The City of London police have revealed the result to their research into investment scams and the most likely targets which sees a new joint initiative launched with Trading Standards.
From my own experience in dealing with creditors involved in these scam companies that have been forced into liquidation I am not surprised by the findings. I have also found that many are married men whose partners do not have any involvement in the family's savings. If a couple/or family members shared the 'nest egg' responsibility then perhaps a red flag would fly as the more these types of investments are discussed the less secretive and successful these scammers will be.
Men aged 65 living in metropolitan areas, who have more than £30,000 in savings, are the chief target for investment fraudsters, according to detailed profiling by the City of London police........... This week, the City of London police, alongside Trading Standards, will launch a series of videos highlighting the impact of investment fraud, with advice on how people can protect themselves. A specialist role is being created to help local authorities across the country take on bogus investment companies operating from serviced offices and using mail forwarding services.