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Results for investment fraud

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Author: Australian Crime Commission

Title: Serious and Organised Investment Fraud in Australia

Summary: Serious and organised investment fraudsters target Australian investors with promises of high investment returns, using 'cold call' techniques and backing up their claims with fraudulent websites to which the criminals can direct unsuspecting investors. This type of fraud involves the illegal and often aggressive selling of worthless or overpriced shares. It is generally highly organised, spans multiple jurisdictions and uses sophisticated technology. This type of fraud also involves non-compliance with share-listing requirements, making fraudulent statements to shareholders and using false identities. Serious and organised investment frauds place high pressure on people to take up the investment offer. Typically based off shore, these investment frauds use the internet to conduct their illegal operations. They are incredibly sophisticated and very difficult for even experienced investors to identify.

Details: Canberra: Australian Institute of Criminology, 2012. 43p.

Source: Internet Resource: Accessed August 3, 2015 at: https://www.crimecommission.gov.au/sites/default/files/SOIFA_Report_030812.pdf

Year: 2012

Country: Australia

URL: https://www.crimecommission.gov.au/sites/default/files/SOIFA_Report_030812.pdf

Shelf Number: 136291

Keywords:
Financial Crimes
Fraud and Corruption
Internet Crimes
Investment Fraud
Organized Crime