*figures provided by Action Fraud
*figures provided by Action Fraud
Though the contact methods used by fraudsters may vary, their tactics remain the same. Be vigilant when making investment decisions and look out for these six warning signs. Watch the video below to find out more.
Traditionally scammers cold-call but contact can also come from online sources e.g. email or social media, post, word of mouth or even in person at a seminar or exhibition.
They might offer you a bonus or discount if you invest before a set date or say the opportunity is only available for a short period.
They may share fake reviews and claim other clients have invested or want in on the deal.
Fraudsters often promise tempting returns that sound too good to be true, such as much better interest rates than elsewhere.
Using convincing literature and websites, claiming to be regulated, speaking with authority on investment products.
Building a friendship with you to lull you into a false sense of security.
Fraudsters are becoming increasingly adept at what they do. Their methods can be extremely sophisticated and we must be more vigilant in response. They may seem financially knowledgeable and articulate, often with supporting documentation that make them hard to distinguish from those that they’re impersonating.
Scammers usually cold call, but contact can also come by email, post, word of mouth or at a seminar. If you’ve been offered an investment out of the blue, chances are it’s a high-risk investment or a scam.
Use the FCA Warning List to check the risks of a potential investment – you can also search to see if the firm is known to be operating without our authorisation. To check visit www.fca.org.uk/scamsmart
Get impartial advice before investing. don’t use an adviser from the firm that contacted you.
Click here to visit the FCA website for more information about this campaign, and to access the wealth of resources and information on how to spot and report a scam.
