Investment scam operators often promise very high returns with little risk to your initial capital.

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They had documents suggesting the floatation was genuine and many shares were being purchased. They also sent me a passport scan for the broker to confirm they were a genuine person and I believed the share offer and the company was real.

Once I had invested the money the company disappeared and I can no longer contact them. In many cases, they have professional looking websites and smooth talking sales staff who are skilled at sealing a deal with the promise of good returns.

New Zealand internet users should be suspicious of any unexpected investment offers and always deal with companies authorised to operate in New Zealand.

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Registration on the Financial Service Providers Register FSPR is not an official approval of an individual, business, or organisation.

The Financial Markets Authority provides lists of individuals, professionals, markets and businesses licensed or authorised to operate in New Zealand.

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You can also download or print a PDF copy of their advice titled: How to spot an investment scam. Next post Common Questions About Pornography Previous post Digital Citizenship and Digital Literacy.

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