I read about lots of scams in BC where mostly seniors get tricked out of tens or even hundreds of thousands of dollars.
This whole digital finance system is a just a 'wealth redistribution scheme" at its core and even the banks are playing at it.
For example, the max I can withdraw at a bank machine is $1K, yet the big Canadian banks allow between $50K and $100K a day (!) in irretrievable Global Money Transfers and with NO WAY DECLINE or TO LOWER THAT LIMIT. I've talked to people in the government about this and its massive fraud implications, but due to no current regulations on this type of transfer, their hands are tied and the Canadian banks could up that limit to a billion dollars a day, and no one could lift a finger.
The Canadian banks are willingly opening the door to massive international fraud on their Canadian consumers and are not even allowing us to decline the option or decrease our risk limit. I can change my bank withdrawal limit and my credit card limit, decrease my overall withdrawal limit, and delete options on my debit and credit cards, but these Global Money Transfers are hardlocked as active with insane limits of between $50K-100K - why? If not to freely allow mass fraud, why?
I know my bank allows $75K a day and it's $%@#& maddening talking to these morons, who clearly want all my money stolen by Nigerian scam artists.
Due to the clear and obvious dangers, Global Money Transfers are the scariest thing in the world to me, and are obviously the top choice of 3rd world scammers. That's where and how all the big money scams take place in Canada.