Investment, dating s tricked Australians out of $229 million in 2015

Investment, dating s tricked Australians out of $229 million in 2015

By customer affairs reporter Amy Bainbridge

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  • An increase into the sophistication of s victims that are trapping bogus investment schemes aided Australians lose $229 million to s in 2015.

    Key points:

  • Investment s price Australians $41 million year that is last
  • $6.3 million of this ended up being lost by victims older than 55
  • $55 million had been lost this past year to love and dating s
  • The very first time, the Australian Competition and Consumer Commission (ACCC) has collated its information with all the Australian Cybercrime on line Reporting Network (ACORN) to provide a clearer image of the amount of Australians are increasingly being cheated.

    ACCC deputy seat Delia Rickard stated the combined data revealed investment s caused $41 million in losings, with $6.3 million lost by victims older than 55.

    “Investment s can be bought in a variety of guises business that is including, superannuation schemes, handled funds together with purchase or purchase of stocks or home,” she told the ABC.

    “One reason why is Australia has been around an interest that is low environment for a relatively good duration now, and retirees or those approaching your your retirement are actually concerned with how they may develop their your retirement investment, so we believe might be making them more at risk of s.

    “We additionally think they realize folks have money to take a position later on in life and therefore we are a rich nation.

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