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Economist slams bitcoin as ‘mother of all scams’ – 16 October 2018
An economist has slammed bitcoin and other cryptocurrencies as “the mother of all scams”. Bitcoin has lost about two thirds of its value since peaking at $US20,000 in December, with the digital currency hovering around $US6000 for most of 2018. Many people scammed into thinking they were going to make money now part of a potential financial crisis.
New Zealand tops list of most-scammed countries – Microsoft – 16 October 2018
New Zealanders are the most likely people in the world to have experienced a tech support scam, according to a new study from Microsoft. Young male New Zealanders are especially susceptible to losing money from tech support scams, thanks to a tendency towards risky behaviour and overconfidence in their technical abilities.
https://securitybrief.com.au/story/new-zealand-tops-list-of-most-scammed-countries-microsoft
Former Banker To Be Tried For Mortgage Fraud – 15 October 2018
A Melbourne man accused of defrauding more than $36 million from the Commonwealth Bank will stand trial. Andrew Cameron has pleaded not guilty to conspiring with others to defraud the CBA by providing false documents and information to secure about 121 home loans.
https://www.propertynerd.com.au/news/former-banker-to-be-tried-for-mortgage-fraud
Commonwealth Bank Dollarmites Scam Disclosed By CBA’s CEO – 15 October 2018
The CEO of Commonwealth Bank of Australia (ASX: CBA) has recently disclosed that the thousands of children’s Dollarmite accounts have been fraudulently used by the Bank’s staff members to earn bonuses and achieve the targets.
https://kalkinemedia.com/2018/10/15/commonwealth-bank-dollarmites-scam-disclosed-by-cbas-ceo/
