9.5/10
Beurax Corporation Pty Ltd (beurax.com)
ASIC alerted investors in March 2021 to Beurax Corporation Pty Ltd and beurax.com, saying investors cannot withdraw and the firm stopped communicating, and advising not to send further funds.
Investment Scam
Investment Scams: Risk Reports & Red Flags
Risk reports for this kind of scam, with the red flags that show up most often.
Short answer
Check a suspected investment scam by matching the name and domain against a risk report, then the red flags below, before you pay, deposit, or share a login code. There are 4 reports in this category, sorted by risk score with the highest first.
Each report states a 0 to 10 risk score, a status, and what to do if you already engaged. Browse every category from the scam directory.
Risk reports
- 9.5/10
www.cambridgeassetmanagement.com
ASIC's alert tells consumers not to deal with www.cambridgeassetmanagement.com, allegedly run by a Hong Kong entity, and says Australians have reported being unable to withdraw invested money.
- 9.5/10
GA Investors
The SEC filed a fraud complaint in May 2023 against GA Investors and unnamed operators over dozens of websites allegedly promoting bogus crypto asset investments with guaranteed returns.
- 9.0/10
United Solar Investment
ASIC's March 2023 scam alert says not to deal with or transfer money to United Solar Investment, citing unrealistic returns, no AFS licence and classic pyramid scheme signs.
Common red flags in this category
The 8 most common flags reported for this category.
- Operators hold no Australian financial services licence
- Guaranteed returns, ASIC cites 1.4% per day
- Deposit plans promoted alongside a trading platform
- Payments accepted in cryptocurrency
- Investors unable to withdraw and company stops communicating
- Company registration used to suggest legitimacy
- Leveraged products and encouragement to invest superannuation
- Payment requested in cryptocurrency