January 30th, 2014 – CALGARY, ALBERTA – Looking to make some extra cash? Investments may seem like an easy way to get the cash flowing, but before you invest your hard-earned life savings be sure to check that you aren’t handing your money over to scammers. In light of two local investment schemes targeting Albertans, BBB is offering a Savvy Investors seminar to help you invest wisely.
On Tuesday the Calgary Herald reported Gary Walker, 68, had been arrested by Calgary Police and charged with five fraud-related counts, including defrauding multiple Alberta victims out of $320,000 in an investment scheme. On the same day, the Calgary Herald reported that investors who have invested in Morgan Dragon Development Corp. have also become victims of an investment scheme.
President and CEO of BBB Serving Southern Alberta and East Kootenay, Sandra Crozier-McKee, says it is crucial for consumers to exercise extreme caution when investing their money. “BBB is here to help consumers educate and protect themselves in the marketplace,” she said. “Our Savvy Consumers education program offers consumer tips on how to be a savvy investor and fraud-fighter by knowing the telltale signs of fraud. It takes a lifetime of hard work to save your earnings but only a few seconds to be left empty-handed if you are quick to make bad investments.”
BBB urges consumers to watch out for these warning signs protect yourself from investment fraud and schemes:
Join BBB for their next Savvy Investors seminar at the Airdrie and District Victim Services on March 26, 2014. For more information on protecting yourself from investment fraud, visit bbb.org.
For more than 100 years, Better Business Bureau has been helping people find businesses, brands and charities they can trust. In 2013, people turned to BBB more than 132 million times for BBB Business Reviews on more than 4.5 million businesses and Charity Reports on 11,000 charities, all available for free at bbb.org. BBB Serving Southern Alberta and East Kootenay, founded in 1954, is one of 112 local, independent BBBs across North America.
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