Facebook ads funnel victims to wine investment scams
Social media adverts promised returns of 5%
Scams
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Forex and crypto scams set investors back £27m
Celebrity names used to dupe victims into investing in ‘scammers paradise’ cryptocurrency
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Brazilian eco-housing investment scheme boss banned
UK court disqualifies fraudster with links to Gibraltar after victims were promised 20% returns
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Aussies lost A$500m to scams in one year
Investment fraud alone netted criminals 34% more in 2018
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17 years in jail for wine investment scammers
‘Sucker list’ used to cold-call victims
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Pension scheme fraudster jailed for 40 months
Rise of sinister scams ‘is a serious stain on society and needs eradicating’
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Over 125,000 people have lost money to pension scams
Around a quarter of a million retirees have been contacted by fraudsters at least once
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Financial advisers lost £93m to invoice scams
Over 40% of firms in the UK are unaware of the risks
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Under 8% of scammed investments returned to victims
There were 3,385 reported scams in 2018
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HIV investment scammers jailed for total of 14 and half years
Scheme was promoted as an ‘investment opportunity’ but was ‘fraud masquerading as avoidance’
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Instagram to fight against investment scams
Some 356 reports of scams were made to a UK fraud centre with a total loss of just over £3.1m
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Land banking scam victims urged to contact regulator
Of the £32.8m defrauded, only £2.5m has been returned to the watchdog by the firms involved