For the first nine months of 2019 traders in Australia have lost over 33 million USD in investment scams, the latest data of the Australian Competition and Consumer Commission (ACCC) reveals. The losses suffered by Australian investors have increased by 16.4% compared to the AU$41.97 million ($28.41 million) lost in 2018 as a whole. The AU$48.85 million ($33.0 million) lost for the first nine months of the year are in connection to some 4331 reports, of which 41.2% involved financial loses. In 2018 the ACCC received 4864 complaints, with only 27.6% of them involving financial loss.
Bet Yanks lots 100x's that easy, they used to give Billions to UK and EU poker players while drunk mainly, before they banned out of country gambling.
I received a couple recently on mobile phone text, my bank account was frozen, "please click this link in order to resolve."
Dementia on one end, greed on the other. I am especially handy with computers, worked in an IT security role etc. and lost count of the number of staff asking me what to do for some elderly relative or friend who had paid "Microsoft" for support. Then moving to trading and not as much but still guys trying to sell their options investment services. Do you have x years of statements on a live account? No? then get lost but the high return number has many enthralled, why populism works.
We should be, but unfortunately a lot of people aren't. And sometimes it's less about intelligence than it is about lack of knowledge and naivety, unfortunately. Some people are just gullible.