08 7905 7006: Scam - Investment Fraud Attempt

• Scam

The phone number 08 7905 7006 has been reported as a scam targeting individuals with fraudulent investment opportunities. Learn how to identify such scams and protect yourself from potential financial loss.

Understanding the Nature of 08 7905 7006

The phone number 08 7905 7006 / 0879057006 has been flagged by multiple users as a suspicious number, specifically associated with scams aimed at promoting fraudulent investment opportunities. Individuals have reported receiving calls from this number, where the caller falsely claims to represent an investment company offering shares in Initial Public Offerings (IPOs).

The Scam Explained

Such scams typically follow a defined pattern. The caller engages the target by presenting an irresistible opportunity to invest in upcoming IPOs, often promising high returns with minimal risk. This tactic exploits the lure of quick financial gain and the allure of being part of exclusive investment opportunities.

How to Handle Calls from 08 7905 7006

• Do Not Engage: If you receive a call from this number, it’s advisable not to engage in conversation. Legitimate investment opportunities generally come from established companies, often via direct communications like emails or through personal networks.
• Do Your Research: If someone claims to offer investment deals, conduct thorough research. Use resources like Reverseau to check the credibility of the company and whether the number has been reported for scams.
• Report the Number: Report this number to relevant authorities such as the Australian Competition and Consumer Commission (ACCC) or your local consumer protection agency, which helps raise awareness about fraudulent calls.
• Use a Reverse Phone Lookup: If you're unsure about a number, utilise services like Reverse Phone Lookup Australia to identify the caller and determine if other users have flagged it as a scam.

Conclusion

In summary, the number 08 7905 7006 / 0879057006 is linked to an investment scam, with users urging others to be wary of unsolicited calls regarding IPO shares. Always prioritise your safety by verifying callers, and don't hesitate to share your experiences to help others avoid these fraud attempts. Remember, being informed is your best defense against scams!