Central Trust and Related Entities Perpetrating an Advance Fee Fraud
During an investigation recently conducted by Financial Services Commission of Ontario (FSCO), it was found that Central Trust and its related entities may have been involved in perpetrating a scam similar to what is commonly known as an Advance Fee Fraud (AFF). It appears that the entities used "Trust" and “Insurance” in their names in an attempt to defraud consumers. However, these entities are not registered to carry on business as a loan and trust corporation.
Warnings