Police probe bond scam as HSBC, Vanguard, PIMCO are hijacked
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NSW police are investigating a fraud scheme that dupes investors with fake high-yield bond prospectuses after young investors have had their hard-earned savings wiped out.
Unwitting consumers were lured by the promise of high-yield funds badged by the finance world’s most trusted brands, in a scam revealed by
The Australian Financial Review in early March.
A fake high-yield bond prospectus claiming to represent PIMCO.
The complex British scam has widened its identity theft to global financial brands HSBC, Vanguard and PIMCO. It further ensnares new victims despite ongoing investigations by local authorities.
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Focus on super frustrating : panel | Money Management
moneymanagement.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneymanagement.com.au Daily Mail and Mail on Sunday newspapers.