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How to avoid investment fraud as cases more than double in the last six months

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Cases of investment fraud have more than doubled in the last six months, Bank Of Ireland has said.

This type of scam is up 164% over the period, with some people losing up to €800,000 as a result of them.

A common tactic used by these fraudsters involves promising very high returns that then put people under pressure to commit to the investment opportunity quickly.Often what happens is, people fall victim to scams of this nature when they are researching products that offer better returns. This can be investments, bonds, or bitcoin.

“By being aware of how these false firms turn up and the tactics that they use, consumers and investors can take steps to protect themselves against fraud and financial loss." Avoid any investment opportunities that may have a celebrity or influencer’s name connected to them. Most of the time, these people are unaware that their name and image is being used to trick people.

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How to avoid investment fraud as cases more than double in the last six monthsCases of investment fraud have more than doubled in the last six months, Bank Of Ireland has said.
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