Page last updated: 16 November 2021

Real life scam stories

Around one in five Kiwis has been targeted by an investment scam, according to FMA research, Unfortunately, some have actually lost money.

Scammers thrive on the shame that often comes with such a loss. They don’t want victims to tell others about it because that could disrupt their dishonest activities.

Below are real stories of everyday Kiwis who lost money to investment scams – but took positive action by reporting it to the FMA and then sharing their stories so others can see what scams look like.

You can be a hero too. If you see or hear of any suspicious investment offers, contact the FMA.

Search Results

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  1. 12 November 2018

    Know the scam warning signs: Bob’s story highlights the tactics scammers use

    Bob is a consultant who lives in Christchurch. He’s invested in shares for many years, owns his own home, and is in KiwiSaver. Recently, Bob lost $67,000 through a ‘boiler room’ share scam after an overseas company called him, offering him the chance to invest in a pharmaceutical firm.