Lost my superannuation to a 'friend' from a gaming community via a fake investment platform. Can I get anything back?
Feeling pretty stupid right now, tbh. Met this person through a gaming community I've been part of for years, seemed legit, we'd chat while playing. After a few months, they started talking about 'investing' and how they were making bank. Ngl, I was hesitant, but they kept sending screenshots, talking about life goals, and how they wanted to help me get ahead. It felt so personal. They eventually convinced me to move my superannuation into this platform they called 'Global Horizon Capital'. It looked real enough, had fancy charts, and I even saw 'returns' in the first few weeks. But then I tried to withdraw, and they hit me with 'tax' fees, then 'liquidity' fees, then 'anti-money laundering' fees. Now the site's gone, and all my messages are unanswered. I've lost about aud$65,000. I feel like such a fool. Is there any point reporting this? Where do I even start from Australia?
10 Answers
Ugh, this is rough, William. My heart goes out to you. These 'pig butchering' scams are absolutely brutal because they play on trust and slowly groom victims. The emotional manipulation is just as devastating as the financial loss. Your feeling like a fool is exactly what they want you to feel, designed to keep you from reporting. Don't let them.
From Australia, you definitely should report this. Start with Scamwatch – that's the Australian Competition and Consumer Commission's (ACCC) scam reporting page. You'll need to give them all the details: names (even if aliases), platform names like 'Global Horizon Capital', usernames, dates, amounts, bank transfer details, crypto wallet addresses if you used those. Every little piece helps. Then, if you transferred funds through a bank, contact your bank IMMEDIATELY to notify them of fraud. For crypto, it's harder, but if you have wallet addresses, consider ChainAbuse reporting. They can sometimes trace funds, though recovery is still super rare. Also, if you sent funds from your superannuation, definitely inform your super fund about the fraudulent transfer. They *might* have some procedures, but it's often tricky once it leaves your account. Be prepared for a long process, but reporting is crucial.
Hey mate, I'm so sorry you're going through this. Please don't beat yourself up. These scammers are pros, and they target vulnerabilities in people, and your gaming community connection made it all the more believable. It's not your fault. You absolutely MUST report it, even if just to prevent others from falling into the same trap. Gather every single piece of evidence – chat logs, transaction IDs, screenshots of the fake platform, everything. If you're in Australia, definitely follow the advice to report to Scamwatch. Also, for the US folks reading this, the FBI IC3 is the go-to for online scams. The more info they get, the better they can track these groups. Sending you strength.
Look, with all due respect, people need to be more careful. Superannuation? Seriously? If someone you only know online is asking you to put your retirement savings into some 'Global Horizon Capital' platform that sounds like it came out of a bad movie, alarm bells should be ringing louder than a fire truck. These 'gaming friends' or 'dating app soulmates' pushing investment schemes... it's just such a massive red flag. Reporting it is fine, go ahead, but honestly, the chances of getting that money back are like, zero to none. Learned this the hard way with a much smaller amount. Banks just shrug, and crypto? Forget about it. It's a sad reality, but I feel like we all need to be way more skeptical online.
William, I am truly sorry to hear of your loss. It takes immense bravery to share such a painful experience. Please, do not feel shame. These criminals are sophisticated and very good at what they do, preying on trust and kindness. Your gaming community connection made this particularly insidious. Many people, including myself, have experienced similar betrayals. What you're experiencing is not stupidity, but the consequence of cruel manipulation. You should absolutely report this. In addition to the excellent advice about Scamwatch and contacting your bank, remember that even if the money is hard to recover, your report helps law enforcement build a bigger picture and potentially stop these networks globally. Every detail you provide is a piece of the puzzle. Hope you find some peace and recovery.
Mate, I know exactly how you feel. Not superannuation, but I lost a good chunk of my savings to a similar fake forex scam last year, also thought I was 'investing' with someone I'd met online. The guilt is crushing, like you feel so dumb. I reported it to the local police here in Munich, and they just basically said 'good luck'. I also tried contacting my bank but the money was long gone. It feels hopeless, I won't lie. But still, I think reporting is important. Maybe it won't help you directly get *your* money back, but if enough people report, maybe these authorities (like the FBI IC3 or FTC or whatever they have in Australia) will eventually connect the dots and shut some of these operations down. It's a long shot, but at least you've done everything you can.
DO NOT, under any circumstances, fall for any 'recovery agents' or 'hackers' who contact you now saying they can get your money back. That is THE next scam in line. They monitor these forums and prey on desperate victims. They are almost always part of the same scam networks or just other criminals. You'll just lose more money.
Also, if anyone asks you to pay an 'upfront fee' or 'tax' to get your money back, or asks for remote access to your computer, or details for a 'wallet verification' – it's a scam. Full stop. The only people who contact you about recovery should be official law enforcement or your bank, and they would NEVER ask for upfront fees or remote access.
William, it's truly heartbreaking to hear your story, but please, know you are not alone in this. These 'pig butchering' scams, as they're often called, are incredibly sophisticated and exploit human connection and trust. They spend weeks, sometimes months, building relationships before they even mention investing. It's a long game for them. Report everything you possibly can to Scamwatch, your bank, and your super fund. Even if the immediate recovery seems unlikely, every piece of information helps authorities like the ACCC and the police build a case against these criminal networks. It helps prevent future victims. Also, please talk to someone you trust about this – a friend, family member, or even a local support group. Emotional recovery is just as important as financial. Thinking of you.
Oh wow, William, this just sucks. Like, massively sucks. Don't feel stupid, these guys are literal psychological warfare experts. They've perfected this stuff. Definitely report it in Australia, as others said, Scamwatch first. And absolutely your bank for the transfers, even if it feels too late. They might have a fraud department that can give you more specific advice on what to do locally, maybe even escalate with other financial institutions. For crypto, if you have any addresses, check out ChainAbuse. It's a long shot, but it's a legitimate platform that helps track funds and flag them. The main thing now is to protect yourself from *further* scams trying to recover your money. And honestly, try to find some support, this is a lot to process.
William, your experience is a classic pig butchering scam, and the specific fees you described (tax, liquidity, AML) are textbook attempts to extract more money before the final ghosting. It's deplorable. Beyond Scamwatch and your bank, for Australian victims, it's also worth contacting the Australian Cyber Security Centre (ACSC) to report cybercrime. While they primarily focus on national cybersecurity, individual reports can feed into their intelligence. Crucially, as the scam originated online and often involves transfers across borders, international cooperation among law enforcement is key, so your detailed report contributes to those broader efforts. Maintaining meticulous records of all communications, transaction details (including any crypto addresses), and the names/websites used by the scammers is paramount. Understand that recovery is challenging, but reporting is vital for intelligence gathering and preventing others from falling victim. Also, some private asset recovery firms, like Nethertrace, specialize in tracing crypto transactions and dealing with these scams, though you must vet them *extremely* carefully to avoid recovery scammers.
I really empathize. I lost a significant amount myself to a fake 'investment' linked to someone from a language exchange app. It wasn't my super, but it was just as devastating to me. The feeling of betrayal is just awful. I reported to Action Fraud here in the UK and even went to the police. They took down the details, but it never really felt like anything happened. No one was ever caught, my money is gone. I still reported it though, because even if it doesn't help me, maybe it helps them track patterns. It's so hard to move on, because part of you just wants justice, you know? Take some time to process everything, it's a huge shock.

