Fraud investigators are warning investors not to fall for promises of untold riches made by tricksters who call them out of the blue. The government’s Insolvency Service is concerned that so many investors hand their savings to crooks offering alternative investments with unrealistic returns. In the latest, Gary Arnold, 31, of Waltham Forest, East London, […]
90% Of Retirement Savers Can’t Spot A Scam
October 21, 2016
Most retirement savers are confident that they can spot a pension fraud – but nine out of 10 picked a scam when asked to choose from three mock-up adverts offering financial advice. Consumer watchdog Citizens Advice asked 2,000 people whether they felt safe from scammers, and 75% said they were confident they could spot a […]
What are the hallmarks of a financial scam?
November 8, 2012
If financial scams were obvious, they would not work. But with the benefit of hindsight, there are always certain hallmarks to scams that should have flagged their fraudulent nature. So how can a prudent investor protect themselves and try to spot the signs that all may not be well? Too good to be true Fraudsters […]