03 7047 6397: Scam Alert - Financial Product Inducement

2-min Read1 Report

  • Scam

03 7047 6397 is reported as a scam number trying to induce victims into trading financial products. Learn how to identify and handle calls from this number safely.

Understanding the Threat Behind 03 7047 6397

If you've received a call from 03 7047 6397 / 0370476397, it's essential to be informed about its reputation. Recent user reports have categorically identified this number as part of a scam operation, specifically targeting individuals to induce them into trading financial products.

Type of Scam

This phone number has been associated with financial inducements, where callers attempt to persuade or pressure unsuspecting recipients to enter into dubious trading arrangements. In one case, a user was provided with a purported Australian Financial Services Licence (AFSL) number, which is a common tactic used by scammers to give a false sense of legitimacy. The aim is to potentially gain access to your financial information or direct you towards illicit trading platforms.

How to Handle Calls from 03 7047 6397

If you receive a call from this number, it is crucial to take the following steps:

  • Do not engage: Immediately hang up if you feel pressured or suspicious about the conversation.
  • Verify the caller: If they claim to be from a legitimate organisation, request their details and independently verify their identity either through their official website or regulatory body contacts.
  • Protect your information: Never share personal, financial, or sensitive information over the phone unless you are absolutely sure of whom you are speaking to.
  • Report the scam: Inform the Australian Securities and Investments Commission (ASIC) if you suspect that you have been targeted by scammers.

The Bottom Line

Identifying numbers like 03 7047 6397 / 0370476397 is essential for protecting yourself against financial scams. Using tools like Reverse Phone Lookup Australia can help verify dubious contacts before you decide to engage. Staying alert and informed can significantly reduce the risk of falling victim to such deceitful practices.


Help others by sharing your experience with (03) 7047 6397!

WRITE A REVIEW

Ratings Distribution

1.0 out of 5
5 Stars 0%
4 Stars 0%
3 Stars 0%
2 Stars 0%
1 Star 100%

What Our Users Reviewed

M
Matey

03 7047 6397 tried to induce me to "trade" in financail products. I asked for and was given the supposed AFSL licence number of 1237569123 and when I asked the caller to hold on while I checked with ASIC the call was treminated immediately by the caller. The scammers keep caller so it must be fruitfulfor them? If you're reading this I hope it's not because you've been induced to enter into any sort of supposed arrangement. If you have abort the dealings immediately and say tat ta to your money.


Help others by sharing your experience with (03) 7047 6397!

WRITE A REVIEW