FCA: £197m lost to investment scams in 2018
Average loss £29,000 per person
“Investment scams are becoming more and more sophisticated and fraudsters are using fake credentials to make themselves look legitimate" - FCA's Mark Steward
Investment scams led to £197m of reported losses last year, with victims losing an average £29,000 each, data from the national fraud reporting agency Action Fraud has revealed.
And, according to separate data from the FCA's call centre, the most commonly reported scam during 2018 involved shares and bonds, forex and cryptocurrencies, altogether accounting for 85% of all suspected...
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