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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...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."
Danny and Beryl thought they were investing in a 'sure thing'. They lost their hard-earned savings
Novice investors were convinced to place their hard-earned money in Greywolf, assured of life-changing riches. Instead, they became part of a trail of financial destruction.www.abc.net.au
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.
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.
Retirement plans in tatters after sophisticated scam takes hundreds of thousands in superannuation
A call centre in the Philippines is being investigated over multi-million-dollar superannuation scams that have seen a number of Australians lose their retirement savings.www.abc.net.au
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.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.
They keep on coming don't they ?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.
Fraudster who described older people’s super funds as ‘the ultimate jackpot’ pleads guilty
Jasmine Vella-Arpaci has admitted conspiracy to defraud and conspiring to deal in crime proceedswww.theguardian.com
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.
Really beyond belief how people keep falling for stuff like this.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)
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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.
Anthony met Michelle on Instagram. Their chat history shows how he was drained of $280,000
Anthony and a woman he'd met online messaged every day for months. Their chat history shows how scammers won his trust — and then drained his savings.www.abc.net.au
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.Really beyond belief how people keep falling for stuff like this.
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