Typical scams and our warnings

Common scams

FIDO keeps you informed of different types of scams to help you avoid being stung.

Affinity fraud through people you know	Lottery scams
Cold calling and phone scams	'Nigerian' letters and advance fee frauds
Early release of super scams	Overseas investment phone scams
Fake bank emails/phishing	Ponzi schemes
Fake debt invoices	'Pump and dump' share scams
Fake job emails/money transfer schemes	Pyramid schemes
Identity theft phishing (email) \| vishing (phone) \| smishing (SMS)	Social networking

Warnings about get rich quick schemes

Imagine the shame and guilt you'd feel at losing money you'd saved for your dreams or retirement. By all means try to make your savings work hard and grow fast, but keep your eyes open to the risks. If it sounds too good to be true, you'll probably end up the loser.

Computerised horse racing betting systems	Investment seminars
Illegal schemes	Share trading software
International investing	Sports arbitrage

Have you been stung?

For financial products and services, contact ASIC's Infoline at infoline@asic.gov.au or 1300 300 630 if the scheme involves shares or investments.

More information

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Scams & warnings homepage.

FIDO Website: Printed 03/16/2010