The Scam Text That Cost Thousands: A Cautionary Tale for Job Seekers
Australian Broadcasting Corporation2 days ago
840

The Scam Text That Cost Thousands: A Cautionary Tale for Job Seekers

Industry Insights
scams
jobseekers
cryptocurrency
cybersecurity
education
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Summary:

  • Scam texts with job offers can lead to significant financial losses if responded to.

  • Red flags include error-riddled messages, unsolicited contact, and unrealistic wages.

  • Scammers use phony websites and cryptocurrency payments to deceive victims.

  • Victims may fall for the sunk cost fallacy, investing more money to recover losses.

  • Experts call for better education and support to combat these scams.

The Scam Text That Cost Thousands: A Cautionary Tale for Job Seekers

Many of us receive scam text messages with dubious job offers, but what happens when someone actually responds? This is the story of Sam*, an Australian who fell into the snare of a task-based scam after responding to a text he thought was a legitimate job offer.

The Initial Contact

Sam received a text from an unknown sender named Patricia, offering job opportunities. Expecting contact after uploading his resume to employment sites, Sam responded, unknowingly stepping into a trap.

The Red Flags

  • Error-riddled messages: The texts were full of inconsistencies and spelling mistakes, a common tactic to weed out vigilant individuals.
  • Unsolicited contact and move to WhatsApp: Scammers often shift communications to encrypted platforms like WhatsApp to avoid detection.
  • Unrealistically high wages for easy work: The job promised a minimum weekly wage of $900, paid daily, with no experience required.

The Scam Unfolds

Sam was introduced to a man named Ellis on WhatsApp, who claimed to be from a media company. The job involved uploading content to social media, but the tasks became increasingly convoluted, resembling a game with levels and bonuses.

The Trap

  • Phoney website: Sam was directed to a fake website mimicking a legitimate company, Codify Media.
  • Payment in cryptocurrency: Sam was asked to create a cryptocurrency wallet to receive his salary, a red flag for scams.
  • Requirement to use own money: Ellis eventually asked Sam to deposit his own money to continue working, a clear sign of a scam.

The Aftermath

Sam lost thousands of dollars before realizing it was a scam. Despite reporting to the police and his bank, recovering the money was unlikely.

Expert Advice

  • Verify the company: Check the company's website, look for reviews, and search for the company name along with "scam" or "fraud".
  • Be wary of high wages for little work: If it sounds too good to be true, it probably is.
  • Avoid cryptocurrency payments: Legitimate jobs rarely pay in cryptocurrency.

Calls for Education and Support

Experts emphasize the need for better cryptocurrency education and cybersecurity protections to prevent such scams.

*Names have been changed to protect identity.

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