Investment scams promote fake or non-existent investments, often promising unusually high returns with little or no risk. Contact may begin through a call, social media, email, or text message.
Warning signs
- An unsolicited financial expert offers rapid wealth or guaranteed returns.
- Pressure to invest quickly or keep the opportunity secret.
- No verifiable licence, registration, office, or investment history.
- Fake websites, statements, celebrity endorsements, or professional-looking platforms.
Stay safe
- Verify advisers and businesses through official Australian Securities and Investments Commission registers.
- Do not accept unsolicited investment advice through social media.
- Research independently, seek advice from a registered professional, and take time to decide.
- Monitor your accounts and never transfer money solely because a website shows profits.