Got scammed by a dealer located in Sydney

[BaldKraken]

The dealer's website is "watchesrus".
Address is Suite 302 160 Castlereagh St Sydney, 2000, Australia
The owner's name is Ian Tilman.

Me and other several victims paid him the deposit money. And we never saw the watches coming. The guy clam that the watches are being processed by overseas custom. But couldn't provide any evidence that the watches exist. I tried to contact the police and the bank. They both told me there's nothing they can do. Police told me that if the vendor kept feeding me with information, that means the vendor is not a scammer, I should just wait. I asked them how long, it could be 20 years or 30 years, the police told me if the dealer told me to wait and respond to my enquiries that means the dealer has the intention to follow the deal. As a migrant in Australia, I wanna say what a wonderful country it is. Basically if a person runs a business, the person charges people's money, and the person never deliver the products or service he promised, as long as the person said he will do it(but he never does), no law can punish that person?