Newspaper article The Observer (Gladstone, Australia)

Heart Attacks the Top Scam; Online Dating and Romance Cons Leave Aussies $28M out of Pocket

Newspaper article The Observer (Gladstone, Australia)

Heart Attacks the Top Scam; Online Dating and Romance Cons Leave Aussies $28M out of Pocket

Article excerpt

Byline: Pamela Frost APN Newsdesk

the cons

Romance scams: $27.9million lost

Scratchie scams: $300,000

Hacking: $2.3million

Fake charities: $165,000

AUSTRALIANS were scammed out of more than $81 million last year and online dating and romance cons were the most financially damaging, an ACCC report revealed.

The Targeting Scams report, released yesterday, revealed the Australian Competition and Consumer Commission received more than 90,000 complaints last year.

Dating and romance scams were ranked first for resulting in the most financial losses. The report said Australians lost about $28million in romance scams, which made up 34% of all money lost.

Investment fraud came in second as most financially damaging.

Australians lost $21million in those scams.

ACCC deputy chairwoman Delia Rickard said the report also showed last year's financial losses were about 8%, or $7million, less than 2013.

She said she was pleased about the decrease and it "hopefully" reflected Australians' increasing awareness. …

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