Investment fraud reports surge to more than 8,000 so far this year

The data, supplied to AJ Bell by the National Fraud Intelligence Bureau, revealed this year looks set to hit record highs of fraud reports, including pension scams, despite the cold-calling ban, which came into force in January. The data came as The Times conducted an undercover investigation into Action Fraud revealing failures in the system. Undercover footage recorded by the newspaper showed police failing to investigate a number of fraud reports, and managers at the police crime reporting service mocking those who had lost money to scammers as "morons". AJ Bell senior analyst T...