02 8379 7177 - Scam Alert: Fake Binary Trading Company

• Scam

The phone number 02 8379 7177 has been reported as a scam related to a fraudulent binary trading company. Learn how to recognise and deal with calls from this number.

Overview of 02 8379 7177

The phone number 02 8379 7177 / 0283797177 has been associated with scam calls, specifically linked to a fraudulent binary trading operation. Users have reported this number as being connected with CogniTrade, an entity notorious for scamming individuals through deceptive trading schemes.

The Nature of the Scam

Calls from 02 8379 7177 / 0283797177 are primarily aimed at luring individuals into investing in fake binary trading platforms. Scammers often present themselves as financial advisors or representatives from a reputable trading company, using high-pressure tactics to convince unsuspecting victims to deposit money into their fraudulent platforms. Once funds are transferred, it becomes nearly impossible for the victim to retrieve their money.

How to Identify a Scam Call

Recognising a scam call can be challenging. However, there are common signs you should look out for:

• Unsolicited Calls: If you receive a call from this number without any prior contact, be wary.
• Pushing for Immediate Action: Scammers often pressure callers to make quick decisions without adequate time to think.
• Promise of Quick Returns: Any financial opportunity that guarantees high returns with little to no risk is usually a red flag.

What to Do if You Receive a Call from 02 8379 7177

If you receive a call from this number, here are steps you should take:

• Do Not Engage: Avoid giving personal information or engaging in conversation with the caller.
• Hang Up: If you suspect a scam, it is best to hang up immediately.
• Report the Call: Consider reporting it to the Australian Competition and Consumer Commission (ACCC) or using a service like Reverseau for further insights.

Conclusion

In summary, the number 02 8379 7177 / 0283797177 has been classified as a scam related to a fraudulent binary trading company. If you encounter this number, stay alert and remember the helpful strategies outlined above to protect yourself from potential scams. For more information and to ensure you never fall victim to such calls, explore resources like Reverseau's Reverse Phone Lookup Australia feature or check "Who Called Me Australia" for further caution.