Scamwatch- Australias toothless tiger.
I just spoke to Scamwatch to report several suspected scams. What I was told shocked me.
They told me that basically they can not, will not, do anything to investigate these companies!
They will not even name suspected companies..just as a precaution. Talk about doing nothing.
So what is the excuse for not doing anything? “Well, there are so many so it would be impossible”. Yes, that is what they said. Well you could always start with one, and move on after that to the next one. At least it is something. Same with naming companies..”there are so many and they change their names so often”. Well it is not going to hurt to have known names as a starter. So this means you can’t even search for a company you want to check up on…just to see if you should be a bit cautious.
You can report a suspected scam, but they wont then list it..so what is the point!
I had to ring a second time before I got a girl who at least was a little more helpful and is trying to escalate it so I can get a call back by a senior agent at the ACCC (Scamwatch is a branch of the ACCC) 25/07/2014 still waiting..
Here is a much more helpful page from the Queensland Police:
But, having said all that, and despite the general skimming nature of the information, it is perhaps worthwhile reading the scamwatch website, particularily in relation to sports investment scams and it is still a necessary step to report whatever scam you have been caught up with to them, so that at least they may start to build some weight of evidence against a particular company…in the hope that one day they may do something.