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‘Staggering amounts’ of money being stolen through investment fraud, gardaí say

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An-Garda-Siochana Berita

Cost-Of-Living

‘Sophisticated criminals’ taking advantage of high cost of living by cloning webpages and targeting victims through adverts online

The fake adverts promise 'once in a lifetime opportunities' in the form of fast and large financial returns through investments.

Some 1,117 people have reported incidents of investment fraud to gardaí since January 2020, with 44 per cent of those concerning cryptocurrencies such as Bitcoin. The online trading broker disappeared, with the victim losing any money invested. The case is currently under investigation by gardaí. When he questioned this, he was told he had to pay €36,000 in Dirt tax to access the fund. He reported the fraud to gardaí soon after.

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