How to avoid falling victim to an online financial scam | ABC News

One of the big trends in online fraud is the emergence of Fake Investment Scams. Consumers are think they are dealing with major banks or investment companies but in reality they are being tricked into handing over their life savings to scammers.
In this story we go deep inside a scam to see exactly how one Melbourne man was tricked by scammers posing as financial advisors from JP Morgan.
The real JP Morgan has nothing to do with it and didn’t even have any idea it was going on until much month after the scams had begun. The inside workings of these scam operations are so clever it could happen to anyone.
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