National campaign launched to stop £1.2bn of investor fraud

Action Fraud, the national fraud and internet crime reporting centre that is leading the campaign, has received reports of £15.5m lost to investment fraud during the last six months, which it said shows the chronic level of under reporting of the crime. The Financial Services Authority (FSA) estimates only 10% of investment crimes are reported, with victims often failing to overcome a sense of shame and stigma before making a report. Action Fraud is warning investors not to give out personal information and to do thorough checks on who they are investing with. According to figures ...