Elderly couple lose $512,000 to scammers

Powered by SC Magazine
 

Sent more money to fraudsters despite police warnings.

An elderly Australian couple that had already lost over $440,000 to overseas scammers reportedly ignored warnings by police and lost another $60,000, according to a new report.

The Australian Transaction Reports and Analysis Centre (AUSTRAC) released 31 case studies overnight "to inform businesses about the various methods criminals use to conceal, move or launder illicit funds."

AUSTRAC is Australia's anti-money laundering and counter-terrorism financing regulator.

Among the case studies is the elderly couple who lost $512,000 to offshore scammers.

Law enforcement officers were said to have visited the couple on each occasion they transferred a large amount of money offshore.

Some of the money went to a woman in Ghana.

"The couple told officers they had befriended a woman on the internet, who in correspondence referred to the couple as ‘mother' and ‘father'," the report said.

"In response to her requests, the couple sent money to the woman to assist her with food, rent and other expenses.

"The couple believed that the woman eventually wanted to move to Australia. In addition, the husband had travelled to Ghana to meet the woman, and arranged to pay US$20 per day for the storage of the woman's family treasure chest."

They fell for a similar scam originating from the Ivory Coast.

"The couple had befriended a girl whose parents had been killed, and provided her with financial assistance for food and accommodation. They believed that she, too, wanted to move to Australia," the report said.

The couple were also reportedly duped by two inheritance scams - one in the UK and another in Hong Kong, the latter of which lost the couple $57,000.

Even after being hit four times, the report said AUSTRAC received word that the couple was "continuing to send money overseas."

"The couple sent a further $60,000 overseas even after being warned by law enforcement officials that their overseas recipients were most likely international fraudsters," the report said.

The identity of the couple, together with other details, had been "sanitised" from the report, AUSTRAC said.


Elderly couple lose $512,000 to scammers
 
 
 
Top Stories
Innovating in the sleepy super industry
There’s little incentive to be on the bleeding edge, so why is Andrew Todd fighting so hard?
 
How technology will unify Toll
The systems headache formed through 15 years of acquisitions.
 
Immigration breached Privacy Act with data leak
Pilgrim slams "copy and paste" of asylum seeker data.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
Who do you trust most to protect your private data?







   |   View results
Your bank
  39%
 
Your insurance company
  3%
 
A technology company (Google, Facebook et al)
  7%
 
Your telco, ISP or utility
  8%
 
A retailer (Coles, Woolworths et al)
  2%
 
A Federal Government agency (ATO, Centrelink etc)
  20%
 
An Australian law enforcement agency (AFP, ASIO et al)
  15%
 
A State Government agency (Health dept, etc)
  6%
TOTAL VOTES: 810

Vote