CDIC Warns of Internet Investment Scam
The Canada Deposit Insurance Corporation (CDIC) advised North American investors and
depositors of an apparent internet fraud scam falsely involving CDIC that is currently underway. A person or group of
persons carrying on business as the Maryland Investments Club is offering cashable guaranteed investment
certificates called "digital investment certificates" for sale over the Internet. These certificates are purported to be
issued by MD Private Trust Company and are said to be held electronically and guaranteed in full, by the Canada
Deposit Insurance Corporation. This is not the case. The signature of CDIC's General Counsel, Gillian Strong, on any
Maryland Investments Club documentation is a forgery. The certificates falsely bear the Government of Canada
wordmark and the logo of the Canada Deposit Insurance Corporation. Read
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