Australians Lose $13.3m to Investment Scams in First Half of 2017

[kreslik.news]

Australians lost a combined 13.3m AUD in H1 2017 to investment scams according to a report published today by the Australian Competition and Consumer Commission (ACCC). It has become somewhat commonplace for ASIC to warn traders and the public about specific scams and it was only last month that the authority warned about BinaryTilt and Campbell Investments Limited. Unfortunately, despite such warning measures instituted by the regulator, the public continues to fall prey to such scams.


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It is also noted that the majority of reports came from ... (read more)