FSCO issues warning over mail scam conducted by unlicensed insurance company

The Financial Services Commission of Ontario (FSCO) has issued a warning to consumers about a mail scam conducted involving an unlicensed insurance company called TD Insurance, Melohre Mannex.

“Although this company may have a similar name to a licensed insurance company, they are not registered or affiliated with FSCO or the Registered Insurance Brokers of Ontario (RIBO),” FSCO[1] said in a press release on Thursday, referring to TD Insurance Meloche Monnex.

The entity appears to have issued notices advising recipients that they are among the winners of a Home Phone Mega Sweepstakes Raffle. The company claims to be working on behalf of the North America Financial Clearing Services to find winners that have not claimed their winnings and to help them navigate the laws and protocols mandated by federal and state regulations on sweepstakes winnings, the release explained.

The company sends the recipient a cheque to help pay taxes, insurance, handling and shipping fees – and urges the recipient to contact the claims representative listed on the document to activate the cheque and start the claims process. This type of scam is commonly known as an advance fee fraud, FSCO warned, noting that the office addresses provided on the notices are often false locations.

“Consumers should exercise caution if they receive unsolicited correspondence advising of lottery, sweepstakes or raffle winnings, and are encouraged to forward copies of the materials received to the Canadian Anti-Fraud Centre[2],” FSCO said.

FSCO has issued several warnings of advance fee fraud scams in the past year. Last November, the regulator warned[3] insurers and consumers about a “mystery shopper scam” being conducted by an entity using the name of a legitimate U.S. mystery shopping company, A Closer Look/A Closer Look Inc., without authorization. The company sent out letters and cheques that appeared to be from Desjardins Financial Security – Desjardins Group’s life and health insurance branch – citing payment for a mystery shopper program for Western Union.

FSCO’s website contains a list of all insurance companies[4] and agents[5] licensed to do business in Ontario. RIBO’s website[6] contains a list of all brokers licensed to do business in Ontario.


  1. ^ FSCO (www.fsco.gov.on.ca)
  2. ^ Canadian Anti-Fraud Centre (www.antifraudcentre-centreantifraude.ca)
  3. ^ warned (www.canadianunderwriter.ca)
  4. ^ insurance companies (www.fsco.gov.on.ca)
  5. ^ agents (www5.fsco.gov.on.ca)
  6. ^ website (www.ribo.com)

Source URL: Read More
The public content above was dynamically discovered – by graded relevancy to this site’s keyword domain name. Such discovery was by systematic attempts to filter for “Creative Commons“ re-use licensing and/or by Press Release distributions. “Source URL” states the content’s owner and/or publisher. When possible, this site references the content above to generate its value-add, the dynamic sentimental analysis below, which allows us to research global sentiments across a multitude of topics related to this site’s specific keyword domain name. Additionally, when possible, this site references the content above to provide on-demand (multilingual) translations and/or to power its “Read Article to Me” feature, which reads the content aloud to visitors. Where applicable, this site also auto-generates a “References” section, which appends the content above by listing all mentioned links. Views expressed in the content above are solely those of the author(s). We do not endorse, offer to sell, promote, recommend, or, otherwise, make any statement about the content above. We reference the content above for your “reading” entertainment purposes only. Review “DMCA & Terms”, at the bottom of this site, for terms of your access and use as well as for applicable DMCA take-down request.

Acquire this Domain
You can acquire this site’s domain name! We have nurtured its online marketing value by systematically curating this site by the domain’s relevant keywords. Explore our content network – you can advertise on each or rent vs. buy the domain. Buy@TLDtraders.com | Skype: TLDtraders | +1 (475) BUY-NAME (289 – 6263). Thousands search by this site’s exact keyword domain name! Most are sent here because search engines often love the keyword. This domain can be your 24/7 lead generator! If you own it, you could capture a large amount of online traffic for your niche. Stop wasting money on ads. Instead, buy this domain to gain a long-term marketing asset. If you can’t afford to buy then you can rent the domain.

About Us
We are Internet Investors, Developers, and Franchisers – operating a content network of several thousand sites while federating 100+ eCommerce and SaaS startups. With our proprietary “inverted incubation” model, we leverage a portfolio of $100M in valued domains to impact online trends, traffic, and transactions. We use robotic process automation, machine learning, and other proprietary approaches to power our content network. Contact us to learn how we can help you with your online marketing and/or site maintenance.