Scam alert

Australians lose over $70 million to bogus investment opportunities

Investment scams reported to Scamwatch have cost Australians over $70 million in the first half of this year, more than the total losses reported to Scamwatch for all of 2020, and projected losses are set to reach $140 million by the end of the year. Data from Scamwatch shows a 53.4 per cent increase in reports about investment scams received so far, up from 3,104 in the first half of 2020 to…
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