Better Business Bureau reveals its top scams of the past year
Mornings with Simi
English - March 01, 2019 20:23 - 10 minutes - ★★★★★ - 1 ratingBusiness News News Society & Culture Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
The amount of money lost by Canadians to scammers reached a new record high in 2018.
The figure was revealed in the past hour by the Better Business Bureau.
They say that $121 million was lost to scammers - that's twice as much as 2015.
They warn though that the real figure could be much, much higher. That's because only about 10 per cent of people who are scammed come forward to report the crime. So the actual losses could be as much as $3 billion.
We also learned today what the top scams of the past year are. Let’s find out what those are.
Guest: Danielle Primrose
President and CEO of the Better Business Bureau, serving Mainland BC
The amount of money lost by Canadians to scammers reached a new record high in 2018.
The figure was revealed in the past hour by the Better Business Bureau.
They say that $121 million was lost to scammers - that's twice as much as 2015.
They warn though that the real figure could be much, much higher. That's because only about 10 per cent of people who are scammed come forward to report the crime. So the actual losses could be as much as $3 billion.
We also learned today what the top scams of the past year are. Let’s find out what those are.
Guest: Danielle Primrose
President and CEO of the Better Business Bureau, serving Mainland BC