False Profits: Spotting the Red Flags of Investment Scams

The desire for riches beyond our dreams can obscure even the most obvious signs of an investment scam, blinding us to the red flags and warnings. It goes some way to explaining why Australians lose more money to dodgy investments than any other type of scam. In this episode, learn to open your eyes, spot the signs, and beware of false profits. Featuring: Joe - investment scam victim Ken Gamble - Executive Chairman of IFW Global Kirsty Dunn - Director of Communications, Tinder Australia Hosted by Deb Knight and Trevor Long, Anatomy of a Scam is made in collaboration with CommBank. Stay CommBank Safe with services that help protect you from scams and fraud. Remember 3 simple steps: Stop. Check. Reject.See omnystudio.com/listener for privacy information.

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Australia faces an epidemic of scams, a daily barrage of dodgy texts, phone calls and emails from anonymous cyber criminals and con artists, domestic and abroad. And in this new era of Artificial Intelligence, scams are more scam-ouflaged than ever before. Financial losses are mounting but the true cost of scams amounts to more than lost dollars, with emotional damage inflicted on individuals, families and businesses. Law enforcement authorities concede we cannot arrest our way out of this problem; education is key. Understanding how scammers target us with methods old and new, aided by cutting-edge technology, is the first step towards recognising a scam in the wild and taking the necessary steps to stop it. Episodes feature experts in cyber security and law enforcement, as well as real scam victims who share their personal experiences in a bid to warn others.  Hosted by Deborah Knight and Trevor Long, Anatomy of a Scam is made in collaboration with CommBank. Stay CommBank safe with services that help protect you from scams and fraud. Remember: Stop, Check, Reject.