The Sydney Morning Herald said one Brisbane man had spent 46,000 dollars (42,876 US) for tickets which never arrived while a Sydney man had lost 10,000 dollars the same way.
Just days ahead of the opening ceremony for the Beijing Games, officials conceded that it appeared many Australians were victims of an elaborate global swindle.
"This appears to be a worldwide scam," Consumer Affairs Minister for the southern state of Victoria, Tony Robinson, said.
"We're very concerned that a lot of people, it would appear, have been taken in by a very professional scam and there's a lot of money that appears to have gone under.
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A hotline was established by the New South Wales government Monday to deal with complaints about tickets purchased via websites including the US-based beijingticketing.com, which was still operating Monday.
Within hours of opening, the hotline had received 22 complaints from people who had spent a combined 60,000 dollars (55,927 US) buying tickets which had not