The Alberta Securities Commission (ASC) issued a public warning about crypto investment scams, highlighting a recently reported social media and internet-promoted scheme called CanCap. The ASC said the suspected scam uses false endorsements and fabricated media content to appear legitimate. The alert flagged purported links to the Government of Alberta and a fake CBC news article featuring an image of Prime Minister Justin Trudeau, and associated the CanCap scheme with ecosmartfunds.com, heepstekk.com, primeinvests.eu, muxcap.io, webtrader.springhill.top and traderboltai.com. Neither CanCap nor any person or company connected to these sites is registered in Canada to sell investments or provide investment advice, and the ASC cautioned that the scam should not be confused with CanCap Group. The ASC also set out common warning signs, including use of recognizable company names, false public figure endorsements, fake news articles, exploitation of current events, and unrealistic return claims, and directed investors to CheckFirst.ca to verify registration status and review Canadian Securities Administrators investor alerts, disciplined lists and cease trade orders.

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