Fraud Warning:

The names of reputable financial services companies in Canada and the United States are being used for fraudulent purposes.

One such scam involves the placement of classified ads in local newspapers, which offer personal loans, small business loans, mortgages and automobile loans at very low interest rates.

Individuals are encouraged to contact a toll-free number in Toronto. When this number is called, the individual is offered a low interest loan on the condition that an advance deposit or processing fee is sent via wire transfer. The names Sun Life Financial, Sun Life and Sun Life Trust are being used to legitimize the scam. Respondents who advance funds do not receive legitimate loan offers or funds.

Please be aware that these offers are fraudulent. Sun Life Financial is working with regulatory and police authorities to investigate this scam.

If you feel you may have been a victim of this or a similar scheme, please contact your local police department or call Phone Busters at 1-888-495-8501.