Risks associated with investments promised via Facebook

We are urging our Members to be cautious of investments promised via Facebook Marketplace.

Scammers via Facebook Marketplace use a variety of tactics to manipulate buyers and sellers of the platform, often disguising themselves as one or the other. These scammers often send emails or text messages that reflect an investment scheme asking you to click on a link to find out more.

Possible scenario

Fake emails are sent to Marketplace sellers that look like they’re from a payment service such as PayPal confirming a payment has been made for the product you are selling. However, no payment has been made, and the scammer has received the product for ‘free’.

How to protect yourself from this type of scam

• Take time to read suspicious emails or text messages (scammers often use urgency as a tactic to trick you into giving money or personal information).
• Check the email thoroughly (these emails often mention a problem that needs a solution quickly). Check the facts and details before taking action.
• Do not send any personal data or information (often these scammers use profile pictures of employees in a familiar business to convince you of their legitimacy).

If you believe you have been scammed, call us immediately on 1300 36 2000.

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