POLICE---Public urged to proceed with caution after damaging banking scam resurfaces
Scammers behind fake term deposits scams have upped their game, and unfortunately, it means consumers need to be even more wary when making banking decisions.
Police are now issuing a warning to Kiwis to be alert when making enquiries into term deposits, with Detective Senior Sergeant Craig Bolton, Auckland City CIB, saying this particular scam is remerging under the guise of yet another bank.
“While at this stage, we in Auckland City are not immediately aware of receiving any reports relating to this new scam, we want our communities to be aware before it’s too late.
“This scam initially emerged in early 2023 and the modus operandi remains the same.
"Victims are entering their contact details online and talking to an ‘investment advisor’ on the phone, before completing online documents, which often look professional, before transferring their money into a NZ bank account," he says.
“At this point the money is usually transferred off-shore by the holder of that bank account."
Detective Senior Sergeant Bolton says Police have now been contacted by Kiwibank to let us know they have been made aware it is appearing again under their name.
“It’s just one of many sophisticated ways scammers are attempting to deceive hardworking New Zealanders for their own financial gain.”
Earlier this month, the Financial Markets Authority also issued an alert to advise of this particular scam.
Detective Senior Sergeant Bolton says Police are continuing to make enquiries into other matters involving other renditions of this scam.
“It is truly devastating to be the victim of a scam like this.
We have spoken to countless victims and made enquiries into numerous reports and we do not want to see more people falling victim to these types of scams.
“While Police will investigate and make enquiries where possible when these matters are reported to us, we want to assist with preventing it before it can even happen.”
Police recommend the following steps you can take to protect themselves from this scam:
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• Never enter contact details into any online website that offers ‘term deposit’ rates
• If you think you may have entered your contact details on a website offering fake term deposits, do not engage in conversations over the phone with a person purporting to be from a bank - disconnect the call and phone back on a number displayed on the bank’s website
• You can always call your bank to seek reassurance and confirmation you are talking to a trusted and legitimate employee
• Seek advice from a trusted friend or family member, or someone who has knowledge of investments before sending any money anywhere
• Check the URL of the website that you are directed to and confirm it is the valid website for the bank that you believe that you are dealing with
• The Financial Markets Authority publishes the names of suspicious companies on their website.
Detective Senior Sergeant Bolton says, unfortunately, there is never a shortage of scams the public should be wary of.
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“Please be vigilant with your money.
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We urge anyone who sees something online they think might be attractive or a great deal to do their research, speak to friends and family, check with the FMA, and don’t be afraid to question anything that may be out of the ordinary.”
If you believe you are or have been the victim of fraud, contact Police at 105.police.govt.nz , or call Police on 105 and report the matter.
Additionally, a number of resources are also available to those who believe they may or could be the victim of this type of offending.
There are several NZ Government websites that have information and advice to help avoid falling victim to common fraudulent activity and scams.
The Ministry of Business, Innovation and Employment has more information on how you can prevent yourself, family and friends from being scammed.
Visit www.consumerprotection.govt.nz...
The Financial Markets Authority provides helpful advice on its website to help avoid falling victim to online investments scams.
Visit www.fma.govt.nz...
CERT NZ provides advice on how to respond to an avoid cyber security incidents.
Visit www.cert.govt.nz...
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Poll: Should all neighbours have to contribute to improvements?
An Auckland court has ruled a woman doesn’t have to contribute towards the cost of fixing a driveway she shares with 10 neighbours.
When thinking about fences, driveways or tree felling, for example, do you think all neighbours should have to pay if the improvements directly benefit them?
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81.3% Yes
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16% No
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2.7% Other - I'll share below
Persistence and Attention to Detail (Day 7)
In the serene village of Te Ao Marama, a young Māori student named Aroha was studying engineering at a renowned university in Aotearoa (New Zealand). Aroha was a dedicated learner, carrying with her the aspirations of her whānau (family) and iwi (tribe). She approached her studies with the same principles her tūpuna (ancestors) had lived by: manaakitanga (care and respect for others), kaitiakitanga (guardianship), and a commitment to excellence.
Aroha had consistently achieved high marks in her studies, always earning recognition for her hard work. But when her third-year semester results were published, Aroha was disheartened to see her grades fall to a whakamanawa noa (average pass). One course, in particular, had received unusually low marks, and she couldn’t understand why.
Instead of reacting in frustration, Aroha reflected on the teachings of her kaumātua (elders): "Kia mau ki te tūmanako” — hold on to hope. She sought advice from her peers, who told her to let it go and move forward. They warned her that challenging the system could be risky and might even result in worse outcomes.
Aroha, however, trusted her instincts. She remembered how her tupuna would pause to think carefully before making important decisions. She went to the local marae for karakia (prayer) and spent time in quiet contemplation, asking for guidance. While reflecting, she recalled that during the exam, she had used extra paper to explain her calculations. A thought struck her: what if the additional pages hadn’t been reviewed?
With renewed determination, Aroha submitted a formal request for a recount (re - totaling of her marks). She included a note explaining that she had attached extra pages and asked the examiners to check whether they had been accounted for.
When the recount results came back, her suspicion proved correct—the additional pages containing key parts of her answers had been overlooked. Her recalculated score not only restored her distinction but also placed her among the top students in her class.
Aroha shared the news with her whānau, who celebrated her perseverance. But she also took a moment to thank her professors for their work and acknowledge the importance of the process.
Moral of the Story
This story reflects the principles of whakamanawa (perseverance) and aro nui (attention to detail). Aroha’s success came not only from her hard work but from her willingness to trust her instincts, reflect thoughtfully, and act with respect for the academic system.
Her journey also highlights manaakitanga—the importance of showing gratitude and care for others, even when seeking justice for oneself. For Aroha, her achievement was not just a personal victory but a way to honour her tūpuna and demonstrate how Māori values can guide success in all aspects of life.
Ridiculous Fuel Pricing!
I opted to drive down 5kms to Waitomo Epsom, where fuel prices are lower compared to anywhere in Mount Roskill. On a full fuel tank of about 40 liters, you'll save around $8.5 overall, and this is without any discounts at Waitomo. Mobile Epsom is still cheaper, and the savings would have been $12 or more.
This math of pump pricing is beyond me as the source/starting point of the tankers is more or less the same and the suburbs aren't that far away 🤔.
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