There are many different types of investment fraud. They usually involve criminals contacting people out of the blue and convincing them to invest in schemes or products that are worthless or do not exist. Once the criminals have received payment, they cease contact with the victim. We have seen an increase in investment fraud reports which are linked to gold, diamonds, art work, property overseas and crypto currency. Some fraudsters are even using celebrity images to endorse their schemes in order to get more people to sign up.

Tips for when you are looking to invest

1: Don’t be rushed into making an investment

Remember, legitimate organisations will never pressure you into investing on the spot.

2: Seek impartial advice before investing

Before making significant financial decisions, speak with trusted friends or family members, or seek professional independent advice.

3: Check if the company is regulated by the FCA

Use the Financial Conduct Authority’s (FCA) register to check if the company is regulated by the FCA. If you deal with a firm (or individual) that isn’t regulated, you may not be covered by the Financial Ombudsman Service (FOS) if things go wrong and you lose your money.

For more information about how to invest safely, please visit: https://www.fca.org.uk/scamsmart

How to report fraud

If you think you have been a victim of a scam, do not feel ashamed or embarrassed - you are not alone. Contact your bank immediately and report it to Action Fraud on 0300 123 2040 or via actionfraud.police.uk.

Useful Links

Gloucestershire Constabulary Website - Fraud PROTECT

Get Safe Online Website - GetSafeOnline "Check a Website" tool

Take Five To Stop Fraud Websire - TAKE FIVE