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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.
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.
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.