Photo: 123RF
New Zealanders are losing six-figure sums to scammers pretending to offer anything from jobs to cryptocurrency investments and technology support.
Financial Services Complaints Ltd, an external dispute resolution service for the financial services sector, said it recently investigated a complaint from a retiree who lost $250,000 to a company falsely claiming to offer cryptocurrency trading services.
He thought he was signing up to an online platform for trading crypto and transferred money from his bank account to a money transfer service.
When the victim thought he was confirming regulatory declarations, he was actually authorising transfers to a financial service provider in the Middle East.
Photo: FSCL
"Scammers use extremely sophisticat
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