Most people consider themselves sharp enough to know when someone is trying to work them over but for scam artists and fraudsters, all they need is for you to let your guard down for a second and the ruse is on.
That’s probably why fraud cases cost Canadians an estimated $10 to $30 billion a year, according to the RCMP.
The summer is prime time for scams. People are outdoors more, attending scalper-saturated stadium shows, unafraid to spend a little extra here and there on vacation or to take advantage of the nice weather by sprucing up their home with a few renovations.
Even some timeshares – with their too-good-to-be-true prices and free lunch (what? who says no to a free lunch?) – have a tendency of preying on carefree tourists and scamming them out of millions of dollars.
There’s no shortage of swindles out there but the best way to beat the fraudsters at their own game is to keep sharp and avoid sketchy situations. Check that businesses are registered on the Better Business Bureau andRead More »from Money Minute: Top 3 summer scams