Log in to your account

Don't have an account? Sign up

Or log in with our social media platforms

Create your Sorted account

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.

Give us your details

First name

Last name

Year of birth

Email address

Money topics you're interested in

Password

Worst

Sorted will use the info you provide in this form to get in touch and provide news, updates and marketing.

Yes, I'd like money content straight to my inbox.

You can change your mind at any time by clicking the unsubscribe footer in any of the emails you receive from us, or by contacting info@sorted.org.nz

We will treat your information with care, and we don't collect personal data with the tools you use on Sorted. For more information check out our privacy policy.

I have read and agree to Sorted's terms & conditions.

Or log in with our social media platforms

Two woman with arms linked smiling and walking at dusk

How to cope with the aftermath of fraud

Reading time: 4 minutes

It can happen to anyone

Falling victim to a scam is far more common than we might think.

Scammers and frausters are running highly sophisticated operations, that can get the best of absolutely anyone.

Fraudsters target everyone, including CEOs, trustees, finance managers, lawyers, investment companies – all to the tune of thousands and millions of dollars. They even swindle police officers. We have to remember that every single one of us is a target.

Please remember – it's not your fault, and there are people you can talk to to get help. Find out where to go in our guide to protecting yourself from fraud and scams.

In this guide

7 steps to get your life back on track

Where to go for support

There's help available

How to cope with the aftermath of fraud

It can happen to anyone

Falling victim to a scam is far more common than we might think.

Scammers and frausters are running highly sophisticated operations, that can get the best of absolutely anyone.

Please remember – it's not your fault, and there are people you can talk to to get help. Find out where to go in our guide to protecting yourself from fraud and scams.

Don’t beat yourself up.

It might be the hardest step, but it's important to remember that anyone can become victim to fraud.

Say this out loud as many times a day as you need: “Okay, I made a mistake. Now, let’s move on.” This really does work!

Do not allow yourself to feel judged.

If the person who has been assigned to your case does not make you feel comfortable, ask to speak with someone else or ask to speak to a supervisor.

Remember this: fraudsters hit everyone, including heads of state, corporate giants, pension fund trustees, finance managers, corporate attorneys, investment companies, all to the tune of thousands and millions of dollars. They even swindle cops.

Give yourself time to grieve.

It’s often about more than the money or possessions. Becoming victim to fraud can affect your confidence and self-esteem. Take time to talk about it with people you trust, and make sure you're getting the support you need.

Lifeline is available for people in crisis, if you don't know who to talk to reach out to them on 0800 543 354.

Talk to someone you trust.

If you did something you feel embarrassed about, share your fears. You'll likely find that anyone in the same position would have done the same thing.

Go through all the “if only’s” and “should of, could of’s”. It’s okay! Eventually, your inner system will work through it, and you'll be able to see the experience for what it was – a heartbreaking scam, that through no fault of your own, may have caused a lasting impact on your wealth and your wellbeing.

Find out how to prevent it from happening again.

Prevention is key to avoiding the traps of scammers, and to avoid falling into another one in the future. Learn how to protect yourself, the warning signs to watch out for and you will be a long way to staying safe.

Take a look at our guide to protecting yourself from fraud and scams for resources and strategies to protect yourself and the people you love.

Report it.

If you have sent money, the police advise that you report the loss to your bank and to them as soon as possible. Unfortunately, in many cases victims have to accept that they will never see their money again.

However, by reporting the scam you are raising awareness and may be able to save someone else from being conned.

Find out where to go for help in our guide to protecting yourself from fraud and scams.

Get back to your life.

This is no easy thing, but take a small step each day.

Adapted from McGuire, A. “Coping with the aftermath of fraud

Where to go for support

Our The Little Black Book of Scams has what you need to know about typical scams, tips on how to recognise them, how to avoid them and what to do if you have fallen for one of them.

Our guide to protecting yourself from fraud and scams has a comprehensive list of where to go for support.

There's help available

You may want to consider the services of a counsellor to help you move on. You can reach out to Lifeline for support at any time. Lifeline Aotearoa’s helpline provides 24/7, confidential support.

Reach out to Lifeline

6 steps to get sorted

Don’t know where to start? Our 6 steps will help you to take control of your money.

Head to the 6 steps

Sort my...

Everyday money

KiwiSaver

Debt

Saving

6 steps to get your money Sorted

Start your emergency fund

Get your KiwiSaver on track

Tackle your debt

Cover your people, money, stuff

Work out your retirement number

Set your goals, then reach them!

Browse guides by...

How to videos

It’s the Christmas cash countdown: deck your money halls in 90 days

My Money Sorted: Christine

Building good money habits

How Te Ao Māori helps keep me on track with my money

How to have good money conversations

My Money Sorted: Pōtia-Ria

My Money Sorted: Tylan

#WTFinance is inflation on about?

About

Resources

Blogs

Log in to your account

Create your Sorted account

Give us your details

How to cope with the aftermath of fraud

Reading time: 4 minutes

In this guide

How to cope with the aftermath of fraud

7 steps to get your life back on track

Don’t beat yourself up.

Do not allow yourself to feel judged.

Give yourself time to grieve.

Talk to someone you trust.

Find out how to prevent it from happening again.

Report it.

Get back to your life.

Where to go for support

There's help available

You may also like...

How to protect yourself from fraud and being scammed

How life insurance works

6 steps to get sorted