The scammers also ask people to provide further funds while their profits are being held in a trust.
ASIC’s Peter Kell said anyone who had been a victim of this scam or who believed their account had been compromised, should contact their financial institution immediately.
“These scams are constantly evolving and are becoming more sophisticated in their efforts to convince unsuspecting consumers,” Mr Kell said.
“Once the money paid to these callers goes overseas, it is almost impossible to recover.
“We strongly urge consumers to be wary and to be extremely cautious of any follow-up communication.”
Mr Kell said anyone who was contacted by a scammer should simply hang up or delete the email and block the sender.
Help protect yourself with these measures:
- If you receive an unexpected phone call or email claiming you are entitled to reclaim money for a fee, hang up or delete the email and block the sender.
- Never send money or give your financial details to someone you don’t know and trust.
- Keep in mind that government departments and financial institutions would never ask for your personal details via unsolicited emails or text messages.
- If you’ve provided your bank account or credit card details to a scammer, contact your bank or financial institution immediately.