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Punters are being warned to watch out for betting and sports investment scams which falsely promise high odds and big returns on Cup Day.
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 ACCC is warning people to be wary of scammers when looking for romance online with social media now the most common method scammers use to contact potential victims.
Queensland Crime and Corruption Commission and Queensland Police Service are seeking to speak with victims of an investment fraud scheme.
This Valentine’s Day, SCAMwatch is warning the online dating community to beware of any love interest who asks for money.