Philippines police raid catches scammers targeting Australians

11 February, 2019

In the first three weeks of 2019, Australians have lost more than $15 million dollars to cold-calling scammers.

These professional conmen are well spoken, smart, and specifically target older Australian men.

They gain their victim’s confidence by offering them a deal on shares in legitimate companies – the only problem is the shares don’t exist. Victims are told their money will be deposited in Australian bank accounts and won’t leave our shores.

It is a confidence trick that has duped thousands of Aussies out of their hard-earned money, and one that 60 Minutes reporter Liam Bartlett was determined to take down.

Joining Australian private investigator Ken Gamble, Bartlett tracks down the fraudsters to their headquarters in the Philippines’ capital of Manila...

Read the full article at 9News

If you are interested in remaining vigilant about investment fraud, download a free copy of our ebook 'Online Investment Fraud.'
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