08 8983 9734: Investment Scam and Telemarketer

• Scam
• Legit

Receive calls from 08 8983 9734? This number is associated with a dubious investment company pushing an IPO scam. Read this guide on how to respond to calls from this phone number to protect yourself.

Understanding the Nature of Calls from 08 8983 9734

If you've recently received a call from 08 8983 9734 / 0889839734, you're not alone. Many users have reported being bombarded by calls from this number, which is linked to a Darwin-based investment company. However, the persistent nature of these calls and user feedback categorise this number as a telemarketer calling to promote an investment opportunity that is suspected to be an IPO scam.

Evaluation of User Reports

Based on the reports, particularly the one dated 29 May 2022, it appears that callers identify themselves as representatives of an investment company. However, the legitimacy of these claims is highly questionable. Another user review from 30 May 2022 explicitly labels it as an "IPO SCAM," further validating the concerns surrounding this phone number.

What is an IPO Scam?

An Initial Public Offering (IPO) scam typically involves fraudulent claims about a company's potential profits or growth prospects, encouraging individuals to invest in stocks of certain companies before they go public. Scam artists lure in victims by promising significant returns, only for them to find out that the investment does not exist, or the company was never legitimate.

How to Handle Calls from 08 8983 9734

To safeguard yourself from potential scams associated with this number, consider the following tips:

• Do Not Engage: If you answer a call from this number, refrain from sharing any personal or financial information.
• Block the Number: Most smartphones allow you to block numbers that repeatedly call you. This is an effective measure to reduce further harassment.
• Report the Number: Use platforms like Reverseau to report this number and check for user experiences, as many victims often share their stories.
• Stay Informed: Understanding different types of scams can help you recognise and avoid falling victim to them. Regularly check for updates related to common identity theft or investment scams in Australia.

Conclusion

08 8983 9734 / 0889839734 is predominantly viewed as a number linked to a dubious investment solicitation. Always verify any investment opportunities, especially if they originate from unsolicited calls. Stay vigilant and use resources like Reverseau for a reverse phone lookup in Australia, to know who called you and to ensure you’re not misled by these scams.