The $400m crisis: How investment scams almost doubled in 12 months

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Other types of scams in the top 10 included, false billing, identity theft, pyramid schemes and online shopping scams. 9News

lost nearly half-a-billion dollars to scams in the past 10 months, which is already significantly more than this time last year., which have doubled in the past two years.

So far, in 2022, investment scams have topped the list with $320 million lost while dating and romance came in second with about $32 million lost. In 2021, Australians reported losing more than $177 million on investment scams while that number has increased by $143 million in 2022.

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Number one and two are the Covid scam and climate change scam.

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