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Crypto Currency Fraud ICOs has Cost Australia over AUD$2.1 MILLION

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Crypto Currency Fraud in Australia resulted loss of $2.1 million last year according to annual report of watchdog. Number of people are recording scam activities in Australia.

Also, read Fake ICO and Cryptocurrency list 2018.

A True Measure and the latest monthly statistics from Scam Watch indicated that the Australian Competition and Consumer Commission and Australia’s national consumer watchdog has revealed that Crypto Currency-related fraud has cost Australians over AUD $2.1 million in losses last year.

The Australia scam has been covered due to false investments and fake schemes. Australians submitted 1,978 reports concerning investment fraud.

Scam watch Website has recently altered that Australians between 55 and 64 years of age are at big loss in terms of money with this Scam taking place.

In accordance with the latest numbers there are many fraudulent schemes running in Australia.

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About the author

Michael Williamson

Michael Williamson is a content marketer who formerly worked out of Unbounced's Montreal office. A writer by day and a reader by night, he is loathe to discuss himself in the third persona, but can be persuaded to do so from time to time.

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