Fraud Investigation

There are various types of fraud which can include insurance fraud, workers compensation fraud, and even online scams. What is the different between a scam and fraud? A scam is a game to swindle an individual or individuals out of their money for a quick profit. Fraud is an intentional deception which is generally unlawful in hopes to damage a person, industry, or for financial gain.

 

Fraud:

 

Fraud in Canada is massive and costs millions per year in losses not only to businesses but to private individuals. A large portion of the fraud is to businesses and insurance companies. So many businesses deal with fraud on varying levels but one common type of fraud in business is employees claiming injuries that may be false. We work with companies throughout Canada to monitor their employees to determine if fraud is taking place. For businesses and their leaders and decision-makers understanding knowing what types of fraud to look out for, and how to prevent them from occurring in your business is critical to the success and bottom line protection of the business.

If you require surveillance services to determine if an employee or claimant is fraudulent, our team can assist.

 

Scams:

 

Scams are on the rise in Canada, America and the world it is imperative to be educated on the current fraudulent scams but also how to deal with it if you have been a victim of a scam. Unfortunately, in most cases, the scammers are highly trained and discrete so locating them can be difficult and costly however there is hope as not all scammers can cover their tracks.

 

 

Types of Scams:

  • Telemarketing scams
  • Identity theft
  • Lottery Scams
  • Door-to-door scams
  • Online scams
  • Collection Fraud
  • Business scams
  • Email and text message scams
  • Mail scams
  • Overpayment Fraud
  • Auction Fraud
  • Work-at-home Scams
  • Credit and Debit Card Fraud
  • Inheritance Scams
  • Long-distance Relationship Scam

 

One online scam, in particular, is the CRA scam. In 2018 “BBB spokesperson Shawna-Kay Thomas told Global News the scam bilked people out of $3 million back in 2015. In 2016, that figure had gone up to $4.3 million, and by 2017, it topped $5 million. Thomas said 2018 could be even worse, making the CRA scam one of the most costly cyber scams in Canadian history.” These are the types of scams that many Canadians fall prey to. However, with the growing knowledge of this scam, many scammers are creating new scams.

 

The Smith Investigation Agency is a nationally known award-winning agency, and our fraud detection and cyber investigations team can assist if you have been a victim of a scam personally or if your business is a victim of fraud. If you’re dealing with Fraud in Alberta, Nova Scotia or Ontario our fraud detection team and cyber investigations team can assist. Please contact an office closest to you or complete an inquiry form and our team will contact you with a plan of action and pricing.

Need a private investigator? Contact us directly for a confidential consultation

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