Warn­ing over shadow shop scam im­per­son­at­ing ASIC

Wangaratta Chronicle - North East Regional Extra - - News -

ASIC is warn­ing the pub­lic to be wary of a scam where cold call­ers are claim­ing to be un­der­tak­ing a ‘shadow shop’ on be­half of ASIC.

A shadow shop is where real con­sumers are re­cruited to pur­chase ser­vices such as fi­nan­cial ad­vice to help as­sess the stan­dards in the mar­ket.

These scam­mers claim to be look­ing for shadow shop­pers as part of an ASIC com­pli­ance and mon­i­tor­ing cam­paign.

The scam main­tains that it will pay you for your time and may en­cour­age you to meet in per­son or at­tend a pre­sen­ta­tion af­ter which you will re­ceive a ques­tion­naire to com­plete.

The scam­mers pro­mote their ser­vices at the fol­low­ing web­site, www.the­shad­ow­shop­per.com that makes false rep­re­sen­ta­tions that their work is as­so­ci­ated with ASIC.

ASIC has no in­volve­ment with this web­site or its op­er­a­tors, and is un­der­tak­ing in­quiries into the ac­tiv­i­ties of the op­er­a­tors.

ASIC urges any­one who re­ceives con­tact in these cir­cum­stances or is re­ferred to this web­site to not re­spond.

From time to time ASIC car­ries out gen­uine con­sumer re­search in­clud­ing shadow shops, how­ever we only work with ac­cred­ited mar­ket re­search com­pa­nies. If you are con­tacted by a com­pany rep­re­sent­ing that they are un­der­tak­ing re­search for ASIC you can call ASIC’s In­fo­line on 1300 300 630 to check.

This scam is not con­nected or as­so­ci­ated with le­git­i­mate mar­ket re­search firm Shadow Shop­per at http://www.shad­ow­shop­per. com.au/ and ASIC thanks them for bring­ing this mat­ter to its at­ten­tion.


You can re­port scams via the re­port a scam page on SCAMwatch or by con­tact­ing ASIC via our web­site, http://www.asic.gov.au or on 1300 300 630.

More information

The Aus­tralian Gov­ern­ment web­site http://www.aus­tralia.gov. au is a safe por­tal for find­ing gov­ern­ment ser­vices.

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