ASIC released an announcement related to scammers taking advantage of the people during COVID-19 pandemic. ASIC has urged people to be aware of the fake website and social media page that is misleading and scamming investors.
These pages wrongly display ASIC Chair James Shipton’s name and photos to give the feeling that the concerned person is the Chief Executive Officer of the fake entity. These pages make false claims of buying ASIC Insurance on a weekly basis and seeing high returns of 70% from the scheme.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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