Scam
Money Magazine Australia|November 2017

The return being offered was 200% a year ... good grief, how dumb can we be?

Paul Clitheroe
Scam

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.”

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