Internet dating schemes

You, and other 'syndicate members' are promised a percentage of the profits.The scammer targets small business operators, professionals, retirees or others with funds to ‘invest’.

Often the information used in these programs can be obtained from the betting pages of your local newspaper at very little cost.The scammer will use technical or financial terms such as 'sports arbitrage',' sports betting', 'sports wagering', 'sports tipping' or 'sports trading' to make these scams look like legitimate investments.Promotional material often takes the form of glossy and sophisticated brochures or websites that contain graphs or diagrams promising large returns for little or no effort.Anybody who has been the victim of an online romance scam or know someone who has, is urged to contact the police and report it to the Canadian Anti-Fraud Centre.These scams are simply a form of gambling camouflaged as legitimate investments.

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