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Australians lost more money to scammers in 2017 than in any other year since the ACCC began reporting on scam activity.
Punters are being warned to watch out for betting and sports investment scams which falsely promise high odds and big returns on Cup Day.
The ACCC is warning people to be on the lookout for scammers who are trying to con their victims into paying for scams with Apple iTunes gift cards.
Nearly 6000 businesses reported being targeted by scams in 2016 according to the Australian Competition and Consumer Commission’s Targeting Scams report, with losses totalling around $3.8 million, an increase of almost 31 per cent.
The Australian Competition and Consumer Commission is warning the community to be aware of phone calls from scammers pretending to be from the Department of Human Services or Centrelink.
Queensland Crime and Corruption Commission and Queensland Police Service are seeking to speak with victims of an investment fraud scheme.