AIB warns customers about online investment scams | JOE.ie

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The bank states that customers have lost money by trusting in 'celebrities' and 'selfie requests'

"If you've got some spare cash to invest, maybe some pension money, think carefully about where to send it. There are a lot of investment ideas out there - some good and some bad, like the promise to double your money. Some genuine investment products are endorsed by celebrities, but criminals also try to take advantage of people's trust in them.

"Ask yourself, why would that celebrity chef/actor/business guru put their name to an investment scheme? Most of these endorsements are scams. If the results look too good to be true, they usually are. There are genuine cryptocurrency and other types of investment opportunities out there, but you should always check if the broker is regulated.

"You can find out if they're regulated by going to the Central Bank's website and searching for Register of Firms. See? We didn't include a link, because a link can take you to a dummy site.

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