Cobden police have urged people to be wary of overseas-based internet share investment schemes after an elderly Cobden woman lost more than $100,000 in a scam.
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Sergeant Heather Morris of Cobden police said the scam used the name of a legitimate London-based company as a front but further investigations found enquiries were re-routed to a contact point in Romania.
The scammers sent a computer program to the women which she installed on her computer and used the program to steal more than $100,000 from the woman’s superannuation.
Sergeant Morris said there was little chance of the money being recovered.
She said people who receive offers from overseas through the internet about investment schemes should first get investment advice from a bank or the police to ensure they were investing in a legitimate company.
She said the old maxim applied of “if it’s too good to be true, it probably isn’t.”
