Scamwatch: As interest rates rise, people looking to invest in bonds are falling victim to these type of scams | Blayney Chronicle
Scams, and the con artists behind them, are forever evolving and becoming more sophisticated and harder to spot.
- Losses to imposter bond investment scams have nearly tripled in the first half of this year with consumers losing over $20 million to these sophisticated scams, according to scamwatch.gov.au.
- Imposter bond scams usually impersonate real financial companies or banks and claim to offer government/Treasury bonds or fixed term deposits.
- People often fall victim to them after searching online for investment opportunities and…