Investors felt 'comfortable' with a scam company because its accounts were with reputable Australian banks

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Carmelita deposited $6,000 for an online trading platform into an Australian bank account and watched it grow to nearly $100,000. Then the company's website disappeared.

No system is 100 per cent secure, but ProtonMail and Signal can be used to protect your identity by using end-to-end encryption. Please read the terms and conditions to work out if they are the best methods of communication for you.Options Rider claimed to be an online binary-options-trading scheme based in New Zealand and managed in Australia that used expert traders and specialised software to provide big returns.

It used US-based managers to promote the scheme internationally and an Australian-based syndicate to set up shell companies and bank accounts. She said she sent two payments of $3,000 in late 2015, with at least one of those going to Bankwest, owned by the Commonwealth Bank. He got his money back after fighting the scheme and complaining to US authorities, but he said many others did not.'Commonwealth Bank should have understood'A SAR shows people were sending funds to Fund Options Australia's account at the Commonwealth Bank since at least April 2015.

 

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