AFD Financial Solutions

Australians lost over $205 million to scams between 1 January and 1 May, according to new data from Scamwatch.
The majority of losses over this period have been to investment scams with $158 million lost, an increase of 314% compared to the same period last year.

"We are seeing more money lost to investment scams and so are urging all Australians not to trust investment opportunities that seem too good to be true," ACCC Deputy Chair Delia Rickard said.

Australians are losing more money to investment scams Australians lost over $205 million to scams between 1 January and 1 May, a 166 per cent increase compared to the same period last year, according to new data from Scamwatch.

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