A young woman who lost $3000 to an online scammer touting a risky investment opportunity was among a spike in victims of scams taking advantage of the Covid-19 pandemic, the Financial Markets Authority says.
The woman , who asked not to be identified, reported the scam, becoming one of a growing number of people reporting online scams to the authority(FMA) Te Mana Tātai Hokohoko.
The regulator said that in the first half of this year, reports of scams were up 79 per cent compared to the same period last year.
From January to June, the FMA it received 158 complaints about investment scams and fraud compared to 88 on year ago.
It led to a flurry of 36 scam warnings from the regulator.
The FMA noticed a particularly large jump in people being…