Latest News
- 24-12-2025 How identity verification could have stopped a 300 million crypto scam
- An article discusses how stronger identity verification and improved controls could reduce the risk of large crypto scams that rely on impersonation and social engineering, including scams involving fake video calls and identity deception.
- 22-12-2025 Pump and dump scammers put regulators on high alert
- ASIC warned investors to be vigilant about coordinated pump and dump schemes targeting retail investors. The regulator noted an increase in reports and highlighted the use of social media and impersonation tactics to manipulate share prices.
- 18-12-2025 Former Dobell MP Craig Thomson jailed for migration fraud
- Former federal Labor MP Craig Thomson was jailed for fraud offences involving a migration scam. The court found he dishonestly charged visa applicants for services he was not authorised to provide and obtained financial benefit by deception.
- 15-10-2025 US Department of Justice seizes record bitcoin from pig butchering scam
- United States authorities seized a record amount of bitcoin linked to a large scale pig butchering cryptocurrency scam. Prosecutors alleged the operation involved online investment fraud and forced labour, with crypto assets laundered through international networks.
- 03-06-2025 AUSTRAC cracks down on cryptocurrency ATM scam and fraud links
- AUSTRAC announced tighter controls on cryptocurrency ATM operators after identifying widespread scam activity linked to the machines. Measures include transaction limits, enhanced customer checks and mandatory scam warnings.
- 04-10-2022 SCAMAssist successfully negotiates a 360000 settlement:
- "You are an awesome investigator!! Your one in a million and I could never ever have achieved this without you. I am forever grateful!" - AFCA Complainant - victim of cryptocurrency investment scam.
- 01-09-2022 SCAMAssist successfully negotiates a 60000 settlement:
- "I woke up today a new person!" - Sharon Bencich from Geelong Victoria today was thrilled to learn that she is receiving more than 60 percent of scam funds paid back to her via our process. Simon Smith from SCAMAssist delivered the good news to Sharon who immediately accepted the offer. This was a good outcome for the client. The monies were authorised as part of a sophisticated cryptocurrency scam.
- 04-07-2022 Scams robbed Australians of more than 2 billion last year
- Scamwatch reported Australians lost more than 2 billion to scams in 2021, with investment scams accounting for the highest losses.
- ACCC takes action over alleged misleading conduct by Meta for scam crypto ads
- The ACCC commenced Federal Court proceedings alleging Meta engaged in misleading or deceptive conduct by publishing scam advertisements featuring Australian public figures.
- 20-08-2020 ASIC obtains injunctions against SMSF scam
- ASIC obtained interim Federal Court injunctions against an alleged SMSF scam involving cold calling and misleading conduct targeting investors.