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Protect Yourself from Car Theft and Timeshare Scams: A Guide from CBC’s Marketplace

Reading Time: 2 minutes

**Title: Beware of Stolen Cars, Time-Share Scams, and Financial Abuse: This Week’s Consumer and Health News**

In a week filled with alarming consumer and health news, Canadians are being warned about the risks of unknowingly purchasing stolen vehicles, falling victim to time-share scams orchestrated by Mexican drug cartels, and experiencing financial abuse through e-transfers. Here’s a roundup of the top stories you need to know:

**Stolen Cars on the Rise:**
Recent reports indicate that nearly one-third of stolen vehicles in Canada are being resold within the country, a significant increase from previous trends of exporting stolen cars. Criminals are now exploiting weaknesses in provincial registration systems, leaving unsuspecting buyers vulnerable to purchasing stolen vehicles. Derek Crocker’s experience with a used Ford F-150 highlights the dangers of cloned Vehicle Identification Numbers (VINs) and the importance of thorough inspections before making a purchase.

**Time-Share Scams by Mexican Cartels:**
Violent Mexican cartels have shifted their focus to time-share scams, targeting unsuspecting individuals like Rod Pratt and Diana Paquette. The couple fell victim to multiple fraudulent deals, losing over $200,000 to scammers posing as brokers and real estate agents. The involvement of cartels in these scams raises concerns about the safety of consumers in the real estate market.

**Financial Abuse Through E-Transfers:**
Survivors of intimate partner violence, like Emma Parsons, are speaking out about the misuse of e-transfers to harass and intimidate victims. While other countries have implemented measures to protect individuals from abusive messages on banking platforms, Canadian banks are being urged to do more to prevent financial abuse. The lack of specific actions from banks and Interac raises questions about the effectiveness of current safeguards.

As Canadians navigate these risks in the consumer and health sectors, it’s crucial to stay informed and vigilant against potential threats. Stay tuned for more updates on these developing stories and take precautions to protect yourself from falling victim to scams and abuse.

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