"Dad Falls Victim to Sophisticated Email Scam, Loses Entire Life Savings"
Renato Calalang, a hardworking father who had diligently saved for retirement, fell victim to a sophisticated email scam, losing his entire life savings of almost $150,000. The scammers, posing as a bank representative, lured him with a fake inheritance claim, leading him to make multiple deposits into different bank accounts. Despite reporting the scam to Commonwealth Bank, he was unable to recover the funds. Calalang hopes to raise awareness and urges others to be cautious, while the bank advises customers to be vigilant and seek assistance if they suspect fraudulent activity.