Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aliquam libero lectus, efficitur at accumsan maximus, accumsan quis erat. Quisque venenatis maximus lacus, at rutrum metus laoreet sit amet. Orci varius natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Aenean ut posuere eros, vel suscipit est. Sed non iaculis velit. Cras ornare turpis accumsan turpis elementum, eu eleifend magna finibus. Interdum et malesuada fames ac ante ipsum primis in faucibus. Vivamus dignissim arcu ac tellus consequat gravida. Aliquam vel urna nisl. Curabitur rhoncus condimentum nibh, sit amet varius odio. Donec ornare diam sit amet arcu volutpat, ac lacinia lorem aliquam. Nulla vel odio non arcu lacinia egestas. Etiam ipsum neque, facilisis vel faucibus accumsan, bibendum in lectus. Curabitur dolor lectus, tincidunt quis est a, iaculis dignissim sem.Etiam gravida cursus tellus ut rutrum. Aliquam fermentum facilisis libero. Etiam vel risus erat. In sed sem et sapien mattis tincidunt non at tortor. Integer nec tincidunt purus, vitae vestibulum justo. Donec lectus nisl, accumsan sed magna ac, egestas euismod nisl. Donec tellus felis, volutpat vel dictum a, efficitur eget nisl. Cras congue ex at enim interdum consequat. Nam condimentum ac nunc in lacinia. Suspendisse quis tellus venenatis, accumsan dui ut, luctus massa. Mauris ultrices ornare eros, vitae lacinia mi vehicula quis. Praesent ac diam id magna varius accumsan. Duis ut lectus nec neque aliquet congue ac at eros. Duis ut ultrices justo. Praesent bibendum suscipit diam in feugiat. Nunc aliquam felis in mauris bibendum mollis. Nulla pulvinar facilisis feugiat. Fusce interdum.
July 3, 2025
News
They are frauds that rob seniors not only of their money, but also of their security.
“Stealing their savings is like stealing their dignity,” Noha El Tanahi said. “Seniors are vulnerable. For them, wealth is health.”
El Tanahi heads TIES’ (The Immigrant Education Society) Settlement & Financial Literacy Programs. She’s heard a lot of sad stories about senior scams and elder financial abuse.
Not all of them, she said, involve strangers.
“Unfortunately, most of the scams come from the trusted one for seniors,” she pointed out. “The people they really trust.”
El Tanahi still wants seniors to trust their loved ones, but she also wants them to be financially aware.
TIES, along with the Alberta Securities Commission (ASC), recently hosted an event where seniors were taught how to recognize and avoid investment scams.
They learned how fraudsters follow trends and news, and most importantly how to spot that “too good to be true” opportunity.
“Each year many Canadians are drawn into online scams by AI (Artificial Intelligence) or the promise of quick financial gains or fixes,” ASC Director of Communications and Investor Education Hilary McMeekin said.
“In 2024, Canadians lost $310M to these kinds of investment scams.”
Jelica has not lost any money, but she knows others who have. She wants to be well-informed so that she isn’t one of them.
“I would like to get some information, some tips, how to prevent things,” the immigrant senior said.
“What should we do when somebody phones us and they are persisting and everything? What should we do? How to learn how to be more like strong — say no.”
“There is a scam everywhere,” senior Najmus said.
“Investment and financial security is important always, to safeguard my money after my investment.”
“It’s their golden years,” El Tanahi added. “They deserve their peace of mind.”
TIES has several financial literacy programs available, at no cost, for immigrant seniors and other vulnerable Canadians.
The ASC has a website which allows you to “check first” to verify if investors are legitimate.
Media RSVP, Interviews & Inquiries:
Tomasia DaSilva
Media and Relationship Strategist
Email: tomasiadasilva@immigrant-education.ca
Phone: 403-291-0002
Get involved with TIES on our social media platforms.
Leave a Comment