Fraudsters employ increasingly advanced psychological tactics to persuade victims to invest
An estimated £1.2bn is lost to investment scams each year, with share sales, wine investments, land banking and carbon credits commonly used by fraudsters to target potential investors. A recent study by Citizen’s Advice found nine out of ten people would fail to spot common warning signs of a pension scam, such as unusually high investment returns, cold calling and offers of free financial advice.
It’s very important to remain vigilant when you are looking to access the money you have invested.
Last year, victims of investment fraud lost on average £32,000 as fraudsters employed increasingly advanced psychological tactics to persuade victims to invest. Download our factsheet, on the right hand column, for more information.
Reference – FS001 – Aug – 18