Budgeting
Planning & budgeting
Saving & investing
KiwiSaver
Tackling debt
Protecting wealth
Retirement
Home buying
Life events
Setting goals
Money tracking
Plan your spending with a budget
Getting advice
Studying
Get better with money
What pūtea beliefs do you have?
How to save your money
How to start investing
Find a financial adviser to help you invest
Your investment profile
Compound interest
Net worth
Types of investments
Term deposits
Bonds
Investment funds
Shares
Property investment
How KiwiSaver works and why it's worth joining
How to pick the right KiwiSaver fund
Make the most of KiwiSaver and grow your balance
How KiwiSaver can help you get into your first home
Applying for a KiwiSaver hardship withdrawal
How to use buy now pay later
What you really need to know before you use credit
How to get out of debt quickly
Credit reports
Know your rights
Pros and cons of debt consolidation
Credit cards
Car loans
Personal loans
Hire purchase
Student loans
Getting a fine
What happens if I start to struggle with moni?
How to protect yourself from fraud and being scammed
About insurance
Insurance types
Insuring ourselves
Wills
Enduring powers of attorney
Family trusts
Insuring our homes
Losing a partner
Redundancy
Serious diagnosis
How to cope with the aftermath of fraud
Separation
About NZ Super
This year's NZ Super rates
When you’re thinking of living in a retirement village
How to plan, save and invest for retirement
Manage your money in retirement
Find housing options in retirement
Planning & budgeting
Saving & investing
KiwiSaver
Tackling debt
How to use buy now pay later
What you really need to know before you use credit
How to get out of debt quickly
Credit reports
Know your rights
Pros and cons of debt consolidation
Credit cards
Car loans
Personal loans
Hire purchase
Student loans
Getting a fine
What happens if I start to struggle with moni?
View all
Protecting wealth
Retirement
Home buying
Resources
Videos
Podcasts
Just wondering
Help with the cost of living
In need of financial help
Booklets
Glossary
Blogs
View all
14 November 2018
Reading time: 4 minutes
Posted
by
Tom Hartmann
, 1 Comments
The right answer to “Have you ever been scammed?” may not be yes or no – it’s “I really don’t know”.
A few years ago overseas there was a list of close to 160,000 names being passed around. This “hit list” of people who had previously been scammed was being sold among fraudsters. Victims are often re-targeted because, unfortunately, they are more prone to being fleeced all over again.
Luckily this particular hit list found its way into the hands of the police, although I’m sure there are many more sold on the dark web these days.
When police set out to warn the unsuspecting targets, however, they discovered something disturbing: many people just could not believe that they had been taken. Not only were they not aware, they would not accept that something like this could have happened to them. That list must be wrong, they said. It must be.
It wasn’t.
Human nature often just does not want to accept that we can be a target or a victim. Even if we do, we dismiss it lightly, tell ourselves we knew it all along and that this time will be different.
We sell ourselves short by not truly learning from experience.
Our Fraud Education Manager at CFFC, Bronwyn Groot, has an extremely frustrating job at times.
As I’ve sat with her and victims of fraud, I’ve realised it’s not just because she has to let people know they’ve been taken. It’s undeniably heart-rending to have to give someone the news that they’ve lost their savings, or are in debt because of fraud.
Rather, she’s often frustrated because when she breaks the bad news to a victim, they refuse to believe her. They cannot even grasp, it seems, that the romance they’ve been a part of for years, or the hundreds of thousands they’ve been pouring into an investment, has been entirely fake.
Con artists are always selling us a story. A story we want to be true – we need to be true. Think about the stories that come with some of the most successful scams out there:
All of these are stories are easy to buy into, easy to agree with, easy to believe.
Perversely, the longer a victim has been believing the story they’ve been sold by a scammer, the more they desperately need it to be true. It can become almost impossible to admit it’s been all for naught.
One of the most timely questions these days – especially in this era of fake news – is simply asking ourselves whether something is legit. I’ve previously written on these pages about fake websites, shipping companies, and even an entire government agency invented to prop up an investment scam.
I almost want to advise people to see something as fake until proven otherwise, but that feels like assuming guilt before proving innocence. Yet perhaps that’s what it takes. Especially if we’re sending money overseas.
Turns out when it comes to fraud happening to others, we can see it much more clearly. It’s much murkier when it’s happening to us.
Con artists, you see, have it pretty easy when it comes to their work on us. We do a lot of it for them by thinking we’re bulletproof, that we’d never miss a trick, that the story we’re being told is somehow different.
We con ourselves.
These days, we all need to try a new way of reacting to offers and approaches. Stop and think, “Is this for real?”
What’s with insurance in 2024? Five things to do when your premiums surge
1 Comment
My Money Sorted: Gordon
1 Comment
Guided by Matariki, it’s the perfect time to think ahead
1 Comment
Job loss? 6 steps to bounce back from redundancy
1 Comment
My Money Sorted: Jaelyn
2 Comments
5 steps to get your $521
3 Comments
Use verification code from your authenticator app. How to use authenticator apps.
Code is invalid. Please try again
Don't have an account? Sign up
Or log in with our social media platforms
A Sorted account gives you a personal dashboard where you can save your tools, track your progress and you'll also receive helpful money tips and guidance straight to your inbox.
Or sign up with our social media platforms
Comments (1)
Comments
9 June 20
:)
No one has commented on this page yet.
RSS feed for comments on this page | RSS feed for all comments