ANZ branded investment ads on social media

Kiwi are being targeted with investment scam ads, including one claiming to be from ANZ New Zealand offering a stock market education program. Scammers are running social media adverts featuring ANZ’s name and logo, but posted by an individual with an individual’s profile photo. Any legitimate ANZ advert would be posted by ANZ Aotearoa and have a verified blue tick next to it.

The ads take potential victims to ‘investment advice’ WhatsApp group chats, where they’re pressured to invest in what is a scam. These ads may be linked to an ongoing ‘pump-and-dump’ scam -  see the warning issued on the Financial Markets Authority (FMA) website.

• You see a social media post, advert or social media direct message, or you receive an unexpected phone call, email, or text message, where ultimately you get asked for money or to invest.
• The investment promises high, fast, or low-risk returns.
• There is pressure on you to invest quickly, otherwise you may miss out.
• The person or business promoting the investment isn’t registered with regulatory agencies like the Companies Office, the FMA in New Zealand, or doesn't provide clear and transparent information.
• You’re contacted about recovering funds you’ve lost in a scam/fraudulent investment. 

• Before investing money, research the business promoting the investment, the investment opportunity, and the people behind it. Look for information from independent sources, including regulatory agencies, financial analysts, and reputable news outlets.
• When searching online for investment opportunities, check to see if their website seems legitimate.
• Contact the investment provider on a number listed on their official website.
• Take your time to thoroughly look into the investment. Before making any decisions, get advice from a licensed financial advisor or investment professional.
• Be cautious when interacting with ads for financial services on social media. If an ad features a well-known business leader or financial commentator, they may be an imposter.

Remember:

If you think you’ve been the victim of a scam, please call us immediately on 0800 269 296 (or +64 4 470 3142 from overseas, charges may apply).