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Australians are set to lose a record amount to scams in 2019, with projections from losses reported to Scamwatch and other government agencies so far expected to exceed $532 million by the end of the
Scamwatch is warning the Australian community to be wary about investment scams, with statistics revealing Australians are collectively losing $4.3 million a month to these scams.

SCAMwatch is warning consumers to be extremely cautious about getting involved in business opportunity schemes that promise a lot of income for little or no effort.

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