Many of us think we could spot a scam and would never fall victim but just how would the scam be pitched to us and how would we be drawn in?
The Fraud Insolvency Division (FInD) at Grant Thornton UK LLP have pieced together the typical patter that is used in cold call scripts.
Generally speaking, reputable companies rarely call to discuss investments over the phone or if they do, you will speak with somebody you know. A key warning sign is that a stranger is calling you and fishing for your personal information. They may also inquire about your preferences or offer to provide reading materials so they have an opportunity to call you again. “Good morning/afternoon. My name is [X] from [company]. We've not spoken before, this is a quick courtesy call to introduce myself and to request your consent to send some free press information/a brochure on the fine wine market and how it's been outperforming stocks, property and land for over 30 years whilst remaining capital gains tax free.”