life will be way nicer.
I do NOT see ANY EVER and I passionately HATE ads!
NOBODY can offer you amazing GIC rate unless it is Ponzi scheme. Or one day 2-3 huge guys with guns will ask you for your kidney or lung. Local anesthesia only...

The only reliable site for any GIC 'investigation' is THIS ONE. Or you can pick few banks and do your own research. But again, most comprehensive and reliable site for HISA/GIC is this one: http://www.highinterestsavings.ca

Twelve years ago, I attended a focus group (about Canadian pension funds) in which twelve of us were asked, among other things, where we got our news.

I was the ONLY one who didn't say "Facebook"! I was staggered.

When I got a chance to comment, I said I was blown away by that, and emphatically averred that "Everything on Facebook is bullsh1t!" I was met by the blank stares of eleven cows chewing their cud.

Four of them even added that they had been scammed or tricked by Facebook posts or ads. And back then there were far fewer ads.

Has nobody learned ANYTHING in all this time? Anyone still wanna buy Taylor Swift tickets 9% off?

HermanH said

I wonder what happens if, some day, they get wise and only offer slightly higher current market rates, such as 4.5 or 5%. It might be much more difficult to identify such potentially legitimate offers as scams.

The scams are not really that difficult to identify once one tries to verify who, what, and where the advertiser is. Bogus business names and suspicious addresses are red flags.

Nova Scotia Securities Commission article Fraudster Friday: Earl Jones mentions another three signs:

Can you spot the Red Flags of Investment Fraud in the Earl Jones story?

1. You were promised a high return for low risk.

2. Is there a credible source that can validate the investment?

3. Are they registered?

hwyc said
Old trick reincarnated?

https://www.highinterestsavings.ca/forum/gic/gic-trust-highest-gic-rates-offered/#p69254

More previous incarnations:

National Bond Exchange reported here.
National Rate Service discussed in another thread.
8% GoC bonds from the so-called Canadian Bond Guide reported here.

The internet and Facebook are MUCH, MUCH more dangerous and BS-filled places that they were a decade ago. But even then, people were ignoring actual journalism and buying into the slime pits.  

Very true! We now live in a world where pills for virility have become mainstream pharmaceuticals and bald faced lying day in and day out is considered acceptable, even something worth voting for.

The rocks have been flipped over and all sorts of creatures are climbing out.

Ya, sure they work, but that doesn't mean they are any good for you, and especially if you are over 70.

Snip from Harvard Health Publishing.
More and more, erectile dysfunction is being viewed as a systemic medical problem. In some studies, ED is like the canary in a coal mine for a future heart attack. That's because ED is often due to atherosclerosis—the same artery-clogging process that usually precedes heart attacks and strokes. So it should be approached more systematically than just starting with an ED drug.

Apologies for straying a bit off topic 🙂

There's a scam born every minute. Got this warning from DUCA.

"Protect yourself from the Death Benefit Scam
In this scam, fraudsters send letters claiming that you've inherited a large sum of money or are entitled to a death benefit payout. These letters often ask you to share personal information, verify your banking details, and provide proof of government issued ID to "claim" the funds. This is a scam. If you receive a letter like this, do not respond or share any personal information."

Received text verification code from '28849' twice now several months apart. I was not logging in to any site at the time. Appears to be from Wealthsimple when searching online, but I don't deal with Wealthsimple. Scam or someone entering wrong contact number?

Two issues for me today.

First issue.
I have a Time Share. I know exactly how many credits I have and how many I can borrow. My credits can equate to days based on the credits required for the resort. So my credits might be good for 10 days or 7 days.

I get a call from. Destinations Resorts Worldwide - DSW
Caller ID says DSW. Calling from (321) 435-0119 from the scam state of Florida. They make it sound like Wyndham and RCI which is close but no cigar. And the guy knows my name. Apparently that is published information….where…I can never find. On the past I have asked twice to verify who’s calling. They usually hang up. Apparently they say my account has xx unused days and if I let them rent them out, I can get $8000 in rent. And for $1995 they can get working on it for me. I see scams reported about this phone number at BBB, Facebook, and at WorldMark owners. Any one that goes for it….is out $1995.

Bottom line, any type of unsolicited service or product over the phone, email, front door, or trade fair. It’s take a hike, Jack.

Second issue.

I see that when I call Vancity they look at my age and treat me like I am an old fart that’s 100% illiterate regarding to, today’s technology. Well I am an old fart….but am literate and can smell a scam over the phone line.

They keep emailing me about scams over phone, online etc. So what makes there ever changing email warnings that are full of links to supposedly their website or their phone numbers to be correct? You can make a link look legit but where it takes you….can be something else. And I can spoof a number too.

This information is on the screens in branch, are emailed and are in your messages when you login.

What’s happening at Vancity? Even their branches have screens over the tellers with similar warnings.

I think that I should say…I don’t want their unsolicited warnings that are potentially full of unsavoury links.

Perhaps they should pick one communication method only. Not email or texting…but perhaps a message in your login or on your mailed or retrieved monthly statement.