Have you ever been duped by an email promising a job or a too-good-to-be-true offer? Join us as we unravel the intricacies of internet and email scams, examining everything from phishing emails to suspicious job offers for remote workers in the Philippines. We recount our personal run-ins with these scams, sharing tales of misleading ads on streaming sites and WhatsApp messages from people pretending to be local contacts. We also discuss how Android devices can help manage the influx of pop-up ads that plague our digital experiences, and take a brief detour to discuss the rescheduled boxing match between Tyson and Jake Paul, underscoring how internet scams and advertising influence our daily lives.
Shifting the focus to the crypto world, we expose how scams have become a primary method of financial fraud, especially targeting older men through romantic deceptions. Hear the gut-wrenching story of one man who lost $140,000 to such a scam. We highlight the regional impact of these scams, pinpointing New South Wales and Victoria in Australia as significant hotspots, and reveal how imposter scams have led to Americans losing a jaw-dropping $10 billion in 2023 alone. This episode is a must-listen for anyone wanting to understand the global scale of scams and learn the red flags to guard against.
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The advice shared on The Finance Bible is general in nature and does not consider your individual circumstances. The Finance Bible exists purely for educational / entertainment purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs.
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Disclaimer:
The information provided in this podcast is general in nature and does not constitute personal financial advice. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on any information, you should consider the appropriateness of the advice, having regard to your own objectives, financial situation and needs. Asset Road Pty Ltd recommends you seek independent financial, legal, taxation or other advice as required. All investments carry risk. Past performance is not indicative of future results.
