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The Western Australian government has warned brokers of online scamming after consumers were defrauded by a scheme involving a Perth brokerage.

WA ScamNet said it had been contacted by consumers in the past few weeks after being defrauded by scammers posing as Mercury Money.

According to the consumer protection group, consumers filled in online applications for unsecured loans and after receiving email confirmation of their acceptance, were asked to pay establishment fees or loan insurance into bank accounts based in Australia or New Zealand.

“One man lost $6,000 and one woman paid $4,000. Two men almost paid $1,200 each and one woman sent $980 offshore to India. ll three of these people contacted the real Mercury Money and discovered the truth.

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