Australians have lost $926 401 to investment scams in January 2019, revealedthe latest Scamwatch report issued by the Australian Competition & Consumer Commission (ACCC). Although the figure seems solid, it actually marks a decrease of 48% when compared to previous month, and nearly 80% decline from January 2018, when the total loss to investment scams amounted to $4 631 103. If we look more globally, Australians reportedly lost $38 846 635 collectively in 2018 to investment scams. The figure represents a 24% increase when compared to 2017, which is a worrisome trend. The large majority of investment scams are still focused on traditional investment markets like stocks, real estate or commodities, but cryptocurrency trading and binary options are also popular among fraudsters.
Try $14,000,000 USD of investment losses by US investors in pension funds and retirement funds from reverse merger frauds by Chinese companies in The China Hustle: https://www.netflix.com/ca/title/80221646