Mil­lions lost through scams

Central and North Burnett Times - - NEWS -

AUS­TRALIANS were scammed out of more than $81 mil­lion last year and on­line dat­ing and ro­mance cons were the most fi­nan­cially dam­ag­ing, an ACCC re­port re­vealed.

The Tar­get­ing Scams re­port, re­leased on Mon­day ,re­vealed the Aus­tralian Com­pe­ti­tion and Con­sumer Com­mis­sion re­ceived more than 90,000 com­plaints last year.

Dat­ing and ro­mance scams were ranked first for re­sult­ing in the most fi­nan­cial losses. The re­port said Aus­tralians lost about $28 mil­lion in ro­mance scams which made up 34% of all money lost.

In­vest­ment fraud came in sec­ond as most fi­nan­cially dam­ag­ing.

Aus­tralians lost $21 mil­lion in those scams.

ACCC deputy chair­woman Delia Rickard said the re­port also showed last year’s fi­nan­cial losses were about 8%, or $7 mil­lion, less than 2013.

She said she was pleased about the de­crease and it “hope­fully” re­flected the in­creas­ing aware­ness of Aus­tralians.

“How­ever, ac­tual losses are likely to be much higher than what is re­ported to the ACCC. Peo­ple re­port scams to a num­ber of agen­cies, some don’t recog­nise that they have fallen for a scam, and un­for­tu­nately many oth­ers are too em­bar­rassed to re­port their ex­pe­ri­ence,” she said.

The re­port said on­line scams at­trib­uted to a loss of about $47 mil­lion and phone calls were the most popular scam­ming de­liv­ery method.

Last year, more than one third of peo­ple lost be­tween $110 and $499.

The re­port also showed it was not just the el­derly who were conned.

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