INVSC021 Regaining financial control after a scam (616 words)

Being the victim of a financial scam can be both devastating and humiliating. This article uses a case study to tell the story of a woman on the brink of retirement who falls victim to a cryptocurrency scam that wipes out her savings, leading her through a journey of self-blame and recovery.

A year before retirement, Tess’s superannuation plan was on track, and she was imagining her post-work life. With savings of $34,000 at the bank, she was looking to park it somewhere it could earn better interest while rates were rising.

Considering herself reasonably savvy with money, she began investigating her options.

After hearing about someone who’d made a fortune with cryptocurrency, Tess was intrigued and decided to look into it.