New Brunswickers are being warned about an Internet dating investment scam originating in Ghana. A New Brunswick resident has fallen victim to this type of scheme, which involved worthless gold certificates. The New Brunswick Securities Commission issued the warning Wednesday.


NBSC staff became aware of the situation because of the alert actions of a bank employee. The employee suspected a fraud when the resident tried to make a large withdrawal. The employee recommended that the resident contact the NBSC to investigate.

“This person became a victim of a prevalent Internet dating investment scheme,” says Rick Hancox, executive director, NBSC. “Unfortunately, the victim was scammed out of thousands of dollars. The bank employee’s quick thinking prevented the victim from losing any more money.”

Internet scams evolve continuously, and anyone who has money is at risk, the regulator says. This particular scheme is very personal in nature. It begins with contact by way of a dating website; a relationship develops; and requests for money ensue, increasing in value over time.

This scheme involved securities. Certificates for gold were issued purporting that it was the only way to export gold from Ghana. This West African country is known for its gold reserves.

Examples of the certificates are available on the NBSC website.

“A successful con artist does everything to gain your trust and becomes skilled at manipulating your emotions,” says Hancox. “It is important to keep in mind that persons you meet online might not be who they say they are. You might be dealing with persons using false identities to get your money.”

IE