Investment fraud victims hit up to 4 times

Investment fraud victims are suffering £373m of repeat fraud a year and can lose even more than they lost the first time they were conned, according to police data.

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Calls grow for law change to tackle online harm

Wealth management professional trade body PIMFA and the Financial Services Compensation Scheme have joined calls for economic harm to be included in the government’s upcoming Online Safety Bill.

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Clone investment scams surge 30% during lockdown

Investment scam victims are losing an average of £45,000 each to fraudsters and falling prey to a soaring number of 'clone' investment scams, latest figures from Action Fraud reveal.

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Investors lose £657.4m as investment fraud rises 28%

Between September 2019 and September 2020, Action Fraud received over 17,000 reports of investment fraud amounting to £657.4m in reported losses.

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