Online dating scams top list of financial frauds

Australians were tricked out of A$82 million ($65.6 million) last year, with online dating scams accounting for the biggest losses, the country's competition regulator revealed on Monday.

More than 91,000 scam complaints were received in 2014, according to figures from the Australian Competition and Consumer Commission.

While losses fell 8 percent on the previous year, one-tenth of those who reported being targeted were tricked out of more than A$10,000, and for 14 people, the losses exceeded A$500,000.