With the gain in popularity of digital currencies comes the inevitable rise in digital currency fraud.

With the gain in popularity of digital currencies comes the inevitable rise in digital currency fraud. Do your due diligence and ensure that you have all the information you need before jumping into a bitcoin investment. Also be critical of anything involving digital currency that doesn’t seem right. If it sounds too good to be true, it probably is. https://www.theverge.com/2018/1/18/16905040/bitcoin-crash-cryptocurrency-value-ethereum-regulation

 

 

Ethereum Scam Database helps investors avoid cryptocurrency scammers

The Ethereum Scam Database is a useful tool that helps guide cryptocurrency investors away from scammers.  Since launching last year, they have identified a total of 2,627 scams including 246 active scams.  For more information on the scams identified visit https://etherscamdb.info/.

Professional Tenants with Criminal History Exposed

‘Professional Tenant’ with Criminal History Exposed – The Investigators with Diane Swain. This great show provides a great overview of the risks facing landlords and tips on how to protect yourself.

http://www.cbc.ca/news/professional-tenant-with-criminal-history-exposed-the-investigators-with-diana-swain-1.4408571

Exposing Fake Degrees

Marketplace just aired a great program on the fake degree industry and the extent to which FAKE DEGREES have become so widespread.  Don’t just believe the words on a resume, LinkedIn profile or a nicely framed certificate hanging on the wall.  Always check and know who you are dealing with!

http://www.cbc.ca/marketplace/episodes/2015-2016/fake-degrees-exposing-canadians-with-phoney-credentials

Is Canada a haven for Shell Companies?

Most people do not think of Canada as being a haven for shell companies and corporate tax-abusers however an investigative article recently published by the CBC and the Toronto Star and based on information found in the Panama Papers, finds that Canada is in fact a growing fertile ground for shell companies.
 
Shell companies can be used for many purposes – both legitimate and illegitimate. They can also be used to provide a certain legitimacy to a company that may otherwise have none. From a due diligence perspective, this concerns us.
 
I have recently had several international clients tell me that they do not need to conduct a comprehensive due diligence investigation on a company, simply because it is headquartered in Canada. This is a misconception that can lead to expensive consequences. A due diligence investigation on any company you do business with is always a good idea … no matter where they are located or how good they look on paper.