Business
18,000 Aussies cheated out of $9m: Are you one of them? – Yahoo Finance Australia
Some Australians are a bigger target than others.
(Source: Getty)
The Australian Competition and Consumer Commission (ACCC) has warned young Australians and the Chinese community against threat-based scams that have seen more than $8.8 million lost this year.
The competition watchdog issued an alert on the scams on Monday, warning that scammers will pretend to be from government-related agencies such as the Australian Taxation Office or police departments to intimidate victims.
The scams work based on fear and peoples instincts to comply with what…
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