18,000 Aussies cheated out of $9m: Are you one of them? – Yahoo Finance Australia

(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…

Click here to view the original article.