Matt 'Shirvo' Shirvington has given viewers an impassioned warning not to click on convincing financial scams exploiting a fake interview between him and Sam Kerr.
The Sunrise host revealed on Monday that scammers have invented a fake interview between him and the Matilda's star to try to dupe people into signing up to a fraudulent investment platform.
'Do not click on the links. That is the only advice I can give you,' Shirvo told viewers.
'As many times as you ask the social media companies to report it to pull it down, it pops up somewhere else.'
He added: 'Don't do it. You'll lose your money.'
Sunrise host Matt Shirvington revealed on Monday that scammers have invented a fake interview between him and the Mathilda's star Sam Kerr to try to dupe people into signing up to a fraudulent investment platform (pictured is the fake interview)
Shaun White, consumer correspondent for Sunrise, revealed the station had received dozens of emails from concerned viewers who had been targeted with the scam, with some losing up to $10,000.
'The whole premise here was that they (the scammers) set up that it was a segment on Sunrise that you (and Sam Kerr) were arguing about how to make money through investment platforms,' White explained.
'But the whole premise here was to set up that trust, using your faces, that this was real. And then get people to click on a link to this face online trading platform and from there to get their financial information.'
White warned people not to take any investment advice over social media.
'Once they've established that report, they'll ask for about $250 through a credit card and then they'll start a small investment to build that trust,' he said.
Shaun White (pictured), consumer correspondent for Sunrise, revealed the station had received dozens of emails from concerned viewers who had been targeted with the scam, with some losing up to $10,000
'Then they might get you to download a third party platform and then that once that's happened, you're in a bit of trouble there because they've got access to you.
'They might ask you for the password to your online dashboard, and then they might even show you fake profits and then that's when they've really got you.'
Daily Mail Australia discovered a fake news article about the made-up interview between Shirvo and Kerr being used to advertise a fraudulent investment platform called Immediate Cipro 2.0.
The National Anti-Scam Centre warned consumers last month about these types of fake news articles and deepfake videos of public figures trying to convince people to sign up to fraudulent investment platforms.
Last year, Australians reported losing more than $8 million to online investment trading platform scams.
Sunrise host Matt Shirvington warned users not to take investment advice from social media (pictured with Nat Barr)
'We are urging Australians to take their time and do their research before taking up an investment opportunity – particularly those seen on social media,' Australian Competition and Consumer Commission Deputy Chair Catriona Lowe said.
'Scammers are creating fake news articles and deepfake videos to convince people that celebrities and well-known public figures are making huge sums of money using online investment trading platforms, when in fact it is a scam.'
Ms Lowe said the ACCC was aware of one Australian man who lost $80,000 in cryptocurrency after clicking a link on a deepfake Elon Musk video on social media and entering his details.
'He was provided with an account manager and an online dashboard where he could see his investment supposedly making huge returns,' Ms Lowe added.
'But when he tried to withdraw the money – he was locked out of his account.'
Reports to Scamwatch indicate the most prolific online investment trading platform scam appears under the brand ‘Quantum AI’.
Others include ‘Immediate Edge’, ‘Immediate Connect’, ‘Immediate X3’, and ‘Quantum Trade Wave’.
How online investment trading platform scams work
Scammers entice victims through social media advertisements, deepfake videos on video sharing platforms and fake online news articles about celebrities and well-known public figures claiming to make substantial money from online trading platforms.
This fake click bait will link to a scam website where victims are prompted to enter their details. This is the gateway for communication between the scammer and victim.
Scammers ask for a small investment of around $250 via credit card to provide access to the trading platform.
Scammers will often ask the new investor to download a third-party trading platform via the relevant app store or provide the investor with login details for an online dashboard.
After showing profits through a dedicated online dashboard, scammers persuade their victims to invest more. Sometimes scammers will allow victims to make a small withdrawal early in the scam to build trust.
When the victim eventually tries to withdraw their funds, scammers will ask for withdrawal fees or cite tax implications to obtain more money. Some victims have reported being locked out of their account.
Source: ACCC