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Wednesday, 16 January 2013

Warning as victim loses $120,000 in superannuation fraud

Posted on 02:31 by Unknown

January 16, 2013 at 11:23 am
Police are warning those members of the community with self-managed superannuation and investment funds to be extra vigilant following the arrest of a 35-year-old man with a $120,000 fraud offence.

It is alleged the 35-year-old man gained access to the victim’s superannuation fund and withdrew large sums of money. The victim noticed the problem when he could not gain access to his superannuation account.
Detective Superintendent Brian Hay of the State Crime Operations Command’s Fraud and Corporate Crime Group said people who manage their own investments and accounts need to be extra cautious.
“While we focus quite heavily on internet scams and securing your identity online, sometimes we forget scams like this can occur from old fashioned mail theft.
“Someone may steal your bank statement out of your mail box and use those details to gain access to your money.
“Consider online statements, but when moving to an online source, do not respond to emails from banks or funds requesting you update your password or details and go the extra mile and do further checks when contacted by your institution.”
The 35-year-old man has been charged with one count of fraud and one count of deal with identification particulars.
He will appear in Cleveland Magistrates Court today.
This entry was posted in Fraud, Metropolitan Brisbane. 
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