How to spot an investment scam
You may think that you’d be wise to a scam, but smooth-talking fraudsters are using techniques that leave more and more people at risk.
It’s estimated that around £1.2billion a year is now lost through investment fraud – that’s cash duped from the savings of others, which is never recovered.
The average loss amounts to £20,000 and can have a devastating effect on a victim.
Many think that it’s easy to spot the signs of fraud. But conmen use sophisticated tactics and spend hours coaxing their prey – often experienced investors – to hand over cash.