This one is for all who have ever had their Inbox cluttered with spam and scams, especially on April Fool's Day.
The Australian Securities and Investment Commission today announced its 2008 winners of the Pie In The Sky awards.
This trophy will be awarded each year for the most outrageous financial scheme that's too good to be true.
Winner
This year the award goes to a disturbing 'advanced fee fraud' scam. This email scam pleaded with people to help a Togo barrister access US$17 million from the estate of a man who along with his family was killed in the Boxing Day tsunami three years ago. This outrageous offer was just too good to be true.
Runners up
The second-place getter is Instep Super.
Instep Super was advertising on television, radio and online offering returns on investment of superannuation funds between eight and 20 per cent.
The advertisements also claimed Instep Super was 'the best performing superannuation fund in Australia'.
Instep Super was advertising on television, radio and online offering returns on investment of superannuation funds between eight and 20 per cent.
The advertisements also claimed Instep Super was 'the best performing superannuation fund in Australia'.
The third-place getter is the Electroharvest.
This device supposedly recycled 'ambient electromagnetic radiation back into usable household energy' promising to cut ordinary Australians' power bills by 37 per cent.
This device supposedly recycled 'ambient electromagnetic radiation back into usable household energy' promising to cut ordinary Australians' power bills by 37 per cent.
How to nominate a scam for the 2009 Award
Win $100 prize money for an entry that wins an award.
Win $100 prize money for an entry that wins an award.
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