Ponzi schemes and other types of fraud have become more prevalent in recent years. According to recent statistics, fraud has emerged as the most common crime in Canada, impacting at least 2.5 million people in 2019 alone. The number highlights the importance of raising awareness and implementing protective measures against these schemes. Understanding the mechanics of Ponzi schemes and recognizing their warning signs safeguards investments from becoming tangled in such fraudulent activities. The prevalence of fraud underscores the need for vigilance and education in financial dealings to prevent falling victim to these deceptive practices. What are Ponzi Schemes? Ponzi schemes ...
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Fewer and fewer people transact with cash nowadays. Most use an online payment app, debit card, or credit card. The increased use of credit cards online and offline comes with higher incidents of credit card fraud in Canada. According to a 2023 study, about a quarter (21 percent) of Canadians have been victims of credit card fraud in their lifetime. Credit card fraud happens when someone takes your credit card, account numbers, or card information and uses it for illegal or unauthorized activities. Scammers take advantage of the growing acceptance of and comfort with remote payment options to target vulnerable ...
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Fraudulent activities have long been a significant challenge in Canada’s mortgage sector. Moreover, virtual solutions in real estate processes have made it easier to happen. Due to the amount of information in the cloud, fraudsters can easily access data. Similarly, the challenging mortgage market and ongoing economic headwinds contribute to the rise in mortgage fraud. Equifax Canada’s quarterly data reveals that fraud rates in mortgage applications continued to increase by 9.9 percent in Q4 2023 compared to the same period in 2022. Most mortgage fraud involves first-party fraud, where the individual gives false information to secure a mortgage. Although lenders ...
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Fraud is a serious crime involving the deception of individuals into giving up their money or property through misrepresentation or outright lies. It can include phone scams targeting older Canadians or fraudulent investment schemes that trick people out of their life savings. Suppose you are facing fraud over $5,000 charges. It is crucial to have an experienced fraud defence lawyer on your side. This article will discuss fraud laws in Canada and how a skilled lawyer can guide you through this challenging situation. What counts as fraud in Canada? The Criminal Code of Canada (Code) §380 describes fraud and its ...
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Slips, trips, and falls are common occurrences, which often happen because of slippery surfaces, lack of attention, or sheer carelessness. However, slip-and-fall accidents can cause severe injuries to you or a loved one, especially older people, women, and workers. You can seek compensation for serious injuries and losses if it happened because of someone’s negligence. Let’s explore and analyze slip and fall statistics in Canada. Key Takeaways The leading cause of reported injuries leading to hospital admissions for Canadians over 65 is slips, trips, and falls (STFs). Women and older Canadians have the highest risk for serious injury due to ...
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Understanding the role of witness statements in personal injury cases can help you avoid ambiguity. For example, if you were in a car accident or were injured in a slip-and-fall case, it isn’t always easy to determine who’s liable. Both you and the other party can point your fingers at each other, but convincing an insurance adjuster or jury could be an uphill climb. Witness statements can play a huge role in getting compensation for your injuries, as they can establish several parts of your claim. Witnesses often give an objective view of the event, supporting one version of the ...
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Switching lanes is an important part of driving. However, it’s also one of the leading causes of car accidents in Canada, often leading to devastating results. In 2022, the Ontario Provincial Police (OPP) responded to 9,110 collisions involving transport trucks. It’s the highest number of transport truck-related crashes on OPP-patrolled roads in over a decade. According to the OPP, the primary factors leading to these collisions were speeding, following too closely, and improper lane changes. Safely changing lanes is important, particularly when driving large commercial vehicles or on multi-lane highways. Most drivers don’t change lanes to cause an accident, but ...
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Imagine driving down a highway and enjoying a podcast when your car suddenly veers off course. This is actually the result of a cyberattack, and it’s not the fault of your car’s mechanics. It sounds like science fiction, right? Unfortunately, the risks are all too real. The number of automotive cybersecurity incidents has soared by a concerning 94 percent year-on-year since 2016. That’s right, hackers have turned their sights towards automobiles, necessitating a new frontier for cybersecurity. But don’t panic just yet. You also have the power to equip yourself against these cyber threats to make sure that you and ...
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Diamond and Diamond Lawyers in Toronto have always advocated for people in need of legal assistance. As Canada’s largest personal injury law firm, they handle everything from slips and falls to dog bites to class action lawsuits. Our lawyers do their best to protect victims’ rights in Ontario, British Columbia, and Alberta. However, our involvement doesn’t end with getting compensation for our clients’ injuries. The law firm also engages with the communities they serve by supporting worthy causes through fundraising and awareness building. One such cause is Easter Seals Ontario, which needs more support for its initiatives than it gets ...
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The rising cost of fuel is a common concern for consumers and businesses in Canada. As of August 24, 2023, data from the Canadian Automobile Association (CAA) indicates that the average price of gasoline across the country ist 166.8 cents per litre. Various factors contribute to the high price of gasoline, with the most significant factor being Russia’s invasion of Ukraine. The latest resolution of the Organization of the Petroleum Exporting Countries (OPEC) to lower oil supply also contributed to the increase in prices. Considering the escalating price of gasoline, optimizing fuel economy in any vehicle you drive is more ...
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