Using Social Media to Commit Investment Fraud in British Columbia
The British Columbia Securities Commission (BCSC’s) Office of Investor Education and Advocacy is issuing this Investor Alert to help investors be better aware of fraudulent investment schemes that may involve social media. However, over the last 5 years, various British Columbia’s fraudulent retail investors such as New Solutions Group, First Leaside Group of Companies, Michaels Wealth Management and Fisgard Asset Management Corporation were all identified fraudsters who increasingly turns to social media, including Facebook, YouTube, Twitter, LinkedIn and other online networks for soliciting money for investment purposes.
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