Warning over 'forceful and insistent' phone scam targeting Aussies

A new phone scam has conned Australians out of “large amounts of money”, with the caller posing as an investment company, police have warned.

The victims reported receiving a phone call from someone claiming they were from an investment company, and could use their money to generate significant wealth.

The person calling is described as being “forceful and insistent” requesting the victim transfers “large sums of money”, according to Victoria Police.

Police have warned to be vigilant about callers claiming to be from an investment company. Source: Getty

Detectives are aware of at least two victims that have been scammed in this manner, and believe the calls may be operating from an overseas location.

The police warning to be vigilant comes days after news an email purporting to be a Telstra bill was doing the rounds, designed to trick people into clicking on malicious links.

Last month, police warned of a phone scam that conned Chinese-Australians out of a total of $10 million, with callers posing as Chinese authorities threatening deportation or arrest unless large sums of money is paid.

Anyone who believes they have come across a scam or fraudulent website are advised to contact Crime Stoppers on 1800 333 000 or visit www.scamwatch.gov.au.