The New Face of Crypto Fraud: Fake AI Trading Bots and Fake Investment Advisors

In the past, Canadians fell victim to Ponzi schemes and fake exchanges. Today, scammers exploit the hype around “AI-powered trading bots,” using powerful images and names like Elon Musk and Bitcoin logos to lure victims. These bots are just bait to get you to deposit. After that, fake investment advisors step in to build trust and encourage you to invest even more in these crypto and investment scams. Scammers often let victims withdraw a small amount, calling it “profits,” but this is just a portion of the original deposit returned to fake earnings. No real profits exist — it’s all a scam designed to build trust and keep victims investing before the scammers disappear with the larger sums.

How These Scams Typically Work

Scammers promise passive income with AI trading bots that supposedly trade crypto 24/7 and beat human investors. They show fake profit dashboards to build trust, making you believe you’re earning high returns. But when you try to withdraw, they refuse, ask for extra fees, disappear with your money, or cut all contact.

Beware of Fake “Investment Advisors” Assigned After Registration

After registering on a trading app, you might be assigned an “investment advisor”:

• Their role is to build trust, not provide genuine advice
• They encourage larger deposits and promise high returns
• Scams usually emerge when you try to withdraw funds
• Real advisors don’t cold-call or pressure without proper licensing
• Stay cautious and verify credentials before trusting anyone

Common Red Flags to Watch For

• Guaranteed returns — No legitimate investment can guarantee profits, especially in the volatile world of crypto.
• No transparency — Real investment firms in Canada are registered and regulated. These scam platforms often hide their team, location, or registration status.
• Pressure tactics — Scammers may urge you to “act fast” before you miss out, creating false urgency.
• Unverifiable technology — Ask yourself: If the bot is so successful, why isn’t it publicly audited or reviewed by any Canadian financial authority?

Never pay upfront fees to unlock or withdraw your money. Scammers use this to block withdrawals.

Report suspicious platforms to the Canadian Anti-Fraud Centre to help protect yourself and others.

Why These Scams Target Canadians

More Canadians are turning to online investment platforms, hoping to benefit from financial markets. But weak protections make scams easy. Fraudsters show fake profits, then demand fees. In 2023, over $300M was lost to investment fraud. Only $61M has been recovered — $9M by United Asset Protection INC.

✅ Check companies on Corporations Canada
❌ Don’t trust guaranteed profits
❌ Never pay upfront fees
📢 Report scams

Real-Life Examples of Investment Scams in Canada

Many Canadians have been targeted by sophisticated investment scams involving fake trading platforms and fraudulent advisors. For example, in 2022, a Vancouver investor lost $50,000 after being lured by promises of high returns through an online trading app. The scam allowed the victim to withdraw a small portion initially, falsely labeled as profits, to build trust before disappearing with the full amount.

Similarly, in Ontario, several retirees paid thousands in upfront fees to access supposed earnings, only to find the platform was a scam designed to withhold withdrawals. These cases reflect a growing trend of scammers exploiting the desire to benefit from financial markets with fake AI bots and misleading advisors.

What You Can Do to Protect Yourself

• Verify the company before investing by checking Corporations Canada’s database — the official source for federally registered corporations.
• Be cautious of guaranteed profits. Real investments always carry risk. If it sounds too good to be true, it probably is.
• Report scams to the Canadian Anti-Fraud Centre or contact United Asset Protection INC. or another licensed and regulated asset recovery firm in Canada for help.

Note: Licensed recovery firms in Canada often act faster and recover more than government agencies, which face delays due to limited resources and high case volumes.

Why Trust United Asset Protection INC. with Your Fund Recovery?

United Asset Protection INC. is a well-established, fully registered Canadian firm (Corp. No. 862381-3) with experience assisting clients across Canada, the UK, and the US.

We have a strong track record of recovering millions for Canadians, focusing on delivering meaningful results rather than just numbers.

Our transparent, no recovery – no fee approach ensures you only pay if we successfully recover your funds, aligning our efforts with your best interests.

By choosing United Asset Protection INC., you work with a licensed, professional team committed to protecting your rights and providing a clear, reliable path to recovering your lost assets.