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2 June 2020

News

Beware of COVID-19 Financial Fraud

One thing is for sure, the current COVID-19 pandemic has shone a light on some of the incredible work Canadians are continuing to do to help others in need, from dedicating their time to hand-sew masks to financially helping others who are falling behind.

Unfortunately, it has also unleashed a plethora of new financial scams designed to get your personal information to commit fraud with and to steal your money.

Globally, there is a huge increase in fraud using COVID-19 as the cover, and Canada is no exception. The Canadian Anti-Fraud Centre has released a list* of reported financial fraud so that you can keep yourself fraud-free.

Here’s what to look out for:

• Cleaning companies offering duct cleaning services or air filters to protect from COVID-19

• Hydro/electrical power companies threatening to disconnect your power for non-payment

• Centers for Disease Control and Prevention or the World Health Organization offering fake lists for sale of COVID-19 infected people in your neighbourhood

• Public Health Agency of Canada giving false results saying you have been tested positive for COVID-19 and tricking you into confirming your health card and credit card numbers for a prescription

• Red Cross and other known charities offering free medical products for a donation

• Government departments tricking you to reveal sensitive personal and financial details

• Financial advisors pressuring people to invest in hot new stocks related to the disease

• High-priced or low-quality products purchased in bulk by consumers and resold for profit

• Questionable offers such as miracle cures

• Fake and deceptive online ads, including cleaning products and hand sanitizers

It’s important that you make a point of keeping up to date about the various scams so you can better protect yourself and loved ones from falling prey.

*List updated April 9th.


LendCare to be acquired by goeasy Ltd.

LendCare to be acquired by goeasy Ltd.


On April 12, 2021, we announced that LendCare has entered into an agreement to be acquired by goeasy Ltd. goeasy is one of Canada’s leading providers of non-prime leasing and lending services offering a wide variety of financial products that help put Canadians on a path to a better financial future.


We are excited about what this strategic acquisition means for LendCare, our employees, customers and our partners. We will continue to build on the incredible growth we have achieved to date and accelerate our growth strategy as goeasy makes investments in the LendCare business.


LendCare will continue to operate as it does today, so there are no changes to how you work with us. Our existing leadership team will remain in place and you will continue to work with the team as you always have, business as usual. Our teams will continue to provide the high level of support you are used to receiving.


Read more about this announcement.