Natural resource investment scams have been on the rise recently, and the Nova Scotia Securities Commission expects this trend to continue. These schemes involve investing in energy and precious metals and promise quick, high returns.
With climate change a hot topic in Canada and around the world, and volatile oil prices, the time is ripe. Scammers are leveraging the past year’s downturn in the markets to make these schemes even more attractive. Investors anxious to recover losses quickly likely will be hooked by oil and gas schemes, as well as fraudulent offerings of investments tied to natural gas, wind and solar energy, and the development of new energy-efficient technologies.
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Hi Natalie, thanks for stopping by my site. This is a nice design you have here. I hadn’t heard of these natural resource scams – wow.