02 8379 8070: Scam Alert - Unlicensed Trading Operation

• Scam

Beware of 02 8379 8070, known for scamming users through unlicensed trading schemes. Learn how to recognise these calls and protect your finances.

Introduction to 02 8379 8070

The phone number 02 8379 8070 / 0283798070 has been reported by users as part of an unlicensed trading scam operation run by a call centre, primarily consisting of Filipino operators. This alarming revelation highlights the importance of being cautious when receiving calls from unknown numbers, especially those promising lucrative trading opportunities.

Classification of the Number

Based on user reviews, it is clear that 02 8379 8070 / 0283798070 falls under the category of scam, specifically relating to a fraudulent trading operation. Users have described the callers as representatives of FTO online trading, who solicit investments through misleading tactics, often targeting vulnerable individuals. They are reported to conduct their activities from a call centre located overseas, which complicates any attempts at holding them accountable.

The Nature of the Scam

This particular scam involves unlicensed brokers who promise significant returns on investment through trading in various markets. However, once victims deposit their funds, they often find it challenging or impossible to withdraw any money, resulting in substantial loss— as evidenced by a heartbreaking account of a user whose daughter lost $6000.

What to Do If You Receive a Call From This Number

• Do Not Engage: If you receive a call from 02 8379 8070 / 0283798070, it is advisable to avoid any conversation with the caller. Engaging with them may lead to persistent harassment.
• Report the Number: It is paramount to report any suspicious activity to authorities such as ASIC (Australian Securities and Investments Commission) to help prevent others from falling victim to these scams.
• Utilise Reverse Phone Lookup: Use services like Reverseau to identify unknown numbers and gather insights before deciding to answer a call.
• Spread the Word: Inform friends and family about this number and the associated scam to protect them from potential financial loss.

Conclusion

In conclusion, 02 8379 8070 / 0283798070 is a phone number associated with a dangerous and fraudulent investment tactic. Always remain vigilant, trust your instincts, and utilise resources like Reverseau to protect yourself from scammers. A little vigilance can go a long way in ensuring your financial safety.