03 7066 8106 - Pump and Dump Scam Alert

• Scam

Beware of the number 03 7066 8106, reported as associated with a pump and dump scam. Learn how to identify and handle such calls effectively.

Understanding the Scam Behind 03 7066 8106

The phone number 03 7066 8106 has recently come under scrutiny, classified as associated with a pump and dump scam. This fraudulent practice involves con artists contacting individuals under the guise of an investment firm, soliciting personal information while promising lucrative investment opportunities that are too good to be true.

What Users Have to Say

In a report dated 01/03/2023, a user recounted a call where the individual on the other end asked for their real name, under the pretense of conducting business. These tactics are indicative of scammers attempting to manipulate victims into revealing sensitive information, which can lead to significant financial losses.

Why This Number is Deemed Suspicious

• Unsolicited Call: Many users have received unexpected calls from this number, which raises red flags.
• Investment Pitch: The approach of offering investment opportunities is a common characteristic of fraudulent schemes.
• Pressure Tactics: Scammers often use aggressive techniques to push individuals to make hasty decisions regarding monetary investments.

How to Handle Calls from 03 7066 8106

Given the nature of the scam associated with this phone number, it's critical to stay vigilant. Here are some practical steps you can take if you receive a call from 03 7066 8106:

• Do Not Provide Personal Information: Never divulge information such as your full name, address, or financial details during these calls.
• Hang Up Immediately: If you suspect a scam, it’s best to end the call. Trust your instinct if something seems off.
• Report the Number: Inform the relevant authorities or use a Reverse Phone Lookup Australia service to match phone numbers with potential scams.
• Block the Number: Prevent future unsolicited calls by blocking this number from your device.

In summary, phone number 03 7066 8106 is linked to a pump and dump scam, primarily targeting individuals with dubious investment opportunities. Stay informed and cautious with your personal information to avoid falling victim to such fraudulent activities.