Police Commissioner warns against off-shore ‘cold-call’ investment scams

The Australian Crime Commission (ACC Board) today urged Australians to protect themselves against the growing threat of serious and organised fraudulent investment schemes. The NSW Police Commissioner Andrew Scipione, is warning investors to be aware of off-shore ‘cold-call’ investment scams that are costing Australian’s millions of dollars in superannuation and retirement savings. The NSW Police Force has joined with the Australian Crime Commission to warn investors of these highly elaborate investment scams. Led by the Australian Crime Commission, the Task Force comprises law enforcement regulatory and service delivery agencies across Federal, State and Territory governments. The NSW Police Force will continue to work in joint-partnership under this Task Force, and is committed to equipping members of the public with prevention strategies to guard against this type of crime. Since 2007, at least 650 people have fallen victim in NSW, and more than 2400 people across Australia, with a total loss of over million. Police understand however that many more have not yet been reported. These scams emanates from overseas, mainly parts of South East Asia and involves highly-organised criminal groups targeting Australian Investors via unsolicited phone calls. NSW Police Commissioner Andrew Scipione said, “The offenders pose as legitimate investment experts, offering ‘an opportunity of a lifetime’, and encouraging people to ‘get-in-quick’. “Criminals are preying on the …
Video Rating: 5 / 5