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A national campaign has been launched by consumer regulators around Australia to warn potential property investors about property spruikers who claim to be ‘wealth creators’ but are really just in it for themselves.
Indigenous consumers lost more than $1.2 million to scammers last year according to the ACCC’s 2015 Targeting Scams Report.
The ACCC's Targeting Scams Report reveals that $85 million was reported lost to the ACCC’s Scamwatch last year, with 105,200 scam complaints.
Scamwatch is urging older Australians to 'Wise up to Scams' during this year's National Consumer Fraud Week, which runs from 16-22 May 2016.