POLICE are warning people to beware of a phone scam that has been doing the rounds.
Detectives are aware of two victims that have been scammed out of large amounts of money.
The victims received a phone call from a person claiming to be from an investment company called ‘FTO Capital’, claiming to be able to use the victim’s money to create significant wealth for them.
The manner of the person calling is described as forceful and insistent when the victim is asked to transfer large sums of money.
Police believe the scammers may be operating from an overseas location and are warning consumers to be vigilant
Anyone who believes they have come across a scam or fraudulent website should contact Crime Stoppers on 1800 333 000 or see scamwatch.gov.au online.