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Fraud is the most expensive crime

Crime is costing Victorians at least $9.8 billion a year, and fraud is hitting taxpayers the hardest.

Monash University’s Professor Russell Smyth calculated the cost of crime including factors such as the loss of wages, the replacement of property, medical costs and intangible costs such as the value of a person’s quality of life.

On average crime costs $1678 per person.

Read more at Monash University

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