'I felt sick': Inside the 'sophisticated' investment scam that tricked Tony into handing over $200,000 Read this and thought, wow!! Fancy that happened to anyone after age 50. What is safe investment nowadays?
It’s not about “bonds” though is it. It’s a straight up social engineering scam. There was never a bond investment to begin with.
Yep, that's my point. His chosen type of investment is Bond, something he is not familiar with at all. Could have been a boat, a piece or land or something else...... Still sad.
But that's most investors would do (I assume) when their existing portfolios are not doing well - look for a different option. I recall recently there was a post on PC a retired lady discussing her investment plan post retirement. Just that too much online services makes it difficult to identify the scam. I suppose if Tony went into a JP Morgan office in town the outcome would be different? Of course someone can still set up an office exactly as a JP Morgan branch...
He did the right thing - tried calling JPM on a public number and got bounced around. Unfortunately, JPM themselves contributed to the problem by not taking this guy's call seriously. I had a similar issue recently where I got a call from a guy purporting to be from the RACV offering a refund and needing account details (yeah, what the???) I rang up RACV on the normal 13RACV asking what this was about - the call centre had no idea, put me thru to RACV insurance management - no records. I said this guy obviously had access to my records, so I need to raise a security issue for information breach etc. They gave me an email address to write to with details etc. Anyway, it took about a week for RACV to actually figure out the call was GENUINE, and yes, there was an adjustment on one of our insurance policies due to an audit finding were had been overcharged! The Y-man
I'm not surprised by the lack of response from the police. If you steal a chocolate bar form a shop you'll have the cops arrive in minutes to arrest you, steal thousands of dollars using a stolen credit card or any other scam they don't want to know about it.
Yep. When we were scammed $30k 20 years ago, it was ASIC that took action and eventually sent an investigator to take statements (5 years later) - only because the scammer did the scamming as a legit company! The Y-man
Maximum Deductions - Washington Brown Depreciation At Washington Brown, our average property depreciation report claims are over $9,500 in the first year. That’s $9,500 that you could be reducing your taxable income by. Our team can conduct a free assessment to find out how much you can save. » Get a Free Quote Now