Organised crime groups are targeting the retirement savings of elderly Territorians with sophisticated fraud operations.
Protect yourself against investment fraud by doing all of the following:
- get independent financial advice before making an investment
- tell family and friends about any fraud
- hang up on unsolicited calls offering overseas investment
- check investment companies have a valid Australian Financial Services Licence at www.moneysmart.gov.au.
Report suspected fraud
Report suspected fraud to the Australian Securities and Investments Commission by going to www.moneysmart.gov.au, or calling 1300 300 630.
You can also speak to your local police.
Any information such as company name, location and contact details will help with investigations.
For more information about investment fraud go to www.moneysmart.gov.au.
Last updated: 11 June 2015