As of July 2013, the Bureau had distributed over 14,000 printed copies and the document had been downloaded over 30,000 times.
The online version now has better accessibility and had been visited over 80,000 times.
Pyramid schemes inevitably collapse and you will lose your money.
In Canada, it is a crime to promote a pyramid scheme or even to participate in one.
Be cautious, but do not be discouraged from carefully researching business opportunities based on commissions. an illegal scheme in which you (and often your friends and family) become involved as the building blocks of something that is supposed to make you a fortune… The scammers make their money by taking money from people they recruit… and they don’t care when the pyramid falls down, because… If you do have to buy something in order to join a plan, if you have to buy very large quantities of products, or if you can't return them, you may be dealing with an illegal pyramid scheme. They will then ask you to pay all kinds of taxes and fees before you can receive your relative of yours has died and left you a huge inheritance.
This booklet debunks common myths about scams, provides helpful tips, questions to ask yourself, and many contact information for reporting a scam to the correct authority, I am grateful to the Australian Competition and Consumer Commission, who originally developed and telephone scams.
We are pleased to bring you the first Canadian edition of The Little Black Book of Scams.
We hope this book will increase your awareness of the vast array of scams that target Canadians and share with you some easy steps you can take to protect yourself.
Scammers target people of all backgrounds, ages and income levels.You receive payment by cheque or money order, but the amount you receive is more than the agreed price. Business people should watch out for Overpayment scams, which work on the same basic principle.