How Criminals Use Fake Websites to Promote Investment Scams
Criminals are creating fake websites that mimic legitimate businesses to sell fake investment bonds. These scams offer high returns and falsely claim government protection, luring victims into sharing personal details and transferring large sums of money.
In 2024, scammers even impersonated major brands like Bunnings, promoting “environmental bonds” with investment options from $50,000 to $250,000 and promising up to 9% returns. These offers were completely fake. The fake websites appeared in search results and included logos, branding, and links that redirected users to the real Bunnings site—making them appear trustworthy.
The National Anti-Scam Centre and ASIC have since taken down thousands of these fraudulent sites. However, scammers continue to evolve their tactics.
Tips to Protect Yourself:
- Be cautious of surprise investment offers.
- Never trust investment advice from social media connections.
- Always verify the licence of an investment promoter through ASIC’s website.
- Review the Moneysmart investor alert list for known scam websites.
- Cross-check business details on the official website, not just search results.
Fake investment scams are growing—take steps to protect your money and personal information.