HSBC banking scam victim Julie Khoo says home ownership dream shattered in minutes

A Melbourne woman’s dream of home ownership has been reduced to rubble after she was the target of a sinister banking scam that undid years of diligent saving in just minutes. Julie Khoo was at work in late October when she received the call that would change her life. Minutes later, $50,000 was siphoned from her bank account in two quick transactions.

“What infuriated me was that there weren’t any transaction notifications sent to my mobile or email which could have prompted me to act quicker, considering it’s a fairly large amount of money,” he said. A new snapshot released by the Australian Competition and Consumer Commission at the weekend revealed Australians reported scam losses of $2.74 billion in 2023. The figure is a 13.

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