I got this letter in the mail today warning Australian citizens agains the rampant scams run by organised criminal groups and I thought it would be a great idea to put it online for the benefit of all that come across it. Her it is in its entirety. (Some of bolding is my own)
The Australian Crime Commission Board has recently warned that organised criminal groups are targeting the savings of Australians through investment frauds. Many Australians, including experienced investors who undertake research, have lost their entire retirement savings to these investment frauds.
Law enforcement advises that the criminals offering these investment opportunities use persuasive cold-calling tactics, sophisticated websites and legitimate-looking brochures.
Australia Post is partnering with the Australian Crime Commission, the Australian Securities & Investments Commissions and every state and territory police force in the country to further raise awareness of these investment frauds and provide information on how to prevent becoming a victim. Please be aware of this risk if you are called at random by someone offering an unsolicited investment opportunity. To protect yourself you can:
Visitwww.moneysmart.gov.au or call 1300 300 630 for further information or advice.
Alert your family and friends to these investment frauds, especially those who have savings to invest.
Report suspected investment frauds to the Australian Securities & Investment Commission, via www.moneysmart.gov.au or 1300 300 630, or your local police. Any information that can be provided such as company name, location and contact details will assist with subsequent investigations and enquiries.
Hang up on unsolicited telephone calls offering investments.
Check any company you are discussing investments with as a valid Australian Financial Services Licence at www.moneysmart.gov.au.
Seek independent financial advice before making an investment.
Protect your mail by installing the right sized letterbox for the volume of mail you receive and also by fitting a lock to your letterbox to deter would-be-thoeves. It’s also a good idea to arrange for someone to clear your mail for you when you go on holidays or take advantage of Australia Post’s Mail Holding Service.
Victim support in South Australia is available through South Australia Police on (08) 7322 3354. Please be wary of anyone who claims they can recover your losses for a fee-no legitimate Australian law enforcement or regulatory agency will seek a payment for this action
The letter was signed by;
- Ahmed Fahour, the Managing Director & Chief Executive Officer Australia Post
- Greg Medcraft, Chairman Australian Securities & Investments Commission
- John Lawler AM APM, Chief Executive Officer Australian Crime Commission
