Please note that there is a hiring-related scam targeting Wealthsimple and potential candidates. This type of fraud is occurring through bogus websites, unsolicited emails, social media channels such as Skype, phone, and online job recruitment services such as LinkedIn and involves scammers impersonating our employees.
Please review any communications that appear to be from Wealthsimple carefully for signs of phishing. We only send recruiting emails from addresses that end in “@wealthsimple.com”, we only use Zoom for video communications and we use an industry-recognized background check provider.
- Please do not complete any paperwork (background checks, employment agreements, etc.), unless you have verified the identity of the Wealthsimple employee that is making the request.
- Wealthsimple will never ask for any form of payment or request you to purchase equipment.
- Please do not deposit any cheques issued by Wealthsimple if the reason why you have received the cheque is unclear.
General information on recruitment/hiring fraud
Recruitment/hiring fraud has been on the rise, and occurs when scammers target job seekers by listing jobs that do not exist. This type of fraud typically occurs through bogus websites, unsolicited emails, social media channels, phone, or online job boards/recruitment services.
The aim of the fraud is to mislead individuals into believing that they are applying for and/or obtaining employment from a reputable company in order for scammers to obtain their personal information or money. Company recruiter names and logos are often used to convey authority.
Signs of recruitment/hiring fraud
- Receipt of communications from domain names not affiliated with Wealthsimple. All emails sent from Wealthsimple have addresses ending in “@wealthsimple.com”. All other emails should be disregarded. Fraudulent emails are often sent with free email providers such as Gmail, Yahoo and Outlook, or emails domains similar to “@wealthsimple.com”.
- Requests for money transfers through cheques, wire transfers or other means. Wealthsimple will never ask for any form of payment, whether it’s for work visas, taxes, accommodation, equipment, background checks, travel expenses or otherwise. Being asked for money is the biggest indicator of fraudulent activity.
- Requests for personal information early in the process (i.e., prior to receiving and signing the job offer), such as your address, date of birth, passport information, driver’s licence, social security number, or banking details.
- Correspondences pushing the applicant to take action within short time frame, creating a sense of urgency.
- Communications and documents contains spelling mistakes and grammatical errors and are generally poorly formatted.
- Receiving an offer letter or being asked to complete a background check without submitting application materials or completing an interview.
How to protect yourself from recruitment/hiring fraud
- Always verify the email address of the sender. All emails sent from Wealthsimple have addresses ending in “@wealthsimple.com”.
- Contact your local police and provide them with all of the information that you have such as the fraudulent email, files attached to the fraudulent email and any other correspondences.
- Never send any money, even when told that the money will be refunded later. Wealthsimple never requests any form of payment during the recruitment process.
- Do not disclose any personal or financial information during the recruitment process.