People are advised to carefully consider any offers made to them to invest in schemes that guarantee high return for their investment. People should seek independent professional advice before providing money to persons or businesses.
Lottery Sweepstakes Scam
This scheme appears to originate from Spain and operates by forwarding letters to people advising them that they have won large sums of money through the 'El Gordo Lottery Sweepstakes'. The nominated winners are then asked to deposit a sum of money, usually several thousands of dollars, into a Spanish bank account in Madrid in accordance with apparent banking regulations so that the transfer of funds to the winners account cannot be effected. When the money is transferred, the perpetrators of this fraud cease all contact with the victims and the money paid by people is unable to be retrieved. People are advised to not engage in this type of financial offer.
Nigerian Loan Scam
This type of scheme operates worldwide and is distinctive by the geographical location of where the people making the offer reside: Nigeria. It generally occurs when people receive either a hard copy letter, fax or e-mail allegedly from a Nigerian Government official seeking to make use of an overseas bank account to deposit large sums of money into (eg. $20 million). In return, the account holder receives a guarantee that they will receive a large sum of money (e.g. $2 million) for the use of the account.
If people agree, they are requested to supply their account details, specimen signatures and company letterheads, if they have one. Once the perpetrators of these schemes are supplied with the account details, they then are able to fraudulently withdraw money from the account without the victim's knowledge.
People are advised to exercise caution and to not engage in this type of financial offer.
Worldwide Winners Search Centre
This scheme originates from the Gold Coast and operates by forwarding letters to people inviting them to send $19 which is then entered in an Australian Lotto draw. The wording of the letter sent is such that it could be misinterpreted and people may, in fact, be led to believe that they have won millions of dollars and that all they need to do to collect the winnings is to send $19 to the Gold Coast-based business.
This type of scheme generally requests urgent replies and allows payment by way of credit card. People are advised to carefully read all material sent to them that offers large winnings in return for small investments, and to exercise caution when considering the offers made by these types of schemes.
Universal Holding Centre
This scheme originates from Brisbane and operates by forwarding letters to people advising them that they have been selected to receive either $4,000 of premium merchandise certificates or a $4,000 package. To claim the winnings, the person is asked to send $19.98 through an attached envelope. People who have sent this money have advised police that they have never received their promised winnings.
People are advised to not engage in this type of financial offer.