July News in April 2025, Issue #260

July Ono - Manager

OTBEC Group

july@otbec.com
6048302438
http://www.ocmi.ca

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GLITTERBOMB TRAP

 

This enlightening video by Mark Rober shows how he followed the money in this $20-Billion phone scam industry involving local law enforcement, Homeland Security, through 5 states, around the world. 

Mark shows how these scams operate, and why it is so lucrative for them.



SCAM-A-RAMA EPISODE 407

 

This 9-page lesson plan is from public tv Biz Kids on fun financial literacy

The 3 activities are designed as a family project starting with the 5 facts to never share with strangers.

Always cross-cut shred documents that contain sensitive information.

Do online shopping on secure "https://" sites.

Always reconcile your bank statements - this means check for unusual transactions that you don't recognize and challenge those charges.



HOSTING INTERNATIONAL STUDENTS

 

Many school districts offer elementary and and secondary school completion programs for international students.

For example, the Langley School District has been offering this program since 1989.

Homestay families play a crucial role in supporting international students.

If you host the student through a formal homestay program (organized by schools or educational institutions), the payments you receive are typically not considered taxable income.

The expectation is that you are providing a cultural exchange experience, including meals and family activities, and the payments are meant to offset your costs rather than generate profit.

Also, you cannot claim related expenses as deductions either.



PIANO SCAM

 

I hope your are doing well. I am following up to see if you had a chance to read my last message about my late husband's Yamaha piano. It holds great sentimental value, and I would love for it to go to someone who truly appreciates music. 

Would you or someone you know be interested in this? Please let me know, and I will be happy to share more details. Looking forward to your thoughts.  Best regards.

If you receive an email or text message like this, chances are that it's a piano scam.

I got this message on April 28th and forwarded it to the person who I thought sent it - didn't come from them.

Our church pastor responded to this message last year and realized it was a scam when they wanted $7,000 to ship the free piano



HACKING SCAMMERS

 

Mark Rober of CrunchLabs.com set up an elaborate mission to take down phone scammers defrauding the elderly of their savings.

He enlisted the aid of law enforcement and Interpol to identify and take out several phone scam rings in the United States and in India. 

Unbeknownst to the scammers, one of Mark's associates hacked into the scammer's CCTV and this is how they were able to access the master spreadsheet data.

There are 4 signs to spot a scam and what you can do to protect yourself from them.



HOMESTAY

 

Have you considered turning that spare bedroom into cash flow? 

Not to a regular tenant, per se, but to an international high school student.

Many school districts have a homestay program including the Canadian Homestay Network, and MLI Homestay.

Submit your application as a host family at The Custodian or at YES Canada or check out more information at the Canada Homestay Network

The student must be between 12 to 18 years old, and the homeowner must live in the residence. 



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