A Calgary homeowner says he was swindled out of his own property by a realtor he thought was trying to help him.
Seyfeddin Mohammed and his wife sold their home to a company offering a deal without legal or realtor fees. Now, Mohammed says that the property was transferred out of his name without him receiving any of the $440,000 purchase price.
Read more: http://tinyurl.com/a49sssk
The Real Estate Council of Alberta says it has fined a Calgary man $15,000 for posing as a realtor and deceiving potential homebuyers and renters.
The council says Derek Johnson rented one property — collecting a damage deposit and rent — in the southwest community of Woodbine that had been foreclosed by the Royal Bank of Canada.
Read more: http://tinyurl.com/c42tktv
Ask any investor regardless if they are involved in real estate, stocks or any other asset class if they require paper for their transactions and the answer is a resounding yes. Documentation showing a title transfer or stock purchase/disposition is essential for tax purposes as well as legal. The storage of these documents is important but even moreso is the way they are discarded.
Please do not ever throw away anything which has your name, address, phone number or other important information about you. There are professionals in your area who scour garbage bins and prowl areas in an attempt to steal this vital information from you in order to make a quick illegal profit.
Once your identity is stolen, it is not just the financial headache it causes but an ongoing emotional toll that it takes to restore what was taken from you. I do not speak from experience but have heard this from others who have been victimized. This can have negative consequences which can easily last years from a simple act such as tossing your utility bill in the garbage can.
For more useful information on how to stop identity theft from occurring, please visit this site: http://tinyurl.com/d77nm
Yes, it can happen to you!!
LONDON, May 7 (Reuters) – Hard-pressed company bosses across much of the world are under so much pressure to deliver on growth that many have resorted to cooking the books, Ernst & Young says in its latest Fraud Survey published on Tuesday.
Read more: http://tinyurl.com/ceeslx6
The new U.S. $100 bill is set to debut in October. Along with a sleeker, more high-tech look, the new bill has new security features designed to thwart counterfeiters. For instance, the new $100 has color-shifting ink that would be difficult for counterfeiters to duplicate. The Liberty Bell on the note will shift from copper to green when the bill is tilted.
Read more: http://tinyurl.com/bv7cbbc
Alberta families and businesses are out almost $10 million this month due to a dicey investment scheme by a St. Albert company.
Optam Holdings Inc., an investment company based in St. Albert and owned by city resident Wade Closson, filed for bankruptcy April 2.
Read more: http://tinyurl.com/cazggx7
The slapstick comedy Identity Thief has been a hit with movie-goers. But in real life, identity theft is no laughing matter.
Ask Angela Beasley of Miami. When the single mother tried to file her tax return last year, it was rejected by the IRS because someone else already had submitted a return with her Social Security number.
Read more: http://tinyurl.com/c3zly4s
Arianna Hansen only meant to vent.
But when she went online to a community website designed for people to do just that — sharing a story of being ripped off by a landlord who took her money and ran — people not only offered support, but the money poured in.
Read more: http://tinyurl.com/bqhdsmz
March is Fraud Prevention Month. Canada Mortgage and Housing Corporation (CMHC) has consistently been a leader in the fight against mortgage fraud and offers the following tips to protect yourself against becoming a victim of mortgage fraud.
Read more: http://tinyurl.com/bso2cdd
Fraud happens more often in Lethbridge than some of its embarrassed victims would like to admit to city police – particularly “romance scams” that prey on lonely souls.
Read more: http://tinyurl.com/b7vgl23