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Pat Wright

πŸ‘€ Speaker
350 total appearances

Appearances Over Time

Podcast Appearances

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

And then when there was 20 grand there, they just disappeared.

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

This account was deleted.

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

It's all done in Bitcoin.

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

There's no like chargeback.

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

You can go for credit cards and stuff.

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

You know, they went to the police.

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

There's nothing they can really do.

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

And, yeah, that's gone.

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

And for that guy, I guess what's most upsetting for him is the money, I guess, can be recovered.

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

But he's lost friends and some people just don't talk to him again.

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

And, you know, his family.

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

You know, he's had family members who lost a lot of money and he's just lost all trust from those people.

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

And I felt really, you know, really sad for him.

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

But at the same time, it's like, you know, I guess there's a thing there which is around if something does seem a bit too good to be true,

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

you need to be particularly cautious.

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

And it's not just like Instagram, it's not just crypto.

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

There's a lot of variations on this, that kind of theme where someone promises you huge returns, you know, I ask you to hand over money and then suddenly they disappear or it becomes like a Ponzi type scheme, which is in this case basically what it was.

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

Yeah.

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

And I guess that's, I guess something I would say to your listeners as well is like, think about that kind of compound interest as well.

Australian Finance Podcast
Avoiding scams & decrypting financial news (with ABC journalist Pat Wright)

Like, I guess if you think about that situation through this person's promising 50% returns a year, a month, sorry.