Elderly Sydney residents are being warned to beware of a cold call scam after victims' personal details were used to make thousands of dollars in fraudulent transactions.
Residents from Sydney suburbs including Castle Hill, Penshurst, Rushcutters Bay, Allawah and Sans Souci reported being scammed in December and January.
Police were told callers with a foreign accent pretended to be from a bank, and persuaded their victims to hand over personal information verbally or give documents to a fake courier.
An 85-year-old Penshurst woman was tricked into giving up her personal details, and by the next day more than $11,000 in fraudulent transactions had been made.
And nearly $5000 was spent after an 86-year-old Castle Hill man was persuaded to give his credit card information over the phone, with attempts to transfer another $10,000 blocked.
Police have released images of two men wanted over the scam and are warning people to beware of people asking for financial information over the phone.
Detective Superintendent Linda Howlett, said the callers appear to be preying on the vulnerability of older Australians.
"Do not be afraid to ask the right questions - what is the person's name and what company do they represent. Your best defence against scams is to hang up the phone and report the incident," she said in a statement on Saturday.
© AAP 2020