Victorian mother and son lost $200,000 in AMP banking scam involving fake emails and fraudulent documents.

A Victorian mother and son lost $200,000 in an AMP banking scam involving fake emails and fraudulent documents. The scammers, impersonating AMP staff, convinced them to transfer funds to a company called Supercheap Security. Mehdi, linked to the scam, admitted to the fraud but claimed he was misled by a friend who controlled the company. The scam reflects a rise in investment fraud in Australia, with losses totaling $382 million in 2023-24.

September 23, 2024
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