0421 770 123 - Scam Alert: Caller Misrepresents as Stockbroker

• Spam
• Scam

0421 770 123 has been reported by users as a scam number linked to fraudulent stockbroking. If you receive a call from this number, read on for tips on how to handle it.

Understanding Caller 0421 770 123

The phone number 0421 770 123 / 0421770123 has raised significant concerns among users, with multiple reports categorising it as a scam. Primarily, the caller identifies as Christopher Basil Bailey and attempts to engage potential victims under the guise of a stockbroker. Such deceptive practices fall under investment fraud, a type of scam where victims are lured with promises of high returns on minimal investments.

According to reports received on 7th September 2022, it became evident that this number is affiliated with a person known for scam operations. Additionally, on 13th September 2022, users indicated that the caller is referred to as the "Divvera guy," which further raises red flags regarding the legitimacy of his claims.

Identifying Stockbroking Scams

Scammers like those behind 0421 770 123 / 0421770123 usually operate by:

• Promising high returns with little risk.
• Pressuring victims to invest quickly.
• Offering unsolicited investment advice or services.

If you receive a call from this number or any similar ones, it is essential to take appropriate action:

• Do not engage: Avoid giving out personal information or financial details.
• Research: Use tools like Reverseau or Reverse Phone Lookup Australia to identify the caller.
• Report: Notify the relevant authorities or consumer protection agencies about the scam.

Ultimately, awareness and cautiousness can protect you from falling victim to such scams. If you find yourself questioning a call, always prioritise verifying the identity of the caller through trusted methods such as online resources and user reviews.