Email By Rebecca Trigger and Anthony Pancia Updated September 20, 2019 09:44:12 Photo: A screenshot of one of the bogus ABC News articles used to publicise the scam. (Supplied: Consumer Protection WA) Related Story: It’s known as the ID ‘golden ticket’. Once fraudsters get hold of it your life is forever compromised Related Story: A single text message tipped me off to a whole new kind of identity theft Map: Perth 6000 A West Australian woman has lost more than $600,000 to an online investment scam that used a bogus endorsement by mining billionaire Andrew Forrest and created fake ABC News articles to publicise the scam on Facebook and LinkedIn. Key points:The woman was sucked in by investment ads promoted on social media networksShe said law enforcement authorities were not equipped to deal with her problemMr Forrest said he never disclosed his investment decisions beyond his legal obligations The woman, who has asked not to be identified, saw advertisements for an online trading platform on social media in March.Over several months she transferred a total of $670,000 to the scammers, believing it was being invested on her behalf.The woman said at first she believed the site was legitimate as the… Read full this story
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