The return being offered was 200% a year ... good grief, how dumb can we be?
Well, here we go again. At a rough guess this must be getting close to 1000 articles or TV or radio stories I have written about scams over the past 35 years. Part of me does wonder if I am wasting my time but I am a genuine optimist. While I would be really surprised if a regular Money magazine reader fell for a money scam, I am hopeful that you will share scam stories like this with your kids, grandkids, extended family and friends.
I don’t want to let myself become too despondent about people being scammed. In fact, I think as a “herd” our community is getting better. An example of this is that I see no evidence that we are still falling for emails telling us that “I am Prince Whoever, son of the deposed King Whoever, and I wish to send you a vast fortune. Just send your account details and I’ll send the fortune to you and we will split it.”
This story is from the November 2017 edition of Money Magazine Australia.
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This story is from the November 2017 edition of Money Magazine Australia.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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