A major investigation by the Australian Securities and Investments Commission (ASIC) has exposed how unlicensed telemarketers used deceptive social media ads and pushy sales tactics to trick Australians into moving $678 million into high-risk schemes.

ASIC Commissioner Alan Kirkland joined Gary Hardgrave on 4BC Mornings to outline how these operators prey on financial fears and what steps listeners must take right now to protect and recover their life savings.

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