Saskatchewan Premier Scott Moe took to social media on Friday to warn people his image was being used by online scammers.
The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) also warned people in a news release on Friday about the impersonation scam on social media that was using fake news articles claiming that Moe is endorsing the cryptocurrency trading platforms CanCap and BitCan.
Apparently, some online scammers are using my photo, as well as photos of other public figures, to promote their crypto scam. Please don’t fall for this. You will never see me endorsing crypto or any specific investment. pic.twitter.com/BzteVnUXC8
— Scott Moe (@PremierScottMoe) March 14, 2025
The FCAA said that CanCap and BitCan are not registered with the organization to trade or sell securities or derivatives in Saskatchewan and they may not be legitimate businesses.
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The FCAA added that the scam companies should not be confused with CanCap Group, a privately-owned Canadian financial services company.
They said that anyone who has invested with CanCap or BitCan, or anyone claiming to be acting on their behalf, should contact the FCAA’s Securities Division at 306-787-5936.
FCAA said that both individuals and companies need to be registered with them to trade or sell securities or derivatives to ensure that only honest and knowledgeable people are registered to sell securities and derivatives and that their businesses are financially stable.
They offered the following tips for investors to protect themselves:
- Always verify that the person or company is registered in Saskatchewan to sell or advise about securities or derivatives. To check registration, visit The Canadian Securities Administrators’ national registration search at aretheyregistered.ca.
- Know exactly what you are investing in. Make sure you understand how the investment, product, or service works.
- Get a second opinion and seek professional advice about the investment.
- Do not allow unknown or unverified individuals to remotely access your computer.
People who think they may have been a victim of fraud should contact The Canadian Anti-Fraud Centre, which collects information on fraud and identity theft, and their local police service.
The centre says that in 2024 there were 34,621 victims of fraud in Canada, with $638 million lost.
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