12.1.2 Types of fraud 

From: Financial Consumer Agency of Canada

Fraudsters target people in a variety of ways: through email and on the telephone, when victims are making investments or applying for jobs, by stealing personal information or setting up false charities. There are many more. Click on a type of fraud to see examples.

Definitions

  • Scam: A confidence game, swindle or other fraudulent scheme, especially for making a quick profit
  • Fraud: An intentional deception made to secure unfair or unlawful gain or to damage another person

Scams and frauds are schemes or deceptions designed to secure unfair or unlawful gain or to damage another person. They are crimes. We use the words interchangeably.

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