ACCC Reveals Australians' $2.18 Billion Scam Losses

The Australian Competition and Consumer Commission reports Australians lost $2.18 billion to scams in 2025, with investment scams accounting for $837.7 million. The figures accompany a high-profile mid-January case in which Sydney retiree Bevan Lisle lost $50,000 after a broker allegedly paid proceeds to a fraudulent account. The government passed new scam laws last February, but mandatory sector codes remain unimplemented.