Investment Scams: The “Big Fish” hooked for $1.8 million

In the wake of the GFC, architect Tony Camilleri hoped to rebuild his battered retirement portfolio and was open to investment opportunities. And then his phone rang. A cold call. A confident pitch from a charming stock broker. The kind of call that embodies the adage ‘if it’s too good to be true, well…’ Anatomy of a Scam is hosted by Deborah Knight and features: Tony Camilleri IFW Global Executive Chairman, Ken Gamble CommBank’s General Manager of Group Fraud, James Roberts NSW Police Force Cybercrime Squad Commander, Detective Superintendent Matthew Craft Anatomy of a Scam is made in collaboration with CommBank. Stay CommBank Safe with services that help protect you from scams and fraud 24/7. Remember 3 simple steps: Stop. Check. Reject.  Disclaimer: This podcast makes no suggestion that any investment organisation using the name Alexander Capital Management is not legitimate. This is a case where a scam operator appears to have falsely used a name that is similar to existing wealth management firms.See omnystudio.com/listener for privacy information.

Om Podcasten

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.