We often see in the media yet another scam, be it from a romance on a dating site, a door stop sales person or a cold call investment opportunity.
The Fraud Insolvency Division (FInD) at Grant Thornton UK LLP provide tips and tools to help would be victims spot the signs of a scam.
For those that have been a victim of a scam there are ways to take back control that can work along side that of any police action.
Further information can be found at www.grantthornton.co.uk/investmentscams
Victims of investment scams are sold overvalued or nonexistent investments with promises of high returns with low to no risk. The investments sold by the scammers are very diverse. For example, overseas holiday properties, rare or precious commodities that will only increase in value due to their scarcity, and expert trading systems whose secrets are only known to a select few. They can be sold to you as part of a plan to improve your pension, by direct telephone sales, or by taking advantage of less regulated investment markets. Are you of a pensionable age? Are you in a position to invest substantial savings? You may be targeted with the use of high-pressure sales tactics or fall victim to misleading promotional statements and material.