Nico here discussing various types of fraud and providing practical tips to stay safe, emphasizing the importance of skepticism, strong passwords, regular account monitoring, and staying informed about fraud trends.
Ciao! Welcome to a new episode of Building Wealth Through Real Estate...Brick by Brick with me, Nico James-Bock, Founder of The CondoWiz™ Group and Broker at Royal LePage Signature Realty in Downtown Toronto.
In this episode I also highlight the need to verify the legitimacy of investment opportunities and online sellers, and to be wary of private home sales. I conclude by advising to always stay vigilant and keep an eye on all available reports.
Types of Fraud:
Phishing:These tactics involve deceptive emails, texts, or phone calls designed to trick you into revealing personal information like passwords, credit card details, or bank account numbers. —All sources social media, YouTube videos….
Identity Theft: Fraudsters steal your personal information (Social Security number, date of birth, etc.) to open accounts, apply for loans, or commit other fraudulent activities in your name. Watch your mail!!! If you’re going to be away for more than 2 weeks at a time, ask a trusted friend to pick up your mail or have it held or forwarded by Canada Post.
Investment Scams: Promises of high returns with little to no risk are HUGE red flags. These scams often involve Ponzi schemes, pyramid schemes, or fake investment opportunities. Check your facts and speak with informed professionals.
Online Shopping/Auction Fraud: Fake online stores, countereit goods, and auction scams can lead to financial losses and stolen personal information.
Mortgage/Real Estate Fraud: As discussed previously - in a previous episode, this includes title fraud, inflated property values, and scams targeting homebuyers and sellers. Work with trusted real estate professionals, reputable lawyers, inspectors, mortgage specialists and financial advisors.
Listen in or watch the video to see ways to avoid being scammed....
Ciao ciao
Helping you increase wealth through #realestate
Book a time for a quick 15min Chat - Discovery: https://calendly.com/thecondowiz/15min
Social:
https://linktr.ee/nicojamesbock
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