Scamwatch is warning the Australian community to be wary about investment scams, with statistics revealing Australians are collectively losing $4.3 million a month to these scams.
Scammers swindled nearly $4.7 million from Australian businesses in 2017 according to the ACCC’s latest Targeting scams report – a 23 per cent increase compared to 2016.
The ACCC is warning the community to watch out for investment scammers who promise the world but leave their victims with broken dreams and empty bank accounts.
Scamwatch is warning investors to beware of binary trading scams that lure you in with the opportunity to make money through asset price movement. So far this year Australians have lost $3 million to these scammers.
A national campaign has been launched by consumer regulators around Australia to warn potential property investors about property spruikers who claim to be ‘wealth creators’ but are really just in it for themselves.
With tax time in full swing, Scamwatch is again urging consumers and small businesses to be aware of scammers taking advantage of the busy nature of tax time to target you.
This Fraud Week, the Australian Competition and Consumer Commission is urging Indigenous consumers to be wary of requests over the internet for personal information.
