Comments on: ASIC snuffs out 10,000 investment scam sites https://financialnewswire.com.au/investment/asic-snuffs-out-10000-investment-scam-sites/ A specialist news site for financial advisers, fund managers, superannuation executives and suppliers. Tue, 04 Mar 2025 02:00:06 +0000 hourly 1 https://wordpress.org/?v=6.9 By: Angry man shouts at sky https://financialnewswire.com.au/investment/asic-snuffs-out-10000-investment-scam-sites/#comment-6960 Tue, 04 Mar 2025 02:00:06 +0000 https://cea.demo-sites.me/?p=156941#comment-6960 This provides little peace of mind, for the 600,000 Australians that got scammed in 2023 alone. ASIC are truly a disgusting organization for knowing about many of these scams,being warned and sitting on their hands whilst Australians lost their lives.

ASIC have blood on their hands, are gutless, and are complete mongrels in my book. They were asleep at the wheel. I contacted ASIC about numerous scams such as the Citibank scam and ASIC could have closed down their Australian operated Bank accounts that afternoon by contacting the Bank but it drifted on for weeks and Australians got ripped off.

Too Late for those who had their lives ripped apart. Meanwhile they’ve got more resources chasing down Advisers for spelling mistakes in a Fee Disclosure document and you’ll bet they’ll rip advisers apart in 2030 for a defective FDS from 2024.

]]> By: Phil Jarson https://financialnewswire.com.au/investment/asic-snuffs-out-10000-investment-scam-sites/#comment-6955 Mon, 03 Mar 2025 22:03:30 +0000 https://cea.demo-sites.me/?p=156941#comment-6955 Credit where credit is due this is decent work from ASIC, upholding one of their primary functions to protect consumers from these blatant scams. I do worry about ASIC trying to prosecute these criminals with their track history. Surely they would be better off referring these cases to the AFP to charge as fraud cases.

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