€25 Million Stolen Through Investment Fraud Last Year

Garda figures show a 90% increase in 2023, amounting to more than €25.36 million euro, which is almost equal to the combined amount stolen from victims in 2021 and 2022.

Over double the number of victims have reported the crime in the first two months of this year, compared to January and February 2023. In May last year, a man in his 40's clicked on a social media link advertising investment opportunities and entered contact details. He was defrauded of €100,000 after he was contacted by phone from a person pretending to be from a reputable financial institution about purchasing bank bonds.

Gardaí are advising people to pay close attention when considering any potential investments given the significant rise in investment fraud.

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