Investment scams (and how to avoid them) with scam fighter Wadzanai Nenzou

Apr 23, 2024

Financial educator and scam expert Wadzi Nenzou discusses the rise of investment scams in Australia, with 45,000 reported cases in 2024. The podcast covers the devastating impact of scams, practical tips for protection, the role of AI in scams, and empowering listeners to recognize and combat evolving scam tactics. It also offers valuable resources for avoiding scams and maximizing financial opportunities.

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Introduction

00:00 • 2min

Unveiling the Devastating Impact of Investment Scams

02:06 • 16min

Protecting Yourself from Investment Scams

18:23 • 13min

The Influence of AI on Investment Scams

30:53 • 5min

Empowering listeners to protect against scams and seek support if scammed

35:59 • 2min

Tips on Avoiding Scams and Where to Find More Information

37:43 • 2min

Maximizing Financial Opportunities

39:31 • 10min

We’ve all watched documentaries and shows on Netflix, such as Tinder Swinder, Inventing Anna, The Wolf of Wall Street, and the FYRE festival, which never happened.

But did you know that, so far in 2024, ScamWatch stats show that 45,000 Australians have reported scams this year, totalling financial losses of over $55 million?

The leading cause - investment scams.

Today, Kate Campbell chats with financial educator and investment scam expert Wadzi Nenzou about protecting ourselves and our loved ones from losing money to an investment scam.

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DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.

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