In support of Fraud Prevention Month, the British Columbia Securities Commission (BCSC) today surprised Victoria residents with a spontaneous live musical performance highlighting the dangers of investment fraud.

Advertised only as a free coffee and tea giveaway at Murchie’s Tea & Coffee courtesy of the BCSC, patrons were surprised by a performance of “Be Fraud Aware: The Musical” – a two minute song about how to protect yourself from investment fraud, performed live in the teashop.

“We want people to remember the warning signs of fraud, as well as some other actions they can take to protect their hard-earned savings, and a song is a fun way to do that,” said Pamela McDonald, Director of Communications and Education for the BCSC.

“Be Fraud Aware, The Musical” also included a surprise appearance by Mark Donnelly, Canadian anthem singer for the Vancouver Canucks.

“We chose Victoria because of the prevalence of retirees and pre-retirees, two demographics that are especially vulnerable to fraud,” added McDonald. “The BCSC sees the devastating impact caused by investment fraud up close, and our Be Fraud Aware campaign is designed to raise awareness and empower the public to recognize, reject and report it.”

Visit BCSC InvestRight’s Fraud Prevention Month landing page at BeFraudAware.ca/fpm to become a smarter investor by learning to fraud proof yourself. On the customized page, you will find the Smarter Investor Quiz, the Fraudster Fighter Toolkit, Fraudster Exposed videos, and Spot Investment Scams checklists available for download. 

Suggested Reading

Ponzi Scheme: Investment Scam

Investor Watch: Fraudsters prey on ‘father knows best’ attitude toward investing,

Being proactive is key in preventing investor fraud

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