If there is a grain of good news about financial fraud, it’s that there are plenty of ways to avoid becoming a victim. “Unlike some other random acts of violence or crime, where you might not that opportunity to protect yourself, here you can,” says Michael Boudreau, a criminology professor at St. Thomas University in Fredericton, NB.
The Rotary ABCs of Fraud offers their tips on protecting yourself and your parents from financial fraud.
1. If it sounds too good to be true, remember that it is.
2. Always obtain three quotations for renovation work and check references provided.
3. Never give out personal information on an incoming call.
4. Shred or otherwise destroy all personal papers before throwing them in the trash or recycling bin.
5. Don’t carry your social insurance card or any other personal cards you seldom use in your wallet.
6. Don’t let anyone pressure you into making a quick decision.
7. Don’t be fooled into thinking you will get a really big lottery cheque if you send an up-front fee.
8. If someone calls or comes to the door offering you a free prize but requiring some sort of advance payment, just hang up the phone or shut the door. Emphasize to seniors that they don’t need to worry about being rude.
9. If you’re not sure about a solicitation, go to the financial institution, police department or the RCMP and ask questions.
10. If you don’t know whether you’re dealing with a fraudster or a legitimate organization, start your homework with a call to the Better Business Bureau or research it on the internet.
To book a Rotary ABCs of Fraud presentation call (902) 460-8786
or email firstname.lastname@example.org