Knowing the warning signs can stop you being scammed – Bob’s story
Bob (not his real name) is a consultant who lives in Christchurch. He’s invested in shares for many years, owns his own home, and is in KiwiSaver.
Recently, Bob lost $67,000 through a ‘boiler room’ share scam after an overseas company called him, offering him the chance to invest in a pharmaceutical firm.
He said no, but out of interest, researched the company online...