7 steps to take to reduce the risk of investment fraud

When you’re investing your money, you should carefully think of the investment risks involved. However, considering how attractive your investment portfolio will be to fraudsters is just as important. Figures obtained from the National Fraud Intelligence Bureau by AJ Bell suggests that investment fraud is on the rise. It’s a crime that could mean victims’ financial security and future is placed at risk. In the first six months of 2019, over 8,000 investment fraud reports were made, almost double the amount in the same period last year. The rapid surge means investment ...

Most victims of financial scams never receive a penny back

Pensions Freedom causes scams to soarNew research has shown that most victims of financial scams never receive a penny back of the money they lost. Despite warnings financial scams, fraud and cons are on the increase. The BBC has revealed that figures from the Royal Bank of Scotland show 5,000 of their customers fell victim over the past year, losing a total of £25 million. To compound the misery of the original fraud, the figures also showed that 70% of victims never recouped a penny of their losses. What’s more, the average amount ...