Australian (ASX) Stock Market Forum

Scams, whose fault?

Stories and scams of the 21st Century.

Anti-vaxxer Canadian ranch retreat has lassoed my £2,000

I deferred my holiday because of lockdown but now the owner refuses to accept vaccinated guests – and has kept my money
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Our correspondent hoped to ‘hang out with horses’ but was denied by lockdown. Photograph: James Caldwell/Alamy

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Anna Tims
Thu 26 May 2022 07.00 BSTLast modified on Thu 26 May 2022 07.18 BST


Before the pandemic, I booked a £2,000 retreat, hanging out with horses on a Canadian ranch, for May 2020. When lockdowns began, the ranch informed customers that no refunds would be given but that bookings would be honoured when they were ready and able to travel again. I knew they were a small family business so I accepted that. Now I’ve received a newsletter stating that vaccinated customers are not welcome as the vaccine could transfer to the animals. The ranch owner declares that we will not receive refunds because the business is “nearly bankrupt” and suggests we sell our holiday to someone unvaccinated.
JW York
The Equinisity ranch in British Colombia promises a “full immersion” experience with horses that will “change your life forever” because “clearing old energies, opening hearts, and connecting us to one consciousness and higher guidance is what the horses do best”. It’s a new-age utopia of equine “spirit lodges” and “liberty play”. The trouble is, there’s no place for Covid protocols or consumer law. The owner, Liz Mitten Ryan, reckons the vaccine is a “bioweapon designed to reduce the population of the unaware and compliant”. She is, she says, awaiting the “great awakening” when “good will overtake evil”. In the meantime, she is unrepentant about pocketing the cash of the customers she’s banned. “My business has been illegally shut down for two years by government mandates,” she told me. “We definitely don’t accept people who have succumbed to the bioweapon depopulation tool and can shed on our sacred land and animals.”

She repeated her suggestion that you find an unvaccinated person and sell your trip to them. As for how they would cross the border into Canada, where tourists must be fully vaccinated, Mitten Ryan says: “We are encouraging the unvaxed to take advantage of fake vax cards and doctors’ notes of exemption.”

Mitten Ryan is entitled to her views on vaccines, but not to ride roughshod over consumer rights. I got in touch with the consumer regulator in British Colombia, Consumer Protection BC, which said that it would consider unresolved complaints about breaches of a consumer contract, although it warned your case was complicated by the fact that you accepted an open-ended deferral. As you paid by debit card you are not protected by section 75 of the Consumer Credit Act, which holds the card issuer jointly liable for a breach of contract. There is a voluntary chargeback scheme for debit-card transactions, but as you paid more than 540 days ago you are out of time to make a claim. The Canadian regulator seems your only hope.

 
They are getting very clever. Hope these guys don't get to Oz.. Check out the response

Scammers took £20,000 of my wedding savings but Revolut won’t pay me back

I’m young and clued-up but even I was the victim of a sophisticated con – and now the bank says I can’t have a refund
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Revolut is adamant that its security processes are adequate. It is not a signatory to an industry compensation scheme. Photograph: Dado Ruvić/Reuters

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Anna Tims
Wed 10 Aug 2022 07.00 BSTLast modified on Wed 10 Aug 2022 14.56 BST

https://www.theguardian.com/money/2...savings-but-revolut-wont-pay-me-back#comments
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I don’t recognise myself in the media portrayal of vulnerable scam victims. I am a 33-year-old professional with no health problems. I have worked on projects to do with scam awareness, and I didn’t think it would happen to me. I didn’t realise it was a scam when people pretending to be from my bank, Revolut, called me up, used social engineering to get me into a total panic, and tricked me into transferring £20,000 of my savings for my upcoming wedding.

It began with two texts, purportedly from Hermes and six days apart, requiring two £1.50 admin fees to reschedule two missed deliveries. Since I was expecting a Hermes delivery of a sofa, I wasn’t suspicious, and I used the link to pay the two fees with my Revolut and Nationwide debit cards.

Three days later I was called by an agent claiming to be from Revolut, who told me my account had been compromised by a phishing attack. I was then contacted by a caller who said they were from Nationwide. I checked the phone number on Google and it appeared to be genuine. I was told I was being transferred to the “national fraud agency” and given a case number. Eventually, with plausible explanations, they persuaded me to move £20,000 from my Nationwide to my Revolut account, and then to another newly opened account in my name. Several generic scam alerts did pop up on the Revolut app, but the caller reassured me it was because it was a new account. At this point I was crying, but I was so caught up in trying to escape the first phishing scam and the belief that they were helping me that I did what they said. By the time I realised I had been scammed, the money was gone. Revolut is refusing to reimburse me, despite the fact that the transfer was out of character. The irony is that it was because the money was for my wedding that I was so eager to protect it.
AB, Birmingham

 
This is becoming a popular scam in Australia. If you are an older person with adult children travelling beware.

 
It never fails to astound me people still fall for this.

"It may sound like an unlikely hunting ground, but a coastal bowling club full of cash-strapped seniors was the perfect place for Greywolf to find seed investors.

The pensioners there were inexperienced with the stock market and financially vulnerable, anxious to ensure comfort and safety in old age."

 
It never fails to astound me people still fall for this.

"It may sound like an unlikely hunting ground, but a coastal bowling club full of cash-strapped seniors was the perfect place for Greywolf to find seed investors.

The pensioners there were inexperienced with the stock market and financially vulnerable, anxious to ensure comfort and safety in old age."

It is a real blow when the victims are older and have little chance of recovering, it does go back to the old saying, if sounds too good to be true...
As is shown over and over again, not all people are nice, just because they present that persona and as we say on the forum do your own research.
 
It is a real blow when the victims are older and have little chance of recovering, it does go back to the old saying, if sounds too good to be true...
As is shown over and over again, not all people are nice, just because they present that persona and as we say on the forum do your own research.

It's heart wrenching I agree. Unfortunately there is no way of stopping it. You can put ads in papers, TV, radio or any other media warning never to take up these "offers" but it wont work.

The scum can always get around it and convince some it's the best deal of their lives.
 
It's heart wrenching I agree. Unfortunately there is no way of stopping it. You can put ads in papers, TV, radio or any other media warning never to take up these "offers" but it wont work.

The scum can always get around it and convince some it's the best deal of their lives.

Schools should teach more than maths and science (if they even do that) I reckon.

Maybe they should teach more about life and some of the people in it.
 
I think we tend to expect too much from the school system to solve issues. In any case, that was not the group which was targetted. Without diminishing the impact on them, they did have various life experiences but it didn't help them.
 
Identity theft scams are in the news with millions of people who have had their critical identity information stolen and sold.

But what can happen when someone steals your name ? Check this story.

As a victim of identity theft, I know just how quickly it can happen – and how hard it is to fix​

Martha Bedggood

My identity was stolen years ago but it’s a nightmare that affects me to this day. Here’s what millions of Optus customers could face

 
Another very sophisticated investment scam targetting retirees with large lump sums.
Check out the story because the attention to detail and subtlety makes it and similar schemes very dangerous.

Interestingly enough this scam was rumbled by an independent Australian cyber-crime investigator Ken Gamble. He travelled to Manila on behalf of Australian victims, who hired him to track down the people allegedly involved in the elaborate scams.

 
Another very sophisticated investment scam targetting retirees with large lump sums.
Check out the story because the attention to detail and subtlety makes it and similar schemes very dangerous.

Interestingly enough this scam was rumbled by an independent Australian cyber-crime investigator Ken Gamble. He travelled to Manila on behalf of Australian victims, who hired him to track down the people allegedly involved in the elaborate scams.


Big warning flag "received a call from".

When will people learn not to respond to unsolicited phone calls pretending to be marketing great products ?

DYOR and then contact reputable firms yourself, never reply to unsolicited contacts.
 
Big warning flag "received a call from".

When will people learn not to respond to unsolicited phone calls pretending to be marketing great products ?

DYOR and then contact reputable firms yourself, never reply to unsolicited contacts.
I take your point Rumpy but the full story does have a very convincing ring. More importantly the background checks on the companies indicated they were honest. For all intents and purposes people legitimately believed they were dealing with an AMP subsidiary company.

As far as not responding to unsolicted phone calls ? Overall I can understand that. However plenty of "legit" financial planners do cold calling to bring in new clients. Again the pitch was very clever. Not too fast. Didn't promise the world. Just opened up a conversation about a US investment fund that could offer a few per cent better returns.

Also about contacting "reputable" firms. On of the most successful scams around involves setting up ads on Google and effectively impersonating reputable firms to help people with computer problems. You ring up a 1300 number that seems to the number of a big name company but it is routed to the scammers call centre. I saw this story on an extended expose highlighted on another ASF thread.

 
This is more outright fraud and theft than scam. Be interesting know if there are more fraud victims than the o0nes currently identified. Something to be aware of

She pleaded guilty on Wednesday to two charges of conspiracy to defraud over separate superannuation and share trading frauds, and to conspiring to deal in proceeds of crime.

She and co-conspirators traded identification documents on the dark web, and created phishing websites and Google ads purporting to be login sites for superannuation funds, with the intention of obtaining member login details.

They opened bank accounts using stolen identification documents and then gained access to superannuation and share trading accounts, withdrawing funds and depositing them in the newly opened accounts.

Contact details were changed to leave victims in the dark.

Debit cards for the new accounts were sent to false addresses and to co-conspirators in Hong Kong, where people were recruited to use them to launder the proceeds.

 
This is more outright fraud and theft than scam. Be interesting know if there are more fraud victims than the o0nes currently identified. Something to be aware of

She pleaded guilty on Wednesday to two charges of conspiracy to defraud over separate superannuation and share trading frauds, and to conspiring to deal in proceeds of crime.

She and co-conspirators traded identification documents on the dark web, and created phishing websites and Google ads purporting to be login sites for superannuation funds, with the intention of obtaining member login details.

They opened bank accounts using stolen identification documents and then gained access to superannuation and share trading accounts, withdrawing funds and depositing them in the newly opened accounts.

Contact details were changed to leave victims in the dark.

Debit cards for the new accounts were sent to false addresses and to co-conspirators in Hong Kong, where people were recruited to use them to launder the proceeds.

They keep on coming don't they ?
 
Facebook assisting scammers by hosting their ads.

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That's right, your $250 "investement" in Tesla's (or is that Tesler's?) new electronic currency will be worth $47,500 in just four weeks!

Amazing that these scam ads are approved by Facebook, especially given that they are shamelessly using the name of one of the world's most well known companies in their ads. Facebook must be hard up for ad revenue.
 
Facebook assisting scammers by hosting their ads.

View attachment 147784

That's right, your $250 "investement" in Tesla's (or is that Tesler's?) new electronic currency will be worth $47,500 in just four weeks!

Amazing that these scam ads are approved by Facebook, especially given that they are shamelessly using the name of one of the world's most well known companies in their ads. Facebook must be hard up for ad revenue.

Completely irresponsible by Facebook, and they should be subject to legal actions for promoting false schemes.
 
I think this Dave Mitchell article from 2018 sums it up https://www.theguardian.com/commentisfree/2018/nov/25/identity-theft-is-daylight-robbery-banks

Also



All that said, just wanted to post this anecdote in case it helps anyone.

I was getting SO MANY scam calls from 03 (Victoria) area code. But after watching the hilarious videos on


what I started doing is answering the phone as either a confused boomer or an officer of the Australian Federal Police...haven't had a scam call in about a month!
 
Very clever scam detailed on the ABC website. A long con with a deft light touch. Expertly scripted .

Anthony messaged with 'Michelle' every day for months. He was being drained of his savings in an elaborate 'pig butchering' scam

triple j Hack
/ By James Purtill
Posted 9h ago9 hours ago
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"Michelle" and Anthony regularly exchanged selfies as the scammers patiently won their target's trust.(Supplied: Anthony)
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Her name was Michelle. She lived in Hong Kong, ran her own business, travelled frequently, and had parents in Wollongong.
She had dyed silvery blonde hair and hazel eyes. She wore a small cross-shaped pendant. She liked cooking, exercising and reading.
She'd been single for three years.
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A photo Michelle sent Anthony.(Supplied: Anthony)
Anthony met her in November 2021, when she messaged his Instagram to compliment his landscape photos. Soon Michelle and the 48-year-old single dad from Sydney were flirting on WhatsApp.

Michelle never existed — she was a persona created by a criminal syndicate, probably located in south-east Asia. Her handlers were shift workers operating from a "boiler room" and basing their conversations on a script expertly designed to manipulate.

For the next two months, they messaged every day. He sent photos setting up the Christmas tree with his daughter. She sent gym selfies. He sent beach pics. Often they exchanged photos of their evening meals. Their messages added up to tens of thousands of words.

 
Very clever scam detailed on the ABC website. A long con with a deft light touch. Expertly scripted .

Anthony messaged with 'Michelle' every day for months. He was being drained of his savings in an elaborate 'pig butchering' scam

triple j Hack
/ By James Purtill
Posted 9h ago9 hours ago
View attachment 148927
"Michelle" and Anthony regularly exchanged selfies as the scammers patiently won their target's trust.(Supplied: Anthony)
Share this article

Her name was Michelle. She lived in Hong Kong, ran her own business, travelled frequently, and had parents in Wollongong.
She had dyed silvery blonde hair and hazel eyes. She wore a small cross-shaped pendant. She liked cooking, exercising and reading.
She'd been single for three years.
View attachment 148928
A photo Michelle sent Anthony.(Supplied: Anthony)
Anthony met her in November 2021, when she messaged his Instagram to compliment his landscape photos. Soon Michelle and the 48-year-old single dad from Sydney were flirting on WhatsApp.

Michelle never existed — she was a persona created by a criminal syndicate, probably located in south-east Asia. Her handlers were shift workers operating from a "boiler room" and basing their conversations on a script expertly designed to manipulate.

For the next two months, they messaged every day. He sent photos setting up the Christmas tree with his daughter. She sent gym selfies. He sent beach pics. Often they exchanged photos of their evening meals. Their messages added up to tens of thousands of words.

Really beyond belief how people keep falling for stuff like this.
 
Really beyond belief how people keep falling for stuff like this.
Maybe... . Honestly Rumpy the care that is taken with this sting is elite. If you read the entire story you will have noted how engaging the "woman" was with developing the relationship and how subtly the introduction to the investment was made. It was just an offhand comment that was let hanging attracted interest.

On the topic of cons I became interested in one of the iconic English conmen on the 1950's and 60's. He was Ronnie Cornwell. You may not have heard of him but he was the noted spy writer John Le Carres father and had an overwhelming impact on John's life. (John Le Carres real name was David Cornwell. He had to use a pseudonym when he started writing becasue he was a MI 5 agent.)

There is a brilliant story in the New Yorker on David Cornwell. A looooong read but a real education IMV on the dangerous skill of sociopathic liars and fantasists .
If you are interested in the writing of John Le Carre there is an excellent extract from his memoir The Pigeon Tunnel.

 
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