“I see that Canadians are target No. 1. I think it’s because law enforcement has made no real prosecutions of the scammers,” Alex told Radio-Canada from a secret location in Europe.

“I saw a lot of warnings from financial authorities in Canada, but no real prosecution. I think this makes an impression, for the scammers, that Canada is an easy target.”

According to the Canadian Anti-Fraud Centre (CAFC), more than $300 million was stolen from Canadians in investment scams in 2023 — nine times as much as in 2020. Half of these losses were linked to cryptocurrency scams.

The CAFC estimates that only five to 10 per cent of scam victims actually alert authorities.

Neoliberal governments the world over are withdrawing from any sort of social justice. They’re not doing proactive policies, but they’re not even reacting to things either with after-the-fact investigations and prosecutions. Just nothing.