Deborah Klein of Ottawa says she lost $100,000 after she thought she purchased a safe and guaranteed investment option online. It turned out, the GIC was a scam.
Deborah Klein thought she bought a safe and guaranteed investment through an online site, but as it turns out, it was an elaborate scam.
"This GIC came up for Canada Life," Klein says. "Everybody knows Canada Life, it has been around for ages. I was in finance and I remember doing payrolls with benefits and everything." To Klein, this all seemed legitimate. She says she researched the company and saw it had recently purchased an Ireland-based firm. That made sense to her because the representatives she spoke with had an Irish accent.
In a statement, a spokesperson with Canada Life said that the company is aware of this incident and are deeply troubled by the distress it has caused.
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