ASIC warns of new cold call operation

australian-securities-and-investments-commission/

27 June 2008
| By Sara Rich |

The Australian Securities and Investments Commission (ASIC) believes it has identified a cold call operation attempting to convince people to invest in non-existent options.

The regulator has warned investors to be wary of callers representing Macmar Investment Corporation and Global Options S.A trying to spruik commodities such as gold, petrol, oil and gas.

ASIC claims both companies are not legitimate entities, nor are they authorised to provide financial services within Australia, however the Macmar identity appears to have been stolen from a legitimate firm in the US which is not connected with the cold call operation.

A number of Australians have already been enticed by the offer and have transferred funds to a bank account located in Hong Kong.

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