Fraud Warning

Increasingly, the names of reputable financial institutions are used in fraudulent schemes.

One such scam involves the sending of fraudulent cheques bearing names of legitimate Canadian financial institutions to individuals outside of Canada informing them that they have won a sweepstake or lottery and asking them to pay withholding taxes, which are smaller than the amounts of the winnings on the cheques. The objective is to have the respondents cash the fraudulent cheques and make the requested payments. By the time the fraudulent cheques are detected by the cross-border banking system, respondents who have made the requested payments will have lost their monies. A variation of the scam is the sending of fraudulent cheques for bogus loans and credit lines to individuals, asking them to send back monies for loan processing fees.

If you feel you may have been a victim of this or a similar scheme, please contact your local police department or call Phone Busters at 1-888-495-8501.

We also would like to remind our clients, our intermediaries and the general public that Reeves Financial Services will never ask you to provide confidential information through regular email. If you receive an email that asks you to provide confidential information such as your Reeves Financial Services account numbers, PIN or password, do not respond and please notify us by sending an email to . Please also attach any suspicious emails that you received.

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