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in Investment Fraud
pewresearch.org
· 2025-12-08
Online scams and internet crimes reached a record $16.6 billion in losses reported to the FBI in 2024, with 73% of U.S. adults reporting they have experienced at least one type of online scam or attack. The most common scams involve fraudulent credit card charges (48%), counterfeit or undelivered online purchases (36%), and hacked personal accounts (29%), with a majority of Americans receiving scam communications via phone calls, emails, and text messages at least weekly. While older adults are perceived as more vulnerable, significant portions of both younger and older adults have been victimized, with Black, Hispanic, and Asian adults reporting higher rates of experiencing multiple types of frau
floridapolitics.com
· 2025-12-08
U.S. Senator Ashley Moody testified before the Senate Special Committee on Aging about her efforts as Florida's former Attorney General to combat elder fraud, citing her establishment of the Senior Protection Team in 2019 to address civil, criminal, and health care fraud targeting seniors. Moody highlighted that while an estimated 1 in 10 seniors experience abuse, only 7% of cases reach law enforcement, and emphasized that financial scams targeting older Americans cost victims over $3.4 billion annually. She and other senators have called for coordinated federal efforts to dismantle international scam networks targeting the elderly, proposing her Florida model as a potential national approach to elder fraud prevention.
soycarmin.com
· 2025-12-08
This educational article identifies 11 common "silent scam" billing schemes targeting seniors, including deceptive free trials, fake magazine renewals, hidden medical alert fees, identity protection upsells, and difficult-to-cancel gym memberships. These subtle, recurring charges exploit seniors' trust and digital literacy gaps, accumulating significant financial losses over time despite individual charges being small. The article recommends protective measures such as carefully reading fine print, using virtual credit cards with spending limits, verifying billing sources directly, and scrutinizing contracts before purchase.
islandfm.com
· 2025-12-08
Scammers created AI-generated videos and fake press reports featuring Guernsey Deputy Lindsay de Sausmarez endorsing a non-existent government investment scheme to defraud investors. De Sausmarez issued a public warning on social media alerting islanders to the fraud, which contained a telling error referring to her as "Mr." This scam is part of a broader pattern of frauds exploiting recognizable local figures and media to target vulnerable individuals.
newsbreak.com
· 2025-12-08
Jamal "Jimmy" Dawood, a 54-year-old Burbank man, was convicted of embezzling $2.2 million from an elderly victim by fraudulently managing the victim's inherited real estate and savings, secretly transferring funds to his own accounts and those of associates, and falsely transferring properties to companies he controlled. Dawood was found guilty of six counts of wire fraud and nine counts of money laundering, with sentencing set for December 8 where he faces up to 20 years per wire fraud count. The DOJ highlighted that elder fraud victims aged 60 and older can report scams to the National Elder Fraud Hotline at
patch.com
· 2025-12-08
A San Fernando Valley man, Jamal Nathan Dawood, was found guilty of embezzling approximately $2.2 million from an elderly victim by posing as a financial advisor, fraudulently transferring the victim's inherited retirement savings and real estate properties to accounts and companies under his control. Dawood was convicted on six counts of wire fraud and nine counts of money laundering and faces a maximum sentence of 210 years in prison.
patch.com
· 2025-12-08
Jamal Nathan Dawood, 54, of Burbank, California was found guilty of embezzling approximately $2.2 million from an elderly man by fraudulently offering to help manage an inheritance, then stealing funds through unauthorized wire transfers and convincing the victim to transfer ownership of his home and inherited real estate to shell companies he controlled. Dawood was convicted on six counts of wire fraud and nine counts of money laundering and faces a maximum sentence of 210 years in prison.
foxnews.com
· 2025-12-08
A sophisticated malvertising campaign on Facebook has been deceiving users with fake ads impersonating popular cryptocurrency exchanges like Binance and MetaMask, using celebrity faces such as Elon Musk to appear legitimate. When users click these ads, they are directed to counterfeit websites that trick them into downloading malware disguised as desktop applications, which then installs a silent server capable of receiving malicious instructions while evading detection. The campaign, which has been running for several months and involves hundreds of fake Facebook accounts posting thousands of ads daily, primarily targets men interested in technology and finance, particularly in Bulgaria and Slovakia.
legaltalknetwork.com
· 2025-12-08
This is an educational podcast episode featuring cybersecurity expert Steve Weisman discussing scam prevention and identification strategies. The episode covers various scam types (including VA imposter and "free piano" scams), the role of AI in modern fraud schemes, and protective measures such as a "zero trust" verification approach where all transactions—particularly checks—must be independently confirmed before trusting them.
goldrushcam.com
· 2025-12-08
**Military Consumer Fraud Alert** - California Attorney General Rob Bonta issued a consumer protection alert warning service members, veterans, and their families about targeted scams, noting that military consumers nationwide reported over 99,400 fraud complaints last year, including 44,587 imposter scams costing victims and families over $199 million. The alert identifies common threats including charity scams (fake veteran organizations), predatory schools using high-pressure tactics to exploit GI Bill benefits, and home loan scams impersonating government agencies, advising consumers to pause on seemingly too-good-to-be-true offers and verify legitimacy before engaging.
ktvz.com
· 2025-12-08
Two women in Florida lost a combined $210,000 in a romance scam involving AI-generated voice and video impersonating actor Keanu Reeves; the scammers made initial contact through word games like Scrabble, built romantic connections with the victims, then requested money for fabricated reasons such as divorce or cancer research, with funds ultimately sent to Bitcoin accounts in Nigeria. Authorities indicated the victims have virtually no chance of recovering their money.
ainvest.com
· 2025-12-08
This article discusses demographic and investment trends related to aging populations rather than fraud or elder abuse. It presents the "silver tsunami" as a $600 billion investment opportunity, noting that declining financial literacy among seniors (dropping 1% annually after age 65) creates vulnerability, while AI-powered fintech platforms are emerging as solutions to help older adults manage retirement savings and combat fraud. The piece recommends investment allocations across healthcare, senior housing, annuities, and fintech sectors to capitalize on aging populations' growing financial needs.
**Note:** This content is investment-focused analysis, not a case study of actual elder fraud or abuse events.
noozhawk.com
· 2025-12-08
Jonathan Tudor, a 64-year-old West Hollywood man, was arrested for allegedly posing as a BMW luxury car executive and scamming at least four Santa Barbara County victims out of approximately $16,000 each by promising discounted high-end vehicles that were never delivered. Tudor faces 44 felony counts including elder theft, securities fraud, grand theft, and money laundering, with authorities discovering over $250,000 in luxury goods at his home but no evidence the promised vehicles existed. Detectives believe additional victims exist in Los Angeles and beyond and are seeking them to come forward.
goldrushcam.com
· 2025-12-08
A San Fernando Valley man, Jamal Nathan Dawood, 54, was found guilty of embezzling approximately $2.2 million from an elderly victim's inherited estate through wire fraud and money laundering schemes conducted in 2019. Dawood fraudulently transferred funds from the victim's trust account to his own accounts, convinced the victim to transfer ownership of his home and inherited real estate properties to companies he controlled, and misrepresented that the victim would retain ownership interests. He faces up to 20 years in federal prison for wire fraud counts and up to 10 years for money laundering counts at his December 8 sentencing hearing.
inyourarea.co.uk
· 2025-12-08
A June 2024 survey by Censuswide commissioned by TSB Bank found that 31% of social media users acted on financial tips from "finfluencers," with 55% of those losing money as a result. Young people aged 16-34 were particularly vulnerable, with two-thirds of 18-29-year-olds following financial influencers and 74% trusting their advice, while these scams often use Ponzi schemes or fake investments promising guaranteed returns through flashy lifestyle imagery. The FCA warns consumers to watch for unrealistic promises, pressure to act quickly, and complicated jargon, and recommends checking the FCA Warning List before investing an
thesun.my
· 2025-12-08
I cannot summarize the requested article because the provided text does not contain the full article about the missing man found in Tatau pond. The title is given, but only the opening sentence appears before the content switches to an unrelated news feed containing various Malaysian news stories about politics, sports, crime, and infrastructure. To provide an accurate summary for the Elderus database, I would need the complete article text about this incident.
edhat.com
· 2025-12-08
Johnathan Edward Tudor, 64, of West Hollywood was arrested and charged with 44 felony counts including theft from an elder, securities fraud, and money laundering after posing as a BMW executive to defraud victims of approximately $16,000 each for luxury vehicles that were never delivered. Investigators identified at least four victims in Santa Barbara County during a scheme that began in November 2024, and seized over $250,000 in luxury goods from Tudor's residence believed purchased with victim funds; authorities believe additional victims may exist in Los Angeles and beyond.
yahoo.com
· 2025-12-08
Jamal Nathan Dawood of Burbank was convicted of embezzling over $2.2 million from an elderly victim by offering to manage his inherited assets, then fraudulently transferring funds and real estate properties to accounts and companies he controlled without the victim's knowledge. Dawood was found guilty of six counts of wire fraud and nine counts of money laundering, with sentencing scheduled for December 8, 2025, where he faces up to 20 years per wire fraud count and up to 10 years per money laundering count. The case illustrates the risk of financial exploitation targeting elderly individuals with inherited assets.
yahoo.com
· 2025-12-08
A 24-year-old Tampa woman was arrested for operating a "tap-in" ATM fraud scheme via social media, in which she recruited people to allow access to their bank accounts, deposited counterfeit checks, and withdrew cash before the checks bounced. During a July 2025 search warrant, authorities recovered 117 fraudulent credit cards, card-making equipment, $6,292 in cash, and stolen financial documents from her home. The case highlights a growing social media scam trend where fraudsters lure victims with promises of quick money by offering a percentage cut, putting participants at risk of bank fraud charges and identity theft.
inkl.com
· 2025-12-08
"Quishing" scams exploit QR codes by directing unsuspecting users to malicious websites or phishing pages, with 73% of Americans scanning codes without verifying authenticity and over 26 million people directed to malicious sites. Scammers favor this tactic because QR code generators are freely available and codes can be easily placed on stickers, letters, and signage, making execution simple and low-risk. Only 36% of quishing scams are accurately identified and reported, as security experts note QR codes were designed for convenience rather than security, making them an attractive target as traditional phishing defenses improve.
newskarnataka.com
· 2025-12-08
A Mangaluru resident lost ₹22,59,613 to an online trading scam that began in October 2024 after he clicked a link from a Facebook video featuring a deepfake of Union Finance Minister Nirmala Sitharaman. Multiple fraudsters posing as traders and bank officials contacted him over several months, convincing him to make repeated transfers under false pretenses including taxes, penalties, and money laundering threats. The victim filed a police complaint in March 2025 when he realized no profits or withdrawals would materialize, and investigations are ongoing at Kankanady Town Police Station.
thevibes.com
· 2025-12-08
A 54-year-old senior university lecturer in Malaysia lost RM172,170 across two separate scams: RM162,170 to a fraudulent cryptocurrency investment platform called "cryptoproe" he was lured into via a fake Hong Kong woman on social media, and RM10,000 (partially) to a parcel delivery scam orchestrated through an online romance. In a separate incident, a 67-year-old engineer lost RM230,000 to a fake stock market investment scheme called "Elite Group" promoted via WhatsApp, which promised unusually high returns but repeatedly requested additional payments. All cases are being investigated under Malaysia's Penal Code Section
freepressjournal.in
· 2025-12-08
A 73-year-old businessman from Thane lost Rs 5.77 crore (approximately $690,000 USD) over three months in an investment scam involving fake stock trading and IPO apps. Scammers contacted him via WhatsApp promising 40% returns, induced him to download bogus trading applications showing false earnings of Rs 22.87 crore, and then blocked him and deactivated the apps when he attempted to withdraw funds. Police registered an FIR under cheating and cybercrime sections after the victim reported the fraud to the cyber crime helpline.
malaysia.news.yahoo.com
· 2025-12-08
Malaysian authorities have warned of a rising trend of AI-generated deepfake voice scams targeting victims by impersonating family members and public figures. Since early 2024, police investigated over 454 cases involving cloned voices requesting urgent money transfers, resulting in approximately RM2.72 million in losses, with scammers also using altered videos of celebrities and political figures to promote fake investment schemes. The scams exploit emotional trust and create false urgency, posing threats to individual safety, media credibility, and national security.
malaysia.news.yahoo.com
· 2025-12-08
Malaysian authorities reported a significant wave of AI-powered scams in 2024, including voice-cloning fraud and deepfake video investment schemes. Voice-cloning scams used AI to impersonate employers, family members, and friends via phone and WhatsApp, with documented victims losing between RM3,000 to RM49,800; police investigated 454 deepfake fraud cases totaling RM2.72 million in losses. Deepfake videos falsely featured prominent figures including the Prime Minister, business leaders, and celebrities endorsing fraudulent investment schemes, with Malaysians losing RM2.11 billion to such scams across 13,956 reporte
manchesterjournal.com
· 2025-12-08
This educational piece explains why intelligent people fall victim to scams, attributing victimization not to lack of intelligence but to social engineering tactics that exploit basic human emotions like fear, love, greed, and trust. The author emphasizes that criminals are skilled professionals who succeed by targeting the right person at the right time and that self-defense requires self-awareness, emotional control, and a team approach rather than going it alone. The piece concludes by urging readers not to shame victims and notes that fraud awareness presentations are available through AARP Vermont.
ainvest.com
· 2025-12-08
Steven Ware of Yonkers, New York pleaded guilty to bank fraud and identity theft for submitting false IRS tax refund claims under a Connecticut investment executive's identity, obtaining $810,337 in unauthorized refunds through fraudulently opened bank accounts. The article also references a separate elder fraud case in which scammers collected over $200,000 from elderly victims through identity theft and wire fraud. These cases illustrate broader vulnerabilities in identity verification systems and the increasing use of stolen identities to defraud government agencies and vulnerable populations.
the420.in
· 2025-12-08
A 79-year-old woman in Mumbai lost ₹21 lakh (approximately $25,000 USD) between April and July after being lured by a social media puzzle game advertisement that promised a ₹10 crore prize, with scammers repeatedly demanding various fees under false pretenses before ultimately disappearing. The victim made multiple transfers after receiving fake documents and government clearances, only to be informed the game was discontinued and the prize would not be transferred. Mumbai Police's cyber cell has registered a case under the Information Technology Act and are investigating the digital trail of bank accounts and communications.
theportager.com
· 2025-12-08
This educational article warns older adults to recognize signs of financial exploitation by family members or caregivers, noting that the FBI reported nearly $4.9 billion stolen from seniors last year with investment scams causing the largest losses at $1.8 billion. The piece outlines warning signs of exploitation—such as sudden asset transfers, forged signatures, and unexplained disappearances of funds—and directs Ohio residents to report suspected elder abuse to Adult Protective Services at 330-296-2273. The article also provides information about the Summer Crisis Cooling Program to help seniors aged 60 and older pay electric bills if they meet income requirements.
tradingview.com
· 2025-12-08
A UPay analysis of 236 major crypto scam cases revealed losses exceeding $60 billion, with the largest single loss being $40 billion from the Luna Yield collapse. The most prevalent scams included fraudulent trading platforms (112 cases), romance scams (46 cases), pig butchering schemes (39 cases), rug pulls (29 cases), and Ponzi schemes (28 cases). Common tactics involved building fake relationships to lure victims into fraudulent platforms with inflated balances, fake profit displays, hidden withdrawal fees, brand impersonation, and rug pulls where developers disappear after raising funds—with individual victims losing hundreds of thousands of dollars in each
menafn.com
· 2025-12-08
**Summary:**
In Khyber Pakhtunkhwa's Bannu district, senior education officials face charges for a Rs50 million furniture scam involving the misappropriation of Rs80 million in government funds allocated for school furniture in fiscal year 2021-22, with the contractor who failed to deliver the furniture unpunished and his security deposit returned. Despite an inquiry report identifying alleged perpetrators—including former and current District Education Officers and a teacher—the National Accountability Bureau and Anti-Corruption Department have failed to prosecute any key figures over four years, with the Chief Secretary only issuing notices and charge sheets with no significant progress reported.
bizzbuzz.news
· 2025-12-08
BreadXPay is a fraudulent fintech platform orchestrated by Joshua Sneider that targets retirees worldwide with promises of cross-border payment solutions and high investment returns (up to 10% monthly). The scam operates through shell companies registered in jurisdictions like Canada and the UK with puppet directors, funneling victim deposits through offshore accounts where they disappear; one documented case involved a 72-year-old Florida teacher who lost her $25,000 life savings after receiving fabricated account statements and being blocked from withdrawals. Elder financial abuse through schemes like this costs seniors over $28.3 billion annually globally.
mwe.com
· 2025-12-08
This article is not relevant to elder fraud research. It discusses recent changes to white-collar crime enforcement policies in the US Department of Justice and UK Serious Fraud Office, focusing on corporate self-disclosure incentives, FCPA enforcement, and anti-bribery measures—topics outside the scope of elder abuse, elder fraud, or scams targeting seniors.
theguardian.com
· 2025-12-08
The Liberal Democrats called for urgent regulation of YouTube advertising after scams involving deepfakes, impersonated public figures, and fraudulent investment schemes proliferated on the platform with minimal oversight. Notable examples included AI-generated deepfake ads impersonating consumer champion Martin Lewis to promote cryptocurrency schemes, as well as ads for fake products, scam diet pills, and government grant impersonations that remained online for days before removal. The party is urging the UK government to bring YouTube under the same pre-approval and independent enforcement standards as traditional broadcasters, with Ofcom given powers to levy fines and redirect revenues to scam victims.
cutoday.info
· 2025-12-08
Representatives Zach Nunn (R-IA) and Jim Himes (D-CN) introduced the bipartisan TRAPS Act to combat rising payment scams affecting Americans, particularly seniors, by establishing a coordinated federal task force involving law enforcement, regulators, and industry partners. Iowa residents lost over $52 million to scams in the past year across schemes including fake investments and romance cons, with the U.S. experiencing a 25% increase in fraud in 2024, prompting support from credit unions and military advocacy groups who note the scams disproportionately affect senior veterans and active-duty families.
express.co.uk
· 2025-12-08
Cybercriminals are exploiting the summer holiday season in the UK through sophisticated scams including AI-generated fake travel websites, bogus delivery notifications (parcel scam searches up 400%), and fraudulent accommodation bookings, with victims losing hundreds to thousands of pounds and risking identity theft and account compromise. August is identified as a peak fraud month when people's guards are lowered by holiday distractions, and sharing travel details online—such as boarding passes on social media—further exposes victims to targeted attacks and personal data theft.
fintech.global
· 2025-12-08
A UK study by Yaspa found that over 40% of fraud victims in the past year recovered no losses, with only 19% retrieving their full amounts—the average loss was £765 with just 34% recovered overall. Men lost significantly more than women (£943 vs. £476 average), and Northern Ireland experienced the highest regional losses at £2,290, while online shopping, fake emails, and Facebook Marketplace were the most common fraud platforms. The research highlights that push payment fraud is particularly difficult to recover from, though emerging AI-powered scams and lack of consumer awareness pose growing threats despite 75% of respondents claiming confidence in identifying fraud.
oregonlive.com
· 2025-12-08
The Oregon Department of Justice warned residents of a rising "gold bar" scam targeting Pacific Northwest residents, in which scammers impersonating banks or government agencies convince victims their accounts are compromised and pressure them to purchase gold bars and hand them over to couriers. Recent victims in Eastern Oregon lost significant amounts—one woman lost $600,000 with an additional $300,000 in gold bars prevented by police intervention, and another lost $60,000 in a related silver bar scam. Officials emphasized that no legitimate financial institution or government agency requests customers to liquidate assets into gold and transfer them to strangers.
tradingview.com
· 2025-12-08
WhatsApp removed 6.8 million accounts linked to "pig butchering" scams, which combine romance-baiting with fake investment fraud schemes that often result in cryptocurrency losses. Scammers used AI tools like ChatGPT to generate initial contact messages, then moved victims to Telegram where they were shown fake profits before requesting real money deposits. A study of 236 major cryptocurrency scam cases found total losses exceeding $60 billion, with pig butchering schemes accounting for 39 cases and representing one of the most damaging forms of fraud due to extended manipulation periods lasting months or years.
financemagnates.com
· 2025-12-08
This article is not relevant to the Elderus database. It is a promotional announcement for a fintech industry panel discussion about trading platform technology and risk management for brokers—not about elder fraud, scams, or elder abuse. It contains no information about elder fraud cases, scams targeting seniors, or abuse of older adults.
newindianexpress.com
· 2025-12-08
Bengaluru has experienced a surge in online dating scams where fraudsters build emotional relationships with victims on matrimonial and dating apps before exploiting them through sextortion or fake investment schemes. Recent cases include a 32-year-old software engineer who lost Rs 79.3 lakh investing in a fraudulent trading app and a 37-year-old businessman who lost Rs 5.5 lakh in a sextortion scam. Cybercrime police advise against sharing personal or financial information with online strangers and warn against promises of quick financial returns.
oag.ca.gov
· 2025-12-08
California Attorney General Rob Bonta launched a new hospice fraud initiative to educate the public and provide reporting resources for victims of fraudulent end-of-life care practices that exploit vulnerable elderly and terminally ill patients through schemes like enrolling ineligible patients and billing for services never rendered. The initiative, addressing what has become an epidemic particularly in the greater Los Angeles area, equips individuals and families with tools to recognize red flags such as little actual care being provided, unexplained gifts, or dragging services without updates. Since taking office, the Attorney General has filed criminal charges against 109 individuals for hospice fraud-related offenses and conducted 24 civil investigations.
postcrescent.com
· 2025-12-08
A Grand Chute woman was defrauded of over $2.2 million in gold bars in a scam where she believed she was protecting her money, leading to federal charges against Antonio Peña and Brandi Durst for money laundering conspiracy and wire fraud. The scammers posed as Microsoft representatives, bank officials, and government agents to build trust, isolated victims from family members, and convinced them to convert retirement funds into gold bars, which the defendants would then steal. Gold bar scams have become increasingly common and specifically target elderly populations, as gold is difficult to trace and perceived as secure, making it ideal for money laundering schemes.
alreporter.com
· 2025-12-08
Senators Katie Britt (R-Alabama) and Kirsten Gillibrand (D-New York) introduced the bipartisan GUARD Act to combat financial scams targeting older Americans, particularly those using cryptocurrency and blockchain technologies. The legislation would allow state and local law enforcement to use existing federal grant funding to hire personnel and deploy advanced tracing tools, addressing gaps that enable scammers to escape prosecution. According to the Federal Trade Commission, Americans aged 60 and older lost over $2.3 billion to fraud in 2024—a 21% increase from 2023—with experts estimating total unreported fraud at $61.5 billion, including growing "
justice.gov
· 2025-12-08
The U.S. Attorney's Office for the Southern District of Illinois partnered with the Sparta Senior Center to present a free fraud prevention seminar educating seniors on online and phone scams, including impersonation schemes where fraudsters pose as federal agents to steal money. The presentation, held on August 20, covered common fraud schemes targeting seniors, details on prosecuted federal cases, and practical tips for detecting scams and reporting suspected fraud to law enforcement.
boredpanda.com
· 2025-12-08
This article discusses various scams and questionable spending habits that millennials fall victim to, including multilevel marketing schemes, online sports betting, rage bait engagement, fake detox products, and premium food delivery services. The piece compiles Reddit comments from millennials admitting to these scams, though commenters debate whether some items (like detox products and food delivery) are actual scams or simply poor financial decisions and that similar issues affected previous generations.
mondaq.com
· 2025-12-08
Romance scams have evolved to exploit cryptocurrency investments rather than traditional forex trading, using dating apps as the initial contact point where scammers build emotional trust with victims before directing them to fake investment platforms. The scam operates by showing fabricated profits on fraudulent websites, then requesting additional "fees" or "taxes" to withdraw funds, with victims often investing money they cannot afford to lose and accumulating debt. The article advises protecting yourself by recognizing that emotional manipulation combined with promises of easy investment returns are classic warning signs, and following the principle of never investing more than you can afford to lose.
yahoo.com
· 2025-12-08
Three Texas men were arrested for defrauding approximately 75 elderly victims of $1.5 million through a loan scheme in which they posed as business representatives offering to reduce utility bills, then fraudulently applied seniors' electronic signatures to 20-year loans ($13,000-$32,500 per victim) without consent. The article notes that elder fraud has become increasingly sophisticated, with 2023 losses exceeding $3.4 billion nationally among seniors aged 60+, now involving investment schemes, cryptocurrency fraud, and AI-enhanced techniques like voice cloning and deepfakes.
spectrumnews1.com
· 2025-12-08
Governor Andy Beshear announced the launch of StopScams.ky.gov, a new website designed to help Kentuckians report scams, learn prevention strategies, and access recovery resources. According to a 2024 FBI report, Kentuckians lose over $74 million annually to online scammers, prompting the state to partner with the Better Business Bureau and AARP to equip residents with tools to identify and avoid fraud. The site emphasizes a "pause, check, and protect" approach and offers scam alerts via email or text, along with free educational "Scam Jam" events throughout the state.
international-adviser.com
· 2025-12-08
Investment scams are now among the most common consumer scams in the UK, often initiated through phone calls, emails, or social media with promises of guaranteed returns and exclusive opportunities. Common types include fake broker scams using cloned websites and cryptocurrency trading platform scams that show fake returns before freezing withdrawals; red flags include high-pressure tactics, lack of verifiable company addresses, requests for payment to personal accounts or cryptocurrency, and unregulated platforms. The FCA and consumer protection bodies recommend verifying company details on the FCA register, taking time to research independently, and avoiding firms that pressure quick decisions or request unusual payment methods.