‘Check washing’ is now costing Americans over $1 billion each year, says USPIS — how to spot the threat and protect yourself from becoming a statistic

Despite seeming retro, check fraud is experiencing a surprising resurgence, with criminals stealing billions of dollars through these schemes. According to the U.S. Postal Inspection Service (USPIS), "check washing" fraud is inflicting substantial financial damage on Americans. Postal inspectors report intercepting more than $1 billion in fraudulent checks and money orders annually. Despite the rise […]

Two Ontario residents are out a combined $90k after they invested in private investment scams. Here’s how you can spot these enticing opportunities for what they are — theft

In the world of investing, the advice “if it’s too good to be true, it probably isn’t,” is a cardinal rule — one that shouldn’t be broken unless there’s reason to do so. Unfortunately, two Ontario residents lost a combined $90,000 after investing with two private investment companies. And they think their money might be […]

76% of newcomers fear financial missteps, TD survey finds

Many recent immigrants say they feel held back by a lack of knowledge about investing, banking and Canada’s economy. More than three-quarters (76%) of newcomers to Canada say they’re anxious about making a financial mistake, according to a new survey from TD. The findings suggest that while ambition is strong among recent immigrants, many feel […]