B2B - Keeping you in the know
$ down the
12m drain in 2 months
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Investment schemes
Investment schemes involve getting you or your business to part with money on the promise of a questionable financial opportunity .
Statistics ; In January and February 2017 alone there has been of 316 reports of Investment scams with 66 of those reports being in NSW . The total amount of funds lost in Australia is $ 4,663,354 with people between the ages of 45-64 being the most vulnerable target . 63.2 % of these reports were made by males , 36.3 % by females and 0.5 % by gender X .
Common investment schemes ; Investment cold calls : A scammer claiming to be a stock broker or portfolio manager calls you and offers financial or investments advice . Share promotions and hot tips : The scammer encourages you to buy shares in a company that they predict is about to increase in value . Investment seminars : Investment seminars are promoted by promising motivational speakers , investment experts , or selfmade millionaires who will give you expert advice on investing . Superannuation : Superannuation scams offer to give you early access to your super fund , often through a self-managed super fund or for a fee .
Dating & Romance
Scammers take advantage of people looking for romantic partners , often via dating websites , apps or social media by pretending to be prospective companions .
Statistics ; In January and February 2017 alone there has been 367 reports of dating & romance scams with 128 of those reports being in NSW . The total amount of funds lost in Australia is $ 3,864,772 with people between the ages of 45-54 being the most vulnerable target . 58.6 % of these reports were made by females , 39.8 % by males and 1.6 % by gender X .
How it works : Dating and romance scams often take place through online dating websites , but scammers may also use social media or email to make contact . They have even been known to telephone their victims as a first introduction . These scams are also known as ‘ catfishing ’. Scammers typically create fake online profiles designed to lure you in , once you both start talking , the scammers aim is to gain your trust enough so that you will eventually send them money . If you do send money , they will ask for more and will even result to blackmailing if you resist .
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Fake Charities
Scammers impersonate genuine charities and ask for donations or contact you claiming to collect money for relief efforts after natural disasters .
Statistics ; In January and February 2017 alone there has been 191 reports of Fake Charity scams with 60 of those reports being in NSW . The total amount of funds lost in Australia is $ 16,882 with people over the age of 65 being the most vulnerable target . 52 % of these reports were made by females , 48 % by males .
How it works : Fake charities try to take advantage of your generosity and compassion for others in need . Scammers will steal your money by posing as a genuine charity . Not only do these scams cost you money , they also divert much needed donations away from legitimate charities and causes . Fake charity approaches occur all year round and often take the form of a response to real disasters or emergencies , such as floods , cyclones , earthquakes and bushfire . Scammers will pose as either agents of legitimate well-known charities or create their own charity name .
Unexpected prize & lottery scams
Unexpected prize and lottery scams work by asking you to pay some sort of fee in order to claim your prize or winnings from a competition or lottery you never entered .
Statistics : In February 2017 alone there have been 822 reports of unexpected prize & lottery scams with 224 of those reports being in NSW . The total amount of funds lost in Australia is $ 48,235 with people over the age of 65 being the most vulnerable target . 55 % of these reports were made by females , 43.7 % by males and 1.3 % by gender X .
How it works : You will receive notification that you have won a lot of money or a fantastic prize in a competition , lottery or sweepstake that you don ’ t remember entering . The contact may come by mail , telephone , email , text message or social media . The prize you have ‘ won ’ could be anything from a tropical holiday to electronic equipment such as a laptop or a smartphone , or even money from an international lottery . To claim your prize , you will be asked to pay a fee . Scammers will often say these fees are for