Savvy Consumer Information Center - Scams and Frauds
Savvy Consumer Information Center - Scams and
Frauds
Scams and
Frauds
Here are some of the
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CDIC Warns of Internet Investment Scam -
The Canada Deposit Insurance Corporation (CDIC) advised North American investors and depositors of an apparent
internet fraud scam falsely involving CDIC that is currently underway. A person or group of persons carrying on business
as the Maryland Investments Club is offering cashable guaranteed investment certificates called "digital investment
certificates" for sale over the Internet. These certificates are purported to be issued by MD Private Trust Company and
are said to be held electronically and guaranteed in full, by the Canada Deposit Insurance Corporation. This is not the
case. The signature of CDIC's General Counsel, Gillian Strong, on any Maryland Investments Club documentation is a
forgery. The certificates falsely bear the Government of Canada wordmark and the logo of the Canada Deposit Insurance
Corporation.
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