ABCs of Fraud

A look back

May 13th, 2015 | By

By Bud McGinnis The first submission in this ABCs of Fraud series was published in June, 2002. The current column is number 156, and concludes 13 full years of involvement and will be my last. I thank each of you who has read what I’ve written; without readers there is little incentive to write. I do hope
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Tools available to combat fraud

Apr 15th, 2015 | By

By Bud McGinnis Last month we reviewed “Red Flags” and how so many frauds and scams deal with offers that are just too good to be true. Perhaps the victim is “guaranteed” a very high return, say 15% on his investment, because it’s invested with an off-shore firm that pays no taxes. Alternatively, it may be a
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A review of the warning signs of fraud

Mar 12th, 2015 | By

By Bud McGinnis Many of us made resolutions as we entered the New Year but by now some, perhaps most, will have been broken.  One resolution we in the ABCs of Fraud program hope you made and are keeping is this: “I will remember that fraudsters and scam artists are in our midst at all times,
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Avoid nuisance phone calls

Dec 17th, 2014 | By

By Bud McGinnis Invention of the telephone by Alexander Graham Bell 140 years ago revolutionized the way we communicate with others. No longer was it necessary to use the postal service, the telegraph, or to travel to the destination of the contact. Being able to talk with someone at a distance over telephone lines was
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Beware of re-occurring low-tech scams

Nov 12th, 2014 | By

By Bud McGinnis Telephones, computers, internet, ATMs, and email are all part of a new age. Although fraudsters and scam artists have fully embraced this new technology, personal losses can still occur via old low-tech schemes. Although we’ve commented on some of them before, a couple are worth mentioning again. Theft in the supermarket still
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Don’t let con artists win the day

Sep 15th, 2014 | By

By Bud McGinnis When the ABCs of Fraud program was launched by the Volunteer Centre of Toronto in 1996, it was said that $100 million was being taken by fraudsters and scam artists annually across Canada.  Moreover, 80 percent of that sum was taken from those citizens 60 years of age and older.  Today, 18 years later,
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Be vigilant to avoid becoming a victim

Aug 14th, 2014 | By

By Bud McGinnis Irrespective of how well informed we are about frauds and scams, any one of us can become a victim.  Just think of the 40 million credit cards that were compromised in the Target store chain last year.  Should you be one of those cardholders, your information has fallen into the domain of
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Don’t be conned by banking scam

Jul 15th, 2014 | By

By Bud McGinnis In this fast-moving high-tech world of today, it’s easy to forget that it hasn’t always been this way.  Communication, travel, work, and concern for the environment are all far removed from conditions known in the early years of the 20th century and before.  Although frauds and scams continue to increase in numbers
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