Subscribe To

Price Alert Latest News Economic Calendar News

Aussies Report a Record AU$1.5B Investment Scam Losses in 2022

Australians reported a record AU$3.1 billion loss to scams in 2022, out of which AU$1.5 billion were lost to investment scams, according to the latest figures published by the Australian Competition and Consumer Commission (ACCC). The losses jumped 80 percent compared to the numbers reported in the previous year. Aussies Losses a Record Figure to Scams While investment scams remained the highest, Aussies also lost AU$229 million to remote access scams and AU$224 million to payment redirection sc... Read More

Demo Live Account See Partner Details

Content Topics

Aussies

Report

Record

Au

5b

Investment

Scam

Losses

2022

Au 1 5b

Forex

Posted: Apr 17 2023, 07:30

Author Name: financemagnates

Risk Disclosure:

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
We would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. We and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of us and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. We may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.