-
Australia registers 60% M/M jump in investment fraud losses in January 2018
The latest numbers from Scamwatch, the body operated by the Australian Competition and Consumer Commission (ACCC), have just been released, with investment fraud continuing to result in growing harm for investors. Australians report having lost a total of $10,692,438 to various scams in January 2018, with investment schemes being at the top of fraudulent activities costing money to Australians last month. The amount reported lost as a result of investment fraud topped $4.63 million in January 2018, up 60% from the $2.9 million reported lost to such fraud in December 2017 and up massive 172% from the $1.7 million ... (full story)