A key job of a financial adviser is to warn clients from investments they should not be touching. One aspect of this is to highlight possible scams that seek to defraud investors.
News.com.au published an article on Saturday providing insights from the Australian Competition and Consumer Commission (ACCC) - Falling into the jaws of deceit.
Some of the more common scams around at present include:
"emails related to the deaths of Patrick Swayze and Michael Jackson, another offering non-existent prizes to Pink fans, a fake Visa Europe survey offering $50 in return for credit card details, and others offering jobs."
The first rule of thumb should always be - If it sounds too good to be true it probably is. But how do we know?
A website well worth a look every so often is the ACCC's SCAMwatch site. The sub-headings on their site listing possible scams include:
The site is well worth a look to help protect yourself against these scammers.