1 00:00:00,200 --> 00:00:19,440 Speaker 1: She's on the Money. She's on the Money. 2 00:00:20,440 --> 00:00:23,400 Speaker 2: Hello, and welcome to She's on the Money, the podcast 3 00:00:23,480 --> 00:00:27,440 Speaker 2: for millennials who want financial freedom. Scams we hear about 4 00:00:27,440 --> 00:00:30,200 Speaker 2: them on the news all the time, mainly on a 5 00:00:30,280 --> 00:00:32,599 Speaker 2: current Affair, and a big shout out to Tracy Grimshaw 6 00:00:32,600 --> 00:00:32,919 Speaker 2: if she. 7 00:00:32,920 --> 00:00:34,600 Speaker 3: Is listening now. 8 00:00:34,720 --> 00:00:38,479 Speaker 2: While these stories do tug at the heartstrings, ultimately we 9 00:00:38,560 --> 00:00:40,800 Speaker 2: all kind of assume it will never happen to us 10 00:00:41,040 --> 00:00:43,839 Speaker 2: because we're way too smart to get sucked into a scam. 11 00:00:43,920 --> 00:00:45,440 Speaker 4: Do people still watch courn Affair? 12 00:00:45,880 --> 00:00:47,200 Speaker 3: I think so cute? 13 00:00:47,360 --> 00:00:47,400 Speaker 4: Do? 14 00:00:47,640 --> 00:00:48,040 Speaker 3: I don't know? 15 00:00:48,240 --> 00:00:48,839 Speaker 4: You carry on? 16 00:00:48,920 --> 00:00:50,200 Speaker 3: That's sorry, poll the group. 17 00:00:50,880 --> 00:00:54,120 Speaker 2: The thing is, though, guys, scamming can happen to anyone 18 00:00:54,280 --> 00:00:57,440 Speaker 2: of any age, intellect, and background, including She's on the 19 00:00:57,440 --> 00:01:00,000 Speaker 2: Money listeners. So today we want to run you through 20 00:00:59,920 --> 00:01:01,920 Speaker 2: all you need to know when it comes to scams 21 00:01:01,920 --> 00:01:04,200 Speaker 2: so you can avoid a falling victim to this hideous 22 00:01:04,280 --> 00:01:08,200 Speaker 2: type of crime. My name is Georgia King, and joining 23 00:01:08,200 --> 00:01:10,479 Speaker 2: me today to talk through how we can safeguard our 24 00:01:10,520 --> 00:01:16,200 Speaker 2: finances and ourselves from scams is financial advisor Victoria Divine. 25 00:01:16,360 --> 00:01:18,800 Speaker 2: I had a phone call the other day from someone 26 00:01:19,080 --> 00:01:21,200 Speaker 2: claiming to be from the ATO. 27 00:01:21,080 --> 00:01:22,280 Speaker 4: They weren't spoiler. 28 00:01:22,440 --> 00:01:25,600 Speaker 2: It was an automated message and it said I would 29 00:01:25,600 --> 00:01:29,520 Speaker 2: be arrested if I didn't transfer money for some overdue 30 00:01:29,600 --> 00:01:32,000 Speaker 2: tax and I was like, I have to say, God. 31 00:01:31,800 --> 00:01:35,920 Speaker 4: Did you how realistic was it? And it wasn't a recording. 32 00:01:35,959 --> 00:01:39,400 Speaker 4: It was actually someone saying he was calling from the ATO. Yeah, 33 00:01:39,440 --> 00:01:42,759 Speaker 4: And quite evidently he was not because they don't speak 34 00:01:42,760 --> 00:01:44,920 Speaker 4: in the tone of voice he was speaking in right 35 00:01:45,360 --> 00:01:49,040 Speaker 4: when I said, okay, well validate my information and he 36 00:01:49,160 --> 00:01:52,440 Speaker 4: was like, oh, I didn't know how, And I said, 37 00:01:52,480 --> 00:01:54,040 Speaker 4: oh my gosh, I don't even have a job. I 38 00:01:54,080 --> 00:01:56,760 Speaker 4: just played along with it. It's a terrible idea, but 39 00:01:57,080 --> 00:01:59,080 Speaker 4: you know, we're actually going to teach you about real 40 00:01:59,080 --> 00:02:01,559 Speaker 4: scam avoidance. It's not the victoriated line method. 41 00:02:01,760 --> 00:02:05,200 Speaker 2: Well, but that's the thing, be that these are so realistic. 42 00:02:05,280 --> 00:02:08,280 Speaker 2: Like I'm a I consider myself to be a smart, young, 43 00:02:08,440 --> 00:02:13,320 Speaker 2: strapping lass but I was like, Mom, I'm gonna get arrested. 44 00:02:13,720 --> 00:02:14,640 Speaker 3: They're coming for me. 45 00:02:16,160 --> 00:02:19,000 Speaker 4: So if the ATO were genuinely coming for you and 46 00:02:19,040 --> 00:02:22,399 Speaker 4: they already had your mobile number, I guarantee you would 47 00:02:22,400 --> 00:02:25,240 Speaker 4: have heard about this before. No one and I repeat, 48 00:02:25,320 --> 00:02:27,440 Speaker 4: no one is ever going to call you and be like, hey, 49 00:02:27,480 --> 00:02:30,400 Speaker 4: if you don't transfer me money for some overdue tracks, 50 00:02:30,720 --> 00:02:32,720 Speaker 4: you're going to be arrested. That's not going to happen. 51 00:02:32,800 --> 00:02:34,960 Speaker 2: Well, that's what my mum said. I'm still kind of 52 00:02:35,040 --> 00:02:35,640 Speaker 2: suss on it. 53 00:02:35,680 --> 00:02:39,280 Speaker 4: Though, So in that situation, let's take this situation as 54 00:02:39,320 --> 00:02:41,520 Speaker 4: any exactible. I know we're going to get into it 55 00:02:41,560 --> 00:02:44,119 Speaker 4: in more depth, yep, But in this situation, you'd say, 56 00:02:44,240 --> 00:02:47,040 Speaker 4: no problems, thank you so much. Mister. I think you're 57 00:02:47,040 --> 00:02:50,360 Speaker 4: a scammer. What's your landline. I'm going to call you 58 00:02:50,440 --> 00:02:53,960 Speaker 4: back on that and ask them for their landline. Then 59 00:02:54,320 --> 00:02:56,720 Speaker 4: if they do give you that, great, that's a very 60 00:02:56,760 --> 00:03:01,640 Speaker 4: positive step. Google it is it actually the ATO? If not, 61 00:03:02,000 --> 00:03:04,320 Speaker 4: just call there one eight hundred number and say, hey, 62 00:03:04,440 --> 00:03:07,240 Speaker 4: I was just on the phone to somebody at the ATO. 63 00:03:07,680 --> 00:03:10,400 Speaker 4: They said I was going to be arrested. Be worried. 64 00:03:10,520 --> 00:03:12,840 Speaker 4: Can you guys let me know what's going on? So 65 00:03:13,280 --> 00:03:16,000 Speaker 4: my advice is immediately hang up and then call that 66 00:03:16,080 --> 00:03:21,120 Speaker 4: authority back asap if you're concerned about it. Obviously I 67 00:03:21,200 --> 00:03:23,440 Speaker 4: knew that was a scam, so I definitely didn't bother 68 00:03:23,560 --> 00:03:27,120 Speaker 4: following anybody up. But if you're worried, call that proper 69 00:03:27,160 --> 00:03:30,560 Speaker 4: authority on their one eight hundred number. Not talk to 70 00:03:30,600 --> 00:03:34,200 Speaker 4: that person on the phone, because often even if you say, hey, 71 00:03:34,240 --> 00:03:37,520 Speaker 4: can you validate my identification, they're like, okay, give me 72 00:03:37,560 --> 00:03:40,720 Speaker 4: your full name. No no, no, no no, you're now giving 73 00:03:40,760 --> 00:03:43,840 Speaker 4: them the information that they need. So don't do that. 74 00:03:44,120 --> 00:03:45,880 Speaker 3: Oh my god. Okay, so call. 75 00:03:45,720 --> 00:03:47,360 Speaker 4: Them, and the girl that picks up or the boy 76 00:03:47,400 --> 00:03:49,440 Speaker 4: that picks up is going to go, oh my gosh, Georgia, 77 00:03:49,440 --> 00:03:51,320 Speaker 4: I know that's a common scam. I'm so sorry you 78 00:03:51,360 --> 00:03:52,960 Speaker 4: got stuck. Okay, they'll let you know. 79 00:03:52,960 --> 00:03:54,840 Speaker 3: Don't know. Don't call mom. 80 00:03:54,960 --> 00:03:58,320 Speaker 4: I mean you could call mom, I call my literally everything. 81 00:03:58,080 --> 00:03:59,920 Speaker 3: Yeah, okay, moving a lot. 82 00:04:00,560 --> 00:04:03,040 Speaker 2: How common are scams in Australia, because it's not just 83 00:04:03,120 --> 00:04:04,520 Speaker 2: you and I are getting these calls, right. 84 00:04:04,560 --> 00:04:07,400 Speaker 4: No, it's not. Unfortunately, there are too many scams and 85 00:04:07,680 --> 00:04:11,360 Speaker 4: unfortunately they are all too common. In twenty twenty, one 86 00:04:11,480 --> 00:04:15,280 Speaker 4: hundred and seventy six million dollars was lost on scams, 87 00:04:15,600 --> 00:04:18,240 Speaker 4: which is up a total of twenty three point one 88 00:04:18,279 --> 00:04:21,440 Speaker 4: percent if we compare that to twenty nineteen stats, and 89 00:04:21,480 --> 00:04:23,720 Speaker 4: that of course was due to the increased time that 90 00:04:23,760 --> 00:04:27,560 Speaker 4: we are actually spending online recently and that is, my friends, 91 00:04:27,640 --> 00:04:30,400 Speaker 4: a lot of money. And that's not only scams that 92 00:04:30,440 --> 00:04:33,560 Speaker 4: we've been reported, do you Apparently only thirteen percent of 93 00:04:33,640 --> 00:04:36,279 Speaker 4: victims actually make a report, according to a company called 94 00:04:36,320 --> 00:04:39,039 Speaker 4: scam Watch, which is run by the Australian Competition and 95 00:04:39,080 --> 00:04:42,159 Speaker 4: Consumer Commission or the ah trouble C. So it's safe 96 00:04:42,160 --> 00:04:44,799 Speaker 4: to assume that much more money has actually been lost, 97 00:04:44,839 --> 00:04:45,600 Speaker 4: which is wild. 98 00:04:45,880 --> 00:04:48,080 Speaker 2: It is wild, And I guess it makes sense that 99 00:04:48,240 --> 00:04:50,960 Speaker 2: last year so much money was lost because obviously it 100 00:04:51,000 --> 00:04:52,839 Speaker 2: was the pandemic and as you said, we were spending 101 00:04:52,880 --> 00:04:55,320 Speaker 2: so much time online because we had not a lot 102 00:04:55,360 --> 00:04:57,880 Speaker 2: else to do, and they really targeted us for that. 103 00:04:58,080 --> 00:05:01,200 Speaker 4: Absolutely, And do you know what's scary? More than sixty 104 00:05:01,279 --> 00:05:03,880 Speaker 4: three million dollars has already been lost this year and 105 00:05:03,920 --> 00:05:04,720 Speaker 4: it's only May. 106 00:05:05,560 --> 00:05:08,039 Speaker 3: What that's a lot of cash, God, is a lot 107 00:05:08,040 --> 00:05:08,560 Speaker 3: of money. 108 00:05:08,880 --> 00:05:10,080 Speaker 4: That is a lot of dollar us. 109 00:05:10,120 --> 00:05:14,360 Speaker 2: Georgia King, it's really sad this topic. 110 00:05:14,920 --> 00:05:16,800 Speaker 4: I think it's really sad. But I also think it's 111 00:05:16,839 --> 00:05:20,400 Speaker 4: really important because it can help us have empowered conversations, 112 00:05:20,720 --> 00:05:22,880 Speaker 4: Like I don't think a lot of people in the moment, 113 00:05:23,000 --> 00:05:25,280 Speaker 4: especially when they pick up the phone and someone says 114 00:05:25,320 --> 00:05:27,360 Speaker 4: I'm from the ato, and if you don't pay us 115 00:05:27,680 --> 00:05:30,040 Speaker 4: right now, you're going to go to jail. You're gonna 116 00:05:30,040 --> 00:05:32,520 Speaker 4: be a bit stressed. But I think the most important 117 00:05:32,520 --> 00:05:34,960 Speaker 4: thing here is actually to go Okay, no, here's what 118 00:05:35,000 --> 00:05:37,200 Speaker 4: I'm gonna do. Thank you so much for calling. I 119 00:05:37,200 --> 00:05:39,880 Speaker 4: can see that you've got a valid point. If they do. 120 00:05:40,080 --> 00:05:43,159 Speaker 4: If they don't, who cares to just say that? Hang 121 00:05:43,240 --> 00:05:46,680 Speaker 4: up and call them directly from their landline. For me, 122 00:05:46,960 --> 00:05:49,200 Speaker 4: that is probably the best way to go about it 123 00:05:49,240 --> 00:05:52,080 Speaker 4: if they call you. But some are a lot slipperier 124 00:05:52,120 --> 00:05:54,359 Speaker 4: than that, and they actually get into your inbox and 125 00:05:54,360 --> 00:05:56,840 Speaker 4: you don't even realize how scammy they are. 126 00:05:57,600 --> 00:06:00,360 Speaker 2: Well, that's it, Feast, so tell me it's This is 127 00:06:00,400 --> 00:06:06,200 Speaker 2: obviously ATO style scams. So masking is government cooperations to 128 00:06:06,240 --> 00:06:09,080 Speaker 2: try and get your money, get your personal details, whatever. 129 00:06:09,839 --> 00:06:10,880 Speaker 4: Lots of types of scam. 130 00:06:10,960 --> 00:06:11,680 Speaker 3: Talk me through them. 131 00:06:11,800 --> 00:06:14,120 Speaker 4: Okay, are you ready for this? Because there are a 132 00:06:14,160 --> 00:06:16,680 Speaker 4: lot of different types of scams, which is kind of 133 00:06:16,720 --> 00:06:19,040 Speaker 4: pervy like. As long as you've never been bitten by them, 134 00:06:19,080 --> 00:06:21,960 Speaker 4: this could be a really interesting episode. But if you have, 135 00:06:22,040 --> 00:06:24,480 Speaker 4: you'll be like, oh my gosh, Victoria, please stuff talking. 136 00:06:24,960 --> 00:06:28,600 Speaker 4: But one that everybody is probably seen is those prize 137 00:06:28,600 --> 00:06:31,240 Speaker 4: winning scams. So, for example, you might have received a 138 00:06:31,279 --> 00:06:34,960 Speaker 4: message from an unknown number congratulating you on winning their competition, 139 00:06:35,279 --> 00:06:37,359 Speaker 4: and all you need to do to claim your fifty 140 00:06:37,400 --> 00:06:39,760 Speaker 4: thousand dollar prize is click the link and give them 141 00:06:39,760 --> 00:06:43,200 Speaker 4: all your personal details, which should be true, too good 142 00:06:43,200 --> 00:06:45,280 Speaker 4: to be true, because it is too good to be true. 143 00:06:45,320 --> 00:06:47,200 Speaker 4: And then they'll use your personal details and you know 144 00:06:47,240 --> 00:06:48,080 Speaker 4: what are they going to do with that? 145 00:06:48,839 --> 00:06:50,400 Speaker 3: What still my money? 146 00:06:50,600 --> 00:06:54,599 Speaker 4: Yeah, exactly. They're going to probably pretend to be you, 147 00:06:54,960 --> 00:06:58,200 Speaker 4: which is terrifying. There's another type of scam, which is 148 00:06:58,400 --> 00:07:02,320 Speaker 4: more of a transactional buying scam, so maybe on like Facebook, 149 00:07:02,360 --> 00:07:05,760 Speaker 4: Marketplace or eBay where people are selling false scords and 150 00:07:05,800 --> 00:07:07,880 Speaker 4: taking your money and running. And I've actually seen this 151 00:07:07,960 --> 00:07:11,320 Speaker 4: a fair bit on places like gum tree recently. Really yes, 152 00:07:11,480 --> 00:07:16,960 Speaker 4: especially during COVID, you know what, advertising pets, which is 153 00:07:17,000 --> 00:07:19,560 Speaker 4: really sad because a lot of people during COVID really 154 00:07:19,640 --> 00:07:21,920 Speaker 4: want pets. So they're like, yep, I totally get that 155 00:07:22,000 --> 00:07:25,080 Speaker 4: you can't see me. I will, you know, follow all 156 00:07:25,080 --> 00:07:28,320 Speaker 4: the social distancing rules. I'll transfer my five thousand dollars 157 00:07:28,360 --> 00:07:31,080 Speaker 4: for my you know, spoodle thing that everybody's buying at 158 00:07:31,080 --> 00:07:33,160 Speaker 4: the moment. That's an attack on me as well. I 159 00:07:33,240 --> 00:07:37,240 Speaker 4: just bought a golden Sheeper doodle go figure. A legit one, 160 00:07:37,320 --> 00:07:39,880 Speaker 4: by the way, wasn't a scam, but they would take 161 00:07:39,920 --> 00:07:42,760 Speaker 4: people's money and then they'd organizer pickup time and actually 162 00:07:42,800 --> 00:07:45,160 Speaker 4: never turn up, which is wild and so unfair. 163 00:07:45,400 --> 00:07:49,000 Speaker 2: They really capitalize on trends, it seems, because that's what 164 00:07:49,000 --> 00:07:51,120 Speaker 2: everyone was buying last year, isn't that Yeah, yep. 165 00:07:50,960 --> 00:07:53,160 Speaker 4: Which makes sense, and that's why you really need to 166 00:07:53,240 --> 00:07:57,160 Speaker 4: validate any purchase that you are making online. And there 167 00:07:57,360 --> 00:08:01,640 Speaker 4: sadly are a few dating scams online. This breaks my heart, yeah, 168 00:08:01,760 --> 00:08:05,120 Speaker 4: or what people are more commonly calling cat fishing, which 169 00:08:05,120 --> 00:08:09,120 Speaker 4: are particularly devastating, often because love is involved, and that 170 00:08:09,200 --> 00:08:11,640 Speaker 4: might be a scammer setting up a fake account or 171 00:08:11,680 --> 00:08:15,040 Speaker 4: initiating a fake relationship and then exploiting the other person, 172 00:08:15,160 --> 00:08:18,040 Speaker 4: using them for money or gifts or personal details, and 173 00:08:18,440 --> 00:08:21,160 Speaker 4: they would usually want to hurry the relationship along, but 174 00:08:21,160 --> 00:08:24,040 Speaker 4: they can't ever meet that person because they're quote overseas 175 00:08:24,200 --> 00:08:27,760 Speaker 4: or working in a mine or something like that. And 176 00:08:27,920 --> 00:08:30,720 Speaker 4: once they've formed that relationship with you and the trust 177 00:08:30,760 --> 00:08:33,400 Speaker 4: is there, that's when it gets really dangerous. And they'll 178 00:08:33,440 --> 00:08:36,200 Speaker 4: start asking for money or claim that there's an emergency 179 00:08:36,240 --> 00:08:38,200 Speaker 4: and that they need your financial help and stuff. And 180 00:08:38,559 --> 00:08:42,120 Speaker 4: that's really terrifying because I think that that happens more 181 00:08:42,120 --> 00:08:45,000 Speaker 4: often than people are willing to admit, because it's a 182 00:08:45,040 --> 00:08:47,720 Speaker 4: bit embarrassing in a way, right, Yeah, No one wants 183 00:08:47,720 --> 00:08:49,160 Speaker 4: to say, hey, I got catfished. 184 00:08:49,600 --> 00:08:52,400 Speaker 2: No, because there's, yeah, there's ego involved in that. One 185 00:08:52,440 --> 00:08:56,440 Speaker 2: hundred an emotional experience to go through. Having your heartbroken 186 00:08:56,520 --> 00:09:01,280 Speaker 2: is bad enough, but coupling that with national devastation. 187 00:09:01,800 --> 00:09:04,240 Speaker 4: And I think it's really hard because you know, good 188 00:09:04,280 --> 00:09:06,600 Speaker 4: people meet other good people online, Like I met my 189 00:09:06,679 --> 00:09:09,880 Speaker 4: partner online, and I'm not ashamed of that in any way, 190 00:09:09,960 --> 00:09:12,360 Speaker 4: shape or form, but I think it's a more common 191 00:09:12,400 --> 00:09:16,040 Speaker 4: way to meet people nowadays, but also a really common 192 00:09:16,080 --> 00:09:19,120 Speaker 4: way for people to be scammed. Side note, Georgia, how 193 00:09:19,200 --> 00:09:21,840 Speaker 4: cool would it be to get a catfished money diary? 194 00:09:22,360 --> 00:09:25,679 Speaker 3: Oh? That would be very interesting. 195 00:09:25,760 --> 00:09:29,880 Speaker 4: So if you've been catfished and it's financially impacted, you 196 00:09:29,960 --> 00:09:32,440 Speaker 4: could you just start slide into my DMS in the 197 00:09:32,520 --> 00:09:35,720 Speaker 4: next week or so, because I have questions. Yeah, and 198 00:09:35,760 --> 00:09:37,880 Speaker 4: I'm pretty sure our whole community does. 199 00:09:38,040 --> 00:09:39,640 Speaker 2: Well and that would be a really helpful listen for 200 00:09:39,679 --> 00:09:41,400 Speaker 2: everyone to know exactly what to be aware of and 201 00:09:41,440 --> 00:09:43,080 Speaker 2: those little red flags that we need to. 202 00:09:43,080 --> 00:09:46,720 Speaker 4: Make back on track. Though, when it comes to scams, 203 00:09:46,720 --> 00:09:50,520 Speaker 4: there are also fake charities, fake tradees, fake investing opportunities, 204 00:09:50,720 --> 00:09:54,920 Speaker 4: computer hackings, et cetera. Literally the list goes on in 205 00:09:55,000 --> 00:09:57,800 Speaker 4: terms of the scams that are most prevalent. Scam Watch's 206 00:09:57,920 --> 00:10:01,439 Speaker 4: latest report from twenty nineteen found the greatest losses by 207 00:10:01,520 --> 00:10:05,880 Speaker 4: type of scam were number one business email compromised scams 208 00:10:06,040 --> 00:10:09,640 Speaker 4: and number two investment scams and then number three dating 209 00:10:09,840 --> 00:10:12,840 Speaker 4: roment scams. So all of the things that we want, 210 00:10:12,880 --> 00:10:15,800 Speaker 4: we want to be in business, we want to be investing, 211 00:10:15,880 --> 00:10:17,200 Speaker 4: and we want to be in love, and we're going 212 00:10:17,240 --> 00:10:19,680 Speaker 4: to be scammed on the mall Georgia. Not good, not 213 00:10:19,760 --> 00:10:20,280 Speaker 4: good at all. 214 00:10:20,360 --> 00:10:23,120 Speaker 2: And that's millions and millions and millions of dollars were 215 00:10:23,240 --> 00:10:26,120 Speaker 2: tied to those each of those headers, So it's a 216 00:10:26,120 --> 00:10:27,480 Speaker 2: lot of money that's been lost. 217 00:10:27,240 --> 00:10:29,000 Speaker 4: To each of those in total. We go back to 218 00:10:29,000 --> 00:10:30,880 Speaker 4: that stat I said at the start, I believe that 219 00:10:30,920 --> 00:10:34,000 Speaker 4: was one hundred and seventy six million dollars which was 220 00:10:34,040 --> 00:10:37,319 Speaker 4: lost in twenty twenty Wild and that was all that 221 00:10:37,440 --> 00:10:40,160 Speaker 4: people actually admitted to. Crazy. 222 00:10:41,120 --> 00:10:44,480 Speaker 2: Now, investment scams that was number two. So that's obviously 223 00:10:44,559 --> 00:10:45,640 Speaker 2: the space that you move in. 224 00:10:45,960 --> 00:10:48,440 Speaker 4: It is I do like a little investment. 225 00:10:48,640 --> 00:10:50,640 Speaker 3: What does this mean? What does that look like? What 226 00:10:50,679 --> 00:10:51,760 Speaker 3: do we need to be mindful of? 227 00:10:52,000 --> 00:10:55,560 Speaker 4: So investment scams usually occur when a scammer is masked 228 00:10:55,559 --> 00:10:58,400 Speaker 4: grading as like a stock trader or a broker or 229 00:10:58,440 --> 00:11:02,960 Speaker 4: a financial professional. Really really sad and hopefully less common 230 00:11:03,040 --> 00:11:05,240 Speaker 4: given the Royal Commission that we went through in twenty 231 00:11:05,320 --> 00:11:09,400 Speaker 4: nineteen in saying that if you're interested in finance scams 232 00:11:09,440 --> 00:11:11,680 Speaker 4: and you haven't listened to the podcast who the hell 233 00:11:11,760 --> 00:11:14,760 Speaker 4: is Hamish? Oh what are you doing with your life? 234 00:11:14,800 --> 00:11:18,120 Speaker 4: That was so juicy cost juicy? Definitely go and listen 235 00:11:18,160 --> 00:11:21,120 Speaker 4: to that. But back to financial scams and investing scams. 236 00:11:21,520 --> 00:11:23,440 Speaker 4: They will often approach you with a once in a 237 00:11:23,480 --> 00:11:26,400 Speaker 4: lifetime opportunity that will help you make money fast, but 238 00:11:26,480 --> 00:11:29,000 Speaker 4: to do that you actually need to move really quickly, 239 00:11:29,120 --> 00:11:32,160 Speaker 4: and they often use really tricky language and jargons so 240 00:11:32,240 --> 00:11:34,840 Speaker 4: that they sound super informed, and they make you reluctant 241 00:11:34,880 --> 00:11:38,400 Speaker 4: to ask questions or question the authenticity of that kind 242 00:11:38,400 --> 00:11:42,560 Speaker 4: of offer. So for me, any person who doesn't break 243 00:11:42,600 --> 00:11:46,000 Speaker 4: it down for you and actually explain an investment opportunity 244 00:11:46,400 --> 00:11:49,760 Speaker 4: and isn't willing to wait is a terrible idea, even 245 00:11:49,800 --> 00:11:52,320 Speaker 4: if it's not a scam. If someone is pressuring you 246 00:11:52,400 --> 00:11:54,280 Speaker 4: to invest and you're just not ready, they are not 247 00:11:54,320 --> 00:11:56,080 Speaker 4: the right person to invest with. My friends. 248 00:11:56,800 --> 00:12:01,560 Speaker 2: Are there fake in quote marks businesses on the stock 249 00:12:01,679 --> 00:12:04,719 Speaker 2: market or is that highly regulated? Like can we ever 250 00:12:04,920 --> 00:12:06,079 Speaker 2: accidentally invest in? 251 00:12:06,800 --> 00:12:09,760 Speaker 4: No, if you logged into the ASX and you were investing, 252 00:12:09,800 --> 00:12:11,839 Speaker 4: you're not going to get scammed there. But if you 253 00:12:11,960 --> 00:12:14,480 Speaker 4: met someone and they're like, hey, Georgia King, I am 254 00:12:14,520 --> 00:12:17,640 Speaker 4: a stockbroker, I will broke of stocks on your behalf, 255 00:12:18,080 --> 00:12:19,760 Speaker 4: that's where you've got to be a bit wary about 256 00:12:19,800 --> 00:12:22,559 Speaker 4: the authenticity of that person. And that's where the ask, 257 00:12:22,679 --> 00:12:26,040 Speaker 4: you know, financial advisory register comes in handy. So if 258 00:12:26,080 --> 00:12:28,560 Speaker 4: you are going to go see a financial advisor, you 259 00:12:28,559 --> 00:12:30,200 Speaker 4: can look them up and see if they're registered and 260 00:12:30,240 --> 00:12:32,560 Speaker 4: have any complaints against them and making sure that they're 261 00:12:32,600 --> 00:12:35,960 Speaker 4: actually qualified, et cetera. So for me, go and look 262 00:12:36,040 --> 00:12:38,760 Speaker 4: up that person and see their history. I think in 263 00:12:38,800 --> 00:12:40,840 Speaker 4: twenty twenty one, it's not too hard to see if 264 00:12:40,880 --> 00:12:43,880 Speaker 4: someone has a track record or not, but historically it's 265 00:12:43,880 --> 00:12:46,040 Speaker 4: been a lot more convoluted than it is today. 266 00:12:47,160 --> 00:12:50,200 Speaker 2: Okay, this is a throwback to an earlier episode. 267 00:12:50,320 --> 00:12:52,080 Speaker 4: I know exactly what you're about to say. 268 00:12:52,120 --> 00:12:55,360 Speaker 2: Would you consider MLM to be a scam? 269 00:12:55,440 --> 00:12:59,280 Speaker 4: Absolutely? And I've spoken about this so many times. There 270 00:12:59,280 --> 00:13:01,760 Speaker 4: are a number of reason, right, and please don't think 271 00:13:01,800 --> 00:13:04,800 Speaker 4: that for even two seconds. I think that MLMs are 272 00:13:04,800 --> 00:13:07,600 Speaker 4: a scam for absolutely everybody. There's like a one percent 273 00:13:07,679 --> 00:13:10,480 Speaker 4: of those scams that they're making money, but they're making 274 00:13:10,520 --> 00:13:13,559 Speaker 4: money off scamming people, so like that's not a thing. 275 00:13:13,600 --> 00:13:17,480 Speaker 2: For anyone who doesn't know. MLMs are multiple schemes yea. 276 00:13:18,040 --> 00:13:20,480 Speaker 4: And to me, I do genuinely believe that they are 277 00:13:20,520 --> 00:13:24,360 Speaker 4: pyramid schemes parading as sheep, so you know, instead of 278 00:13:24,400 --> 00:13:27,720 Speaker 4: having an actual pyramid scheme, they always always always sell 279 00:13:27,760 --> 00:13:30,360 Speaker 4: a product. So that could be essentral oils, it could 280 00:13:30,360 --> 00:13:32,800 Speaker 4: be you know, workout stuff, it could be well like 281 00:13:33,000 --> 00:13:37,840 Speaker 4: kitchen where it could be literally anything, but usually actually 282 00:13:37,880 --> 00:13:41,400 Speaker 4: not even usually Georgia. Always there is a product associated 283 00:13:41,440 --> 00:13:44,200 Speaker 4: with it to masquerade this pyramid scheme. And that's what 284 00:13:44,240 --> 00:13:47,560 Speaker 4: they'll say, someone says, or if you say to someone, hey, Georgia, 285 00:13:47,640 --> 00:13:49,760 Speaker 4: that's a pyramid scheme. They'll be like, no, but we've 286 00:13:49,880 --> 00:13:52,440 Speaker 4: sell a product, and you'll be like, you are still 287 00:13:52,440 --> 00:13:55,080 Speaker 4: a scam, my friend. But the reason I think that 288 00:13:55,240 --> 00:13:58,600 Speaker 4: is scammy is because so many people get lulled into 289 00:13:58,600 --> 00:14:01,400 Speaker 4: this false sense of security where they think, oh, I'm 290 00:14:01,440 --> 00:14:03,520 Speaker 4: gonna run my own business and I'm actually gonna have 291 00:14:03,520 --> 00:14:05,400 Speaker 4: this really great support network and I'm going to do 292 00:14:05,440 --> 00:14:08,079 Speaker 4: all these cool things, when in reality, it's going to 293 00:14:08,160 --> 00:14:10,880 Speaker 4: cost you more than what you're actually making from it, 294 00:14:11,160 --> 00:14:13,040 Speaker 4: and it's not a good thing at all because they 295 00:14:13,280 --> 00:14:17,040 Speaker 4: own your entire IP and you don't actually get your 296 00:14:17,040 --> 00:14:19,960 Speaker 4: own business. You're so reliant on somebody else. So my 297 00:14:20,080 --> 00:14:22,440 Speaker 4: opinion there is, if you want to be a business owner, 298 00:14:22,720 --> 00:14:26,320 Speaker 4: go join the Business Bible. Obviously not being promotional here, 299 00:14:26,440 --> 00:14:29,000 Speaker 4: I genuinely believe you should go and join the Business 300 00:14:29,040 --> 00:14:32,400 Speaker 4: Bible instead of joining a MLM that is going to 301 00:14:32,480 --> 00:14:33,560 Speaker 4: lead you now on the wrong track. 302 00:14:33,920 --> 00:14:36,160 Speaker 2: Love that, and also go back and listen to our 303 00:14:36,480 --> 00:14:38,240 Speaker 2: MLM episode I think. 304 00:14:38,080 --> 00:14:40,560 Speaker 3: From season three, Season three, Season three. 305 00:14:40,600 --> 00:14:42,800 Speaker 4: Imagine having that many seasons that we get confused and 306 00:14:43,160 --> 00:14:43,880 Speaker 4: how cool we. 307 00:14:44,080 --> 00:14:50,119 Speaker 2: Are doing as a business owner, how worrying are scams 308 00:14:50,360 --> 00:14:52,640 Speaker 2: for you, because I feel like they would kind of 309 00:14:52,640 --> 00:14:54,560 Speaker 2: be a threat to you as well, not just as 310 00:14:54,600 --> 00:14:56,160 Speaker 2: an individual but as a business owner. 311 00:14:56,360 --> 00:14:59,960 Speaker 4: Absolutely, and they are quite concerning. And I've actually seen 312 00:15:00,240 --> 00:15:02,920 Speaker 4: a few friends, not recently, but in the last couple 313 00:15:02,960 --> 00:15:07,560 Speaker 4: of years, I guess that's recently have a hacker come 314 00:15:07,640 --> 00:15:11,880 Speaker 4: into their computer system and change invoices, so you pay 315 00:15:11,960 --> 00:15:15,440 Speaker 4: money to a separate bank account. And these friends worked 316 00:15:15,480 --> 00:15:18,640 Speaker 4: in the real estate industry, so these amounts of money 317 00:15:18,720 --> 00:15:20,160 Speaker 4: were people's home deposits. 318 00:15:20,160 --> 00:15:20,880 Speaker 3: Oh my god. 319 00:15:21,320 --> 00:15:24,280 Speaker 4: Yeah, So what would happen is they'd send the bank 320 00:15:24,360 --> 00:15:27,400 Speaker 4: details through to the person who needed to pay the 321 00:15:27,440 --> 00:15:29,600 Speaker 4: home deposit, and then they'd pay them. It'd all be 322 00:15:29,640 --> 00:15:31,160 Speaker 4: well and good, and they'd be like, yeah, paid it, 323 00:15:31,200 --> 00:15:33,560 Speaker 4: no problems, and then the real estate agent would say, great, 324 00:15:33,560 --> 00:15:36,800 Speaker 4: thank you so much, Georgia, congratulations. We'll send you the 325 00:15:36,840 --> 00:15:39,560 Speaker 4: receipt once he hits the account, because usually those things 326 00:15:39,600 --> 00:15:42,320 Speaker 4: aren't instant because it's such a big transfer, and then 327 00:15:42,360 --> 00:15:43,840 Speaker 4: a couple of days later they'll be like, oh, it's 328 00:15:43,920 --> 00:15:45,840 Speaker 4: not there, but then a couple of days later it's 329 00:15:46,160 --> 00:15:50,040 Speaker 4: too late. So for me, if you are transferring a 330 00:15:50,120 --> 00:15:52,960 Speaker 4: home deposit, I would absolutely just call the real estate 331 00:15:53,000 --> 00:15:55,680 Speaker 4: agent and go, hey, don't want to be a pest, 332 00:15:55,680 --> 00:15:57,880 Speaker 4: but could you just confirm your BSBAN account number before 333 00:15:57,880 --> 00:16:00,480 Speaker 4: I make this transfer? Yea, just to get it verbally 334 00:16:00,560 --> 00:16:03,200 Speaker 4: as well. And I know a couple of people who 335 00:16:03,280 --> 00:16:05,360 Speaker 4: work in real estate who will only do it verbally 336 00:16:05,400 --> 00:16:07,000 Speaker 4: and get you to like write it down and then 337 00:16:07,040 --> 00:16:10,040 Speaker 4: spell it out because so many times this happens and 338 00:16:10,080 --> 00:16:14,480 Speaker 4: it's terrifying. But that's all about security as well. So 339 00:16:14,840 --> 00:16:17,440 Speaker 4: here it cheese on money and Zella, we have psycho 340 00:16:17,520 --> 00:16:18,400 Speaker 4: levels of security. 341 00:16:18,440 --> 00:16:20,680 Speaker 2: Yeah, I was going to say, I can't imagine you'd 342 00:16:20,680 --> 00:16:24,120 Speaker 2: just be like, yeah, whatever, send it through fun. 343 00:16:24,320 --> 00:16:26,720 Speaker 4: Ask poor Jess, Like, we can't even make changes to 344 00:16:26,960 --> 00:16:31,080 Speaker 4: our emails without our IT person. Get you involved, because 345 00:16:31,120 --> 00:16:33,600 Speaker 4: it is such a high level of security, which is 346 00:16:33,640 --> 00:16:37,840 Speaker 4: honestly so necessary because I also run a wealth business. Yeah, 347 00:16:37,840 --> 00:16:41,240 Speaker 4: and my clients personal details, they're really important to me 348 00:16:41,360 --> 00:16:43,640 Speaker 4: and they should never ever ever be compromised. 349 00:16:43,680 --> 00:16:44,840 Speaker 3: Yeah, love it all right. 350 00:16:45,080 --> 00:16:49,040 Speaker 2: Descanners target certain demographics of people. 351 00:16:48,960 --> 00:16:53,080 Speaker 4: Look not necessarily. It feels like that when we hear 352 00:16:53,120 --> 00:16:56,360 Speaker 4: these stories that it's always the elderly that's targeted, or 353 00:16:56,400 --> 00:16:58,320 Speaker 4: you know, the young people, or you know the people 354 00:16:58,320 --> 00:17:01,000 Speaker 4: who owe tax or whatever it is. But according to 355 00:17:01,040 --> 00:17:04,280 Speaker 4: scam Watch, there's actually no specific demographic that's targeted, and 356 00:17:04,320 --> 00:17:06,880 Speaker 4: we all really need to be super careful and vigilant 357 00:17:07,240 --> 00:17:11,119 Speaker 4: in saying that certain scams will target certain people. So 358 00:17:11,240 --> 00:17:14,040 Speaker 4: people who are on online dating apps or websites that 359 00:17:14,080 --> 00:17:17,720 Speaker 4: are targeted for romance scams, particularly if they're new to 360 00:17:17,720 --> 00:17:20,240 Speaker 4: these sites and they're not very experienced, they might not 361 00:17:20,280 --> 00:17:22,800 Speaker 4: be able to pick them up as quickly. Whereas I 362 00:17:22,800 --> 00:17:24,840 Speaker 4: think you know, you and IG if we were on 363 00:17:24,920 --> 00:17:28,800 Speaker 4: Tinder today, I think we'd pretty quickly see something and 364 00:17:28,840 --> 00:17:30,520 Speaker 4: be like, oh, that's too good to be true, or 365 00:17:30,520 --> 00:17:33,680 Speaker 4: that's a scam, or yeah, profile is not written well yeah, 366 00:17:33,680 --> 00:17:35,760 Speaker 4: but I would assume that someone who's maybe not a 367 00:17:35,840 --> 00:17:39,239 Speaker 4: millennial or gen Z or why, they might actually not 368 00:17:39,480 --> 00:17:42,040 Speaker 4: see that and not have the level of conviction when 369 00:17:42,080 --> 00:17:44,320 Speaker 4: it comes to going ah, I don't think that's actually 370 00:17:44,400 --> 00:17:45,159 Speaker 4: what they say they are. 371 00:17:45,359 --> 00:17:47,480 Speaker 2: Yeah, And if you've been out of the game, as 372 00:17:47,520 --> 00:17:51,800 Speaker 2: they say, for a long time and someone's like, hey, Candy, Candy, Okay, 373 00:17:52,800 --> 00:17:56,920 Speaker 2: you're a lovely look and lass, let's get dinner online 374 00:17:57,000 --> 00:17:58,080 Speaker 2: because I'm fake. 375 00:17:58,840 --> 00:17:59,920 Speaker 3: Like you go for it. 376 00:18:00,080 --> 00:18:03,120 Speaker 2: That was a weird spill, but you know what I mean, 377 00:18:03,160 --> 00:18:08,920 Speaker 2: they would be less suspicious, whereas we would be like, no, Derek, no, god, 378 00:18:08,960 --> 00:18:11,879 Speaker 2: that was weird. Keep on talking, Victoria handling back to you. 379 00:18:12,000 --> 00:18:14,760 Speaker 4: Okay, I really like that, but in saying that, this 380 00:18:14,960 --> 00:18:17,439 Speaker 4: is creepy and I'm totally happy to share this with 381 00:18:17,480 --> 00:18:19,480 Speaker 4: the trees on the money community. But do you know 382 00:18:19,520 --> 00:18:22,359 Speaker 4: what you can do? You can screenshot people's profiles on 383 00:18:23,280 --> 00:18:25,680 Speaker 4: dating apps. Because I met Steve on a dating app 384 00:18:25,760 --> 00:18:28,440 Speaker 4: and I did this, then I have no shame screenshot. 385 00:18:28,600 --> 00:18:32,320 Speaker 4: You can reverse search on Google from an image. You 386 00:18:32,400 --> 00:18:37,240 Speaker 4: can that, yes, yeah, okay, obviously I just did my research. 387 00:18:37,960 --> 00:18:40,400 Speaker 4: You did this with Steve, not with Steve. But it's 388 00:18:40,400 --> 00:18:42,520 Speaker 4: how I found out that a couple of profiles had 389 00:18:42,560 --> 00:18:45,200 Speaker 4: stolen pictures and were using them and they weren't theirs, 390 00:18:45,359 --> 00:18:49,080 Speaker 4: because you know, sometimes they are legit and people are 391 00:18:49,320 --> 00:18:53,840 Speaker 4: legitimate people behind the accounts, but then they're actually not 392 00:18:54,000 --> 00:18:54,600 Speaker 4: who they say. 393 00:18:54,720 --> 00:18:55,800 Speaker 3: That's fishing, isn't it. 394 00:18:55,880 --> 00:18:58,639 Speaker 4: Yeah exactly. And so if you reverse image search it 395 00:18:58,680 --> 00:19:01,600 Speaker 4: and then it comes up with like male model, you're like, well, 396 00:19:01,640 --> 00:19:05,159 Speaker 4: that's clearly not you, as the first thing on Google. Yeah, 397 00:19:05,200 --> 00:19:06,960 Speaker 4: so I used to just block and delete them. But 398 00:19:07,560 --> 00:19:10,159 Speaker 4: too many people aren't that savvy or aren't that creepy? 399 00:19:10,320 --> 00:19:13,560 Speaker 4: Not sure which one it is, but let's move on. 400 00:19:13,720 --> 00:19:15,920 Speaker 4: If you are worried about people in your life being 401 00:19:15,960 --> 00:19:18,359 Speaker 4: taken advantage of because you're not as savvy or as 402 00:19:18,400 --> 00:19:21,439 Speaker 4: creepy as I am, it's a really good idea to 403 00:19:21,480 --> 00:19:24,040 Speaker 4: point them in the direction of the scam Watch website, 404 00:19:24,240 --> 00:19:26,199 Speaker 4: which we will link in the show notes, as that 405 00:19:26,280 --> 00:19:29,679 Speaker 4: has really comprehensive lists of what kinds of behaviors that 406 00:19:29,720 --> 00:19:33,120 Speaker 4: you should be really mindful of. So obviously, if things 407 00:19:33,160 --> 00:19:36,119 Speaker 4: feel off and your gut is telling you it's not right, 408 00:19:36,520 --> 00:19:38,679 Speaker 4: nine times out of ten it's not right. 409 00:19:38,720 --> 00:19:39,800 Speaker 2: I gotta listen to your gut. 410 00:19:39,920 --> 00:19:40,879 Speaker 4: You absolutely do. 411 00:19:41,240 --> 00:19:43,440 Speaker 2: All right, We will be back just after the break 412 00:19:43,440 --> 00:19:47,120 Speaker 2: to chat how we can avoid being scammed, and very importantly, 413 00:19:47,320 --> 00:19:49,600 Speaker 2: what to do if we or if someone we know 414 00:19:49,840 --> 00:20:13,200 Speaker 2: has been scammed. Stick around friends. Alrighty, guys, don't forget 415 00:20:13,320 --> 00:20:15,520 Speaker 2: that this podcast is not the only place we chat 416 00:20:15,560 --> 00:20:17,159 Speaker 2: about scams and money. 417 00:20:17,440 --> 00:20:20,120 Speaker 3: We're also on the Facebook. One hundred and sixty three. 418 00:20:20,440 --> 00:20:22,920 Speaker 4: How old you are the Facebook? 419 00:20:22,920 --> 00:20:25,840 Speaker 2: I'm not one hundred and eight of just aged. Well, 420 00:20:27,160 --> 00:20:29,479 Speaker 2: we've got the Facebook, We've got the Instagram, We've got 421 00:20:29,520 --> 00:20:31,600 Speaker 2: the TikTok, we do the newsletter. 422 00:20:31,960 --> 00:20:32,720 Speaker 3: The other thing we. 423 00:20:32,760 --> 00:20:35,439 Speaker 2: Have is a reviews page at the bottom of iTunes 424 00:20:35,520 --> 00:20:36,520 Speaker 2: Victoria define we. 425 00:20:36,480 --> 00:20:38,760 Speaker 4: Do, and that is where you can leave lovely comments 426 00:20:38,800 --> 00:20:43,120 Speaker 4: about how delightful Georgia King's analogies are and how much 427 00:20:43,160 --> 00:20:46,400 Speaker 4: we like Jessica's laugh on the pod on Friday Drinks. So, 428 00:20:46,640 --> 00:20:48,919 Speaker 4: if you would like to leave us a lovely review, 429 00:20:49,160 --> 00:20:52,239 Speaker 4: please do so, because not everybody on the internet is 430 00:20:52,280 --> 00:20:52,840 Speaker 4: as kind. 431 00:20:53,040 --> 00:20:54,879 Speaker 2: No, and if you give us five stars, I think 432 00:20:54,920 --> 00:20:57,080 Speaker 2: that helps with the algorithm. I'm not one for the 433 00:20:57,200 --> 00:20:59,960 Speaker 2: technology as we know, but I think it does help. 434 00:21:00,640 --> 00:21:03,240 Speaker 2: It helps us reach more people. Yeah, Georgia King is right, 435 00:21:03,240 --> 00:21:03,920 Speaker 2: it helps us. 436 00:21:03,840 --> 00:21:06,679 Speaker 4: Build our community stay again and make sure that we 437 00:21:06,720 --> 00:21:07,960 Speaker 4: can keep the podcast going. 438 00:21:08,119 --> 00:21:10,600 Speaker 2: Yes, so please, if you have time, guys, we would 439 00:21:10,680 --> 00:21:12,719 Speaker 2: love it if you could leave us a little review. 440 00:21:12,800 --> 00:21:14,639 Speaker 4: Do you know what else we love? Georgia King? What 441 00:21:15,000 --> 00:21:16,879 Speaker 4: talking about scams? So we do. 442 00:21:16,960 --> 00:21:17,840 Speaker 3: Let's get back into it. 443 00:21:18,200 --> 00:21:22,120 Speaker 2: Okay, So we know now that scams are quite prevalent, 444 00:21:22,480 --> 00:21:26,040 Speaker 2: that they are jinking. We know what some types of 445 00:21:26,040 --> 00:21:28,320 Speaker 2: scams out there are. We only really scratch the surface 446 00:21:28,320 --> 00:21:31,280 Speaker 2: but we don't have hours, We've got minutes, So how 447 00:21:31,320 --> 00:21:33,720 Speaker 2: do we actually avoid being scammed? 448 00:21:34,320 --> 00:21:38,200 Speaker 4: All right, So it sounds really stereotypical, but stay vigilant 449 00:21:38,400 --> 00:21:41,520 Speaker 4: and be aware that scams actually exist. I think too 450 00:21:41,600 --> 00:21:44,120 Speaker 4: many of us are too trusting, which is really sweet, 451 00:21:44,480 --> 00:21:46,959 Speaker 4: and I think it's really kind that we just assume 452 00:21:47,000 --> 00:21:49,520 Speaker 4: that everybody has our best interests at hard and that's 453 00:21:49,640 --> 00:21:53,920 Speaker 4: actually not the case. So definitely always second guess things, 454 00:21:54,080 --> 00:21:56,560 Speaker 4: especially if they're over the Internet and from people you've 455 00:21:56,600 --> 00:22:00,320 Speaker 4: never met. Don't be uncreative with your passwords, so like 456 00:22:00,400 --> 00:22:04,240 Speaker 4: I can be often, and I'm sure you can be often, Georgia. 457 00:22:04,400 --> 00:22:06,600 Speaker 4: Tempting though it may be to just use the same 458 00:22:06,600 --> 00:22:08,760 Speaker 4: one across the board. That is a very easy way 459 00:22:08,800 --> 00:22:11,439 Speaker 4: of making yourself a target, so definitely do not do that. 460 00:22:12,119 --> 00:22:14,520 Speaker 4: Keep in mind, as I said Georgia before, if something 461 00:22:14,560 --> 00:22:18,080 Speaker 4: is too good to be true, probably is. If a 462 00:22:18,119 --> 00:22:21,399 Speaker 4: business or individual is requesting your details or wants to 463 00:22:21,400 --> 00:22:24,439 Speaker 4: transfer you money or vice versa, you should treat it 464 00:22:24,440 --> 00:22:28,080 Speaker 4: with suspicion. You should never ever ever send money, provide 465 00:22:28,080 --> 00:22:31,000 Speaker 4: your account details or your credit card details to anybody 466 00:22:31,040 --> 00:22:33,960 Speaker 4: you don't know. And as I said, if anybody ever 467 00:22:34,040 --> 00:22:37,119 Speaker 4: calls you hang up, call back the landline. If they 468 00:22:37,119 --> 00:22:39,640 Speaker 4: call you and say, hey, it's Virgin Money, be like, hey, 469 00:22:39,720 --> 00:22:43,080 Speaker 4: Virgin Money, so excited to have this conversation. I'll call 470 00:22:43,160 --> 00:22:46,640 Speaker 4: back your call center, no problems. And if they start 471 00:22:46,760 --> 00:22:50,320 Speaker 4: arguing with you, like, oh no, don't worry about that. No, no, no, 472 00:22:50,720 --> 00:22:52,679 Speaker 4: my friend, you have just let me know that that 473 00:22:52,840 --> 00:22:56,320 Speaker 4: is a scam, because anybody who works for some reputable 474 00:22:56,400 --> 00:22:59,320 Speaker 4: organization will know that that's you just making sure that 475 00:22:59,359 --> 00:23:02,200 Speaker 4: you're in the right place at the right time. And 476 00:23:02,320 --> 00:23:04,359 Speaker 4: on top of that, I'm not very good at this, 477 00:23:04,680 --> 00:23:07,719 Speaker 4: but that's okay. The tip is keep your socials private 478 00:23:07,760 --> 00:23:11,480 Speaker 4: if you can. It is crazy what we expose online 479 00:23:11,600 --> 00:23:14,280 Speaker 4: every day without much thought. But what the consequence is 480 00:23:14,320 --> 00:23:17,639 Speaker 4: called even beg and if you do see something suspicious, 481 00:23:17,760 --> 00:23:20,040 Speaker 4: just report it to the platform. Get it done. 482 00:23:20,320 --> 00:23:23,080 Speaker 2: Don't you think it is quite whack how much we 483 00:23:23,119 --> 00:23:26,080 Speaker 2: do expose ourselves online, Like how much we all the 484 00:23:26,119 --> 00:23:29,160 Speaker 2: images that are out there, everything we've ever said, all 485 00:23:29,200 --> 00:23:33,320 Speaker 2: of the cookies that we accept, Like, it is so bad. 486 00:23:33,560 --> 00:23:36,320 Speaker 4: It is crazy. And about eighteen months ago, just before 487 00:23:36,359 --> 00:23:39,560 Speaker 4: COVID here, yeah, somebody took all of my photos from 488 00:23:39,560 --> 00:23:40,760 Speaker 4: my Instagram. 489 00:23:40,240 --> 00:23:41,359 Speaker 3: And I remember that. 490 00:23:41,640 --> 00:23:44,680 Speaker 2: I don't. I remember when someone tried to steal shees 491 00:23:44,680 --> 00:23:45,560 Speaker 2: on the money they made. 492 00:23:45,440 --> 00:23:49,719 Speaker 4: Something a lot too. Yeah, same, same, different way. But 493 00:23:50,080 --> 00:23:52,240 Speaker 4: someone tried to bet me on Tinder. But my name 494 00:23:52,320 --> 00:23:55,240 Speaker 4: was Sarah and they lived in Richmond, Fun, which was 495 00:23:55,320 --> 00:23:58,240 Speaker 4: really creepy. And you know what, it was really weird 496 00:23:58,400 --> 00:24:02,679 Speaker 4: because my partner's best friend was literally like, what the 497 00:24:02,720 --> 00:24:05,439 Speaker 4: hell this is? You know my bestie's girlfriend. 498 00:24:05,520 --> 00:24:06,320 Speaker 3: Did he think no? 499 00:24:06,359 --> 00:24:08,560 Speaker 2: Wait, he didn't think it was you because it was Sarah. No. 500 00:24:08,760 --> 00:24:10,840 Speaker 4: And he also, I think he knows so long enough 501 00:24:10,880 --> 00:24:13,360 Speaker 4: to know that that ain't you. No, not me. I'm 502 00:24:13,400 --> 00:24:16,120 Speaker 4: obsessed with Steve, like that would never happen. But that's okay. 503 00:24:16,400 --> 00:24:19,199 Speaker 4: So he took screenshots of it and sent it to 504 00:24:19,240 --> 00:24:22,359 Speaker 4: me and was like, hey, what's this And I was like, hey, 505 00:24:22,440 --> 00:24:25,320 Speaker 4: I've got no idea, really creepy. Please match with them. 506 00:24:25,560 --> 00:24:28,320 Speaker 4: So he did, and you know, on Tinder it says 507 00:24:28,359 --> 00:24:31,280 Speaker 4: that they're local. It was someone close because they lived 508 00:24:31,320 --> 00:24:34,639 Speaker 4: like three kilometers from wherever he was, and that's creepy. 509 00:24:34,960 --> 00:24:36,000 Speaker 3: That's so weird. 510 00:24:36,119 --> 00:24:40,000 Speaker 4: So anyway, he reported them for faking a profile, et cetera. 511 00:24:40,080 --> 00:24:42,440 Speaker 4: It got taken down but like the idea that someone 512 00:24:42,440 --> 00:24:46,719 Speaker 4: could screenshot my Instagram and then create a story around that, 513 00:24:47,400 --> 00:24:51,120 Speaker 4: and the profile looked legit, right because my Instagram photos, 514 00:24:51,160 --> 00:24:52,600 Speaker 4: Like if you just take a couple of you know, 515 00:24:52,720 --> 00:24:55,760 Speaker 4: selfie pictures and whatever else I've gotten there, you string 516 00:24:55,760 --> 00:24:57,880 Speaker 4: it together, it would look by my dating profile because 517 00:24:57,880 --> 00:24:59,720 Speaker 4: do you know what, that's where I got my dating 518 00:24:59,760 --> 00:25:03,160 Speaker 4: pro file fires anyway, yep, creepy. 519 00:25:03,240 --> 00:25:05,960 Speaker 2: It's a funny old world that we live in, Victoria. 520 00:25:06,119 --> 00:25:07,639 Speaker 4: Do you know what was a good thing about that? 521 00:25:07,680 --> 00:25:07,840 Speaker 2: Though? 522 00:25:07,920 --> 00:25:09,720 Speaker 4: Joja, they said I was twenty three? 523 00:25:10,200 --> 00:25:13,280 Speaker 3: Ooh girl, still still got it? 524 00:25:14,680 --> 00:25:15,960 Speaker 4: No one questioned that part of it. 525 00:25:18,040 --> 00:25:20,879 Speaker 2: Now, what should we do if we have been scammed? 526 00:25:21,000 --> 00:25:24,560 Speaker 4: Okay, I'm a big diber dobber, so you should report it. Great. 527 00:25:24,760 --> 00:25:26,520 Speaker 4: Where you're going to report it is going to be 528 00:25:26,560 --> 00:25:30,240 Speaker 4: completely dependent on what the scam is. So first things first, 529 00:25:30,280 --> 00:25:32,200 Speaker 4: you could report it to the A Triple C as 530 00:25:32,240 --> 00:25:35,159 Speaker 4: we mentioned before, And I think it's so important because 531 00:25:35,200 --> 00:25:38,240 Speaker 4: this is what's going to help other people determine if 532 00:25:38,240 --> 00:25:41,399 Speaker 4: it's a scam or not and actually alert that agency 533 00:25:41,480 --> 00:25:43,560 Speaker 4: to know that this scam is running so that they 534 00:25:43,560 --> 00:25:45,840 Speaker 4: can tell people and maybe put it on an EDM 535 00:25:45,920 --> 00:25:48,040 Speaker 4: and let people know and be like, hey, cool, if 536 00:25:48,080 --> 00:25:49,960 Speaker 4: you get an email from Sentilink or you get a 537 00:25:50,119 --> 00:25:52,760 Speaker 4: call from Centilink, it's not us, so that they can 538 00:25:52,800 --> 00:25:55,639 Speaker 4: forall warn people. And this is you actually helping, so 539 00:25:55,680 --> 00:25:59,880 Speaker 4: it's not just hey, report it because they'll take them down. Sadly, 540 00:26:00,080 --> 00:26:01,800 Speaker 4: a lot of the time you're never able to trace 541 00:26:01,880 --> 00:26:05,399 Speaker 4: these people, but you're actually protecting others, which arguably is 542 00:26:05,560 --> 00:26:08,919 Speaker 4: just as important. And then depending on the scam you 543 00:26:08,960 --> 00:26:12,040 Speaker 4: should make sure that you are securing your personal information, 544 00:26:12,480 --> 00:26:14,919 Speaker 4: So go ahead and change your pins and your passwords 545 00:26:14,920 --> 00:26:17,159 Speaker 4: and anything that you think that a scammer may be 546 00:26:17,240 --> 00:26:20,440 Speaker 4: able to access and then exploit, and just make sure 547 00:26:20,440 --> 00:26:23,280 Speaker 4: you're looking after yourself. My friends, if you or someone 548 00:26:23,320 --> 00:26:25,880 Speaker 4: you know has been through this and is suffering mentally 549 00:26:25,920 --> 00:26:29,760 Speaker 4: because of it, because this can impact you dramatically, please 550 00:26:29,800 --> 00:26:32,360 Speaker 4: reach out to the many free services we have here 551 00:26:32,359 --> 00:26:36,200 Speaker 4: in Australia like Lifeline, Beyond Blue etc. We're gonna have 552 00:26:36,240 --> 00:26:38,600 Speaker 4: a few in the show notes, or just tee up 553 00:26:38,600 --> 00:26:40,720 Speaker 4: a chat with your GP to discuss a mental health 554 00:26:40,720 --> 00:26:41,480 Speaker 4: care plan option. 555 00:26:41,800 --> 00:26:43,639 Speaker 2: The other thing that we often talk about on the 556 00:26:43,640 --> 00:26:47,280 Speaker 2: podcast is the debt free helpline. 557 00:26:47,520 --> 00:26:49,960 Speaker 4: Yeah, so yeah, the National Debt Helpline, that's the one. 558 00:26:50,080 --> 00:26:52,920 Speaker 4: These guys are actual legends. Will put that in there 559 00:26:52,960 --> 00:26:56,920 Speaker 4: as well. They're free. And then also the government funded 560 00:26:56,960 --> 00:27:01,359 Speaker 4: called Idcare. They provide support to victims of identity crime. 561 00:27:01,480 --> 00:27:03,840 Speaker 4: So if it's literally not just a scam and someone 562 00:27:03,880 --> 00:27:07,040 Speaker 4: has literally been pretending to be you, that is a 563 00:27:07,080 --> 00:27:09,520 Speaker 4: really great place to start. And again we will put 564 00:27:09,640 --> 00:27:12,240 Speaker 4: their details in the show notes. Do you know how 565 00:27:12,320 --> 00:27:12,960 Speaker 4: sad this is? 566 00:27:13,000 --> 00:27:13,160 Speaker 2: Though? 567 00:27:13,240 --> 00:27:17,000 Speaker 4: G about where this episode has come from. This episode 568 00:27:17,000 --> 00:27:20,440 Speaker 4: has literally come from so many people dming us more 569 00:27:20,480 --> 00:27:22,679 Speaker 4: recently saying hey I was a bit by this scam, 570 00:27:22,760 --> 00:27:25,159 Speaker 4: or hey I think this is a scam. So I 571 00:27:25,280 --> 00:27:27,639 Speaker 4: definitely know they are a little bit more prevalent at 572 00:27:27,640 --> 00:27:30,760 Speaker 4: the moment, and I genuinely think coming out of COVID, 573 00:27:31,200 --> 00:27:33,680 Speaker 4: people are a little bit more trusting because we've created 574 00:27:33,720 --> 00:27:36,960 Speaker 4: that sense of community for COVID, and we're more likely 575 00:27:36,960 --> 00:27:38,800 Speaker 4: to go you know what, You're right the ato they 576 00:27:38,840 --> 00:27:40,960 Speaker 4: would call me because there's no way they'd just send 577 00:27:40,960 --> 00:27:43,359 Speaker 4: a letter because I can't go in and see them, like, 578 00:27:43,720 --> 00:27:46,960 Speaker 4: we are so much more likely to accept that something 579 00:27:47,040 --> 00:27:49,560 Speaker 4: is online. But I think we just need to stay 580 00:27:49,600 --> 00:27:52,320 Speaker 4: really vigilant and just really aware of our circumstances. 581 00:27:52,760 --> 00:27:55,280 Speaker 2: It's also something that we just don't really talk about 582 00:27:55,280 --> 00:27:59,399 Speaker 2: that much beyond like having different passwords for each platform 583 00:27:59,440 --> 00:28:02,600 Speaker 2: and baking, etc. Like when they said I was going 584 00:28:02,600 --> 00:28:04,399 Speaker 2: to get arrested, I was like, this is it for 585 00:28:04,480 --> 00:28:07,320 Speaker 2: g Yeah, I got a throw sheets on the money away, 586 00:28:07,760 --> 00:28:10,440 Speaker 2: I'm going to prison. I don't know what I've done, 587 00:28:10,440 --> 00:28:11,080 Speaker 2: but it's over. 588 00:28:11,359 --> 00:28:13,199 Speaker 4: I heard you get a call in prison and that 589 00:28:13,240 --> 00:28:16,399 Speaker 4: could have been your podcast every week, So that's okay. 590 00:28:16,520 --> 00:28:17,879 Speaker 4: We would never let you go. 591 00:28:18,200 --> 00:28:18,720 Speaker 3: Thank God. 592 00:28:20,040 --> 00:28:23,000 Speaker 2: My last question here V is will we get our 593 00:28:23,040 --> 00:28:24,480 Speaker 2: money back if we have been scammed? 594 00:28:25,119 --> 00:28:28,840 Speaker 4: No? Sorry, that is the heartbreaking part at the end 595 00:28:28,920 --> 00:28:31,560 Speaker 4: of the day. According to our friends at scam Watch, 596 00:28:31,600 --> 00:28:33,520 Speaker 4: we're not really our friends. They're just a website I've 597 00:28:33,560 --> 00:28:34,800 Speaker 4: frequented a lot. 598 00:28:35,080 --> 00:28:38,560 Speaker 2: They're also not sponsoring this podcast. They're a government website. 599 00:28:38,440 --> 00:28:41,840 Speaker 4: A little government website, and they're really helpful, especially when 600 00:28:41,880 --> 00:28:45,200 Speaker 4: doing research for a scams podcast. But if you've lost 601 00:28:45,200 --> 00:28:47,520 Speaker 4: money to a scam, usually that's it and you're not 602 00:28:47,560 --> 00:28:49,320 Speaker 4: going to get your money back, which is why I'm 603 00:28:49,360 --> 00:28:52,080 Speaker 4: saying things like, please be vigilant if you are going 604 00:28:52,120 --> 00:28:54,480 Speaker 4: to transfer a house deposit, you know what. It just 605 00:28:54,520 --> 00:28:56,240 Speaker 4: takes you two seconds to pick up the phone and 606 00:28:56,280 --> 00:28:59,320 Speaker 4: call the real estate agent. Real estate agent receptionist are 607 00:28:59,400 --> 00:29:02,280 Speaker 4: usually really delightful and they will be more than happy 608 00:29:02,320 --> 00:29:05,040 Speaker 4: to help you out. You're not being annoying, and I 609 00:29:05,040 --> 00:29:07,120 Speaker 4: think so many people need to hear that because so 610 00:29:07,120 --> 00:29:08,520 Speaker 4: many people are like, Oh, I don't want to call, 611 00:29:08,560 --> 00:29:11,040 Speaker 4: I don't want to get somebody else up. No, my friend, 612 00:29:11,360 --> 00:29:15,440 Speaker 4: if it is involving money, your mental health, your actual finances, 613 00:29:15,840 --> 00:29:19,000 Speaker 4: you're not annoying anybody. Just ask the question, because if 614 00:29:19,000 --> 00:29:22,240 Speaker 4: it isn't the right thing, you will be so grateful 615 00:29:22,320 --> 00:29:25,600 Speaker 4: that you actually asked, and they'll be thinking that you're crazy, 616 00:29:25,960 --> 00:29:28,320 Speaker 4: and they'll be like, oh my gosh, that crazy thing 617 00:29:28,320 --> 00:29:30,400 Speaker 4: could have happened to you. I'm so glad you checked. 618 00:29:30,800 --> 00:29:34,440 Speaker 4: So sadly, not nine times out of ten. But if 619 00:29:34,480 --> 00:29:37,479 Speaker 4: you were scammed and paid someone by credit card, you 620 00:29:37,560 --> 00:29:39,600 Speaker 4: might be able to receive a charge back from that 621 00:29:39,680 --> 00:29:42,760 Speaker 4: credit card provider or bank, which will most likely be 622 00:29:42,800 --> 00:29:45,400 Speaker 4: a refund, but often it's a little bit more complex. 623 00:29:45,480 --> 00:29:47,560 Speaker 4: So that is something that you should look into. So 624 00:29:47,720 --> 00:29:50,640 Speaker 4: contact your credit card provider if that's how you've been scammed. 625 00:29:51,400 --> 00:29:54,400 Speaker 3: God could so much today, Victoria Devine. 626 00:29:54,040 --> 00:29:55,880 Speaker 4: It's a little bit scammy, it's a little bit fluffy, 627 00:29:55,920 --> 00:29:58,080 Speaker 4: it's a little bit different. But I genuinely think we 628 00:29:58,080 --> 00:30:00,880 Speaker 4: need to talk about these things because more often not 629 00:30:01,360 --> 00:30:05,360 Speaker 4: people are really embarrassed that they get stung. Yes, they 630 00:30:05,360 --> 00:30:08,080 Speaker 4: make you feel silly, But I think a really important 631 00:30:08,120 --> 00:30:11,320 Speaker 4: thing to point out here is scammers are so smart, 632 00:30:12,040 --> 00:30:14,080 Speaker 4: Like they've gotten to the point where when they send 633 00:30:14,120 --> 00:30:17,120 Speaker 4: you an email, that email looks so legit that you 634 00:30:17,120 --> 00:30:20,440 Speaker 4: will be questioning your questioning of it. So they are 635 00:30:20,480 --> 00:30:23,840 Speaker 4: smarter than actually anybody assumes. And I think that if 636 00:30:23,880 --> 00:30:26,360 Speaker 4: you get stung, it is not your fault. But I 637 00:30:26,400 --> 00:30:29,000 Speaker 4: think that you know, always trying to not be too 638 00:30:29,120 --> 00:30:32,280 Speaker 4: naive and not be too trusting is actually going to 639 00:30:32,280 --> 00:30:33,600 Speaker 4: be of massive benefit here. 640 00:30:34,280 --> 00:30:36,720 Speaker 2: All right, So to wrap today's show, Today, guys, we've 641 00:30:36,760 --> 00:30:39,480 Speaker 2: learned that we need to stay vigilant to avoid. 642 00:30:39,280 --> 00:30:41,160 Speaker 4: Being scammed, because it's that word a lot. 643 00:30:41,120 --> 00:30:43,760 Speaker 2: Vigilant, That is the word of the show. Even though 644 00:30:43,800 --> 00:30:46,440 Speaker 2: we think it won't happen, it definitely can happen to us. 645 00:30:46,520 --> 00:30:48,800 Speaker 2: And intellect really isn't a part of the conversation. It 646 00:30:48,840 --> 00:30:53,600 Speaker 2: happens to everyone, So we've got that. If we do 647 00:30:53,800 --> 00:30:55,880 Speaker 2: want to have a more comprehensive look at the state 648 00:30:55,920 --> 00:30:59,360 Speaker 2: of scams in Australia, definitely look at scam Watch. And 649 00:30:59,400 --> 00:31:01,360 Speaker 2: if you do need to report, this is a really 650 00:31:01,360 --> 00:31:02,320 Speaker 2: comprehensive list there. 651 00:31:02,200 --> 00:31:04,160 Speaker 4: As well, and it's really easy. 652 00:31:04,040 --> 00:31:06,680 Speaker 2: Yes, And if you have been scammed by someone over 653 00:31:06,720 --> 00:31:10,400 Speaker 2: the phone, don't call your mum, call the ATO slash 654 00:31:10,440 --> 00:31:12,520 Speaker 2: whoever the agency is claiming to. 655 00:31:12,560 --> 00:31:14,800 Speaker 4: Be, and then call us because we want to see 656 00:31:15,800 --> 00:31:16,680 Speaker 4: us and have a chat. 657 00:31:17,040 --> 00:31:18,800 Speaker 3: All right, v I do think that is all we 658 00:31:18,840 --> 00:31:20,120 Speaker 3: have time for today. 659 00:31:20,240 --> 00:31:22,920 Speaker 4: Sadly, sadly, it is all we have time for today. 660 00:31:23,080 --> 00:31:25,040 Speaker 4: But just before we head off, we'd like to acknowledge 661 00:31:25,040 --> 00:31:28,000 Speaker 4: and pay respect to Australia's Aboriginal in Torres Strait Island, 662 00:31:28,000 --> 00:31:31,480 Speaker 4: to people's the traditional custodians of the lands, the waterways 663 00:31:31,520 --> 00:31:34,600 Speaker 4: and the skies all across Australia. We thank you for 664 00:31:34,640 --> 00:31:36,560 Speaker 4: sharing and for caring for the land on which we 665 00:31:36,600 --> 00:31:39,360 Speaker 4: are able to learn. We pay a respect to elders 666 00:31:39,400 --> 00:31:42,080 Speaker 4: past and present, and we share our friendship and our kindness. 667 00:31:42,120 --> 00:31:44,360 Speaker 2: And remember guys that the advice shared on She's on 668 00:31:44,400 --> 00:31:46,720 Speaker 2: the Money is general in nature and does not consider 669 00:31:46,840 --> 00:31:50,600 Speaker 2: your individual circumstances. She's on the money, exists purely for 670 00:31:50,760 --> 00:31:53,479 Speaker 2: educational purposes and should not be relied upon to make 671 00:31:53,520 --> 00:31:57,440 Speaker 2: an investment or a financial decision. And we promise Victoria 672 00:31:57,520 --> 00:32:00,920 Speaker 2: Divine is not a scammer. She's an authorized representative of 673 00:32:00,960 --> 00:32:04,920 Speaker 2: Australia Pacific Funds Management Proprietary Limited ABN three four one 674 00:32:04,920 --> 00:32:07,440 Speaker 2: three two four six three two five seven AFSL three 675 00:32:07,560 --> 00:32:09,040 Speaker 2: three nine and one five one. 676 00:32:09,160 --> 00:32:11,360 Speaker 4: And if you're not sick of hearing Georgia say that, 677 00:32:11,560 --> 00:32:14,320 Speaker 4: or maybe you're questioning me, which, to be honest, is 678 00:32:14,400 --> 00:32:17,200 Speaker 4: actually really important for you to do true, look me 679 00:32:17,280 --> 00:32:19,480 Speaker 4: up on the ask to find a financial advisorist and 680 00:32:19,480 --> 00:32:20,560 Speaker 4: you'll see I'm really legit. 681 00:32:20,800 --> 00:32:23,040 Speaker 2: Or google Forbes thirty hundred thirty. 682 00:32:23,040 --> 00:32:23,600 Speaker 3: Who's with me? 683 00:32:25,200 --> 00:32:26,360 Speaker 4: We'll see you next time. 684 00:32:26,640 --> 00:32:27,240 Speaker 3: Bye guys. 685 00:32:27,440 --> 00:32:29,600 Speaker 2: Oh wait, thanks to Tony Lodge for editing today show 686 00:32:29,600 --> 00:32:30,320 Speaker 2: and putting it together. 687 00:32:30,680 --> 00:32:31,360 Speaker 3: Welcome to the team. 688 00:32:31,440 --> 00:32:33,240 Speaker 4: Welcome to the team, Thank you for being here. We 689 00:32:33,320 --> 00:32:33,640 Speaker 4: love you. 690 00:32:33,840 --> 00:32:34,520 Speaker 3: Bye guys,