After Louis lost $109k to scammers, banks are finally combatting the ‘flaw’ the scammers used

Louis May lost his $109,000 first home deposit to scammers in July last year.

The scam began with an email, purporting to be from his conveyancer, requesting property settlement, and included account details and a fraudulent PEXA (Property Exchange Australia) form.

The 24-year-old Sydney-based…