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Police are warning members of the public to be vigilant after several people fell victim to a scam which appears to be targeting elderly residents.

People claiming to be from their banking institutions call victims and advise them to withdraw money for a representative from the bank to collect in cash from their home address as an employee is emptying customer accounts internally.

The victims are told its to safeguard them, and the bank representative will deposit the cash in a safe account while internal investigations identify their own employee who is stealing.

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