Consumers are being warned of a rise in convincing investment scams that are targeting those over-55.Brochures, using the names and branding of well-recognised and legitimate bonds and investment schemes, are being circulated by fraudsters and advertised online.The fraudsters hide behind websites - including product comparison websites - which appear to be legitimate and also make contact through cold calling, unsolicited e-mails, social media and text messages.
Indications suggest the scams are particularly targeted at those in the over-55 age bracket, with a minimum investment of €20,000, and in many cases more than that. Take your time: Important to note that there are very few legitimate investment opportunities that require you to hand over or transfer money immediately
Verify the Information: Check all information with a trusted third party such as a legal/financial professional and consult family and close friends"While the amounts may seem high it's important to point out that the victims are not necessarily wealthy customers, but often people on low to average incomes who have worked hard all their lives to build up a pension - and are at a stage where they are looking for a last opportunity to top up their finances," she said.