Investment Scams Cost Victims £27m last year

Investment Scams Cost Victims £27m last year

Latest data from Action Fraud shows staggering amount lost in 2018/19

When Tim Berners-Lee invented the internet he would have had no idea of scope his creation.

However he would no doubt be mortified to see a headline like this.

The internet allows a fraudulent individual the ability to reach across the world and enter into people's homes and perpetrate calculated, organised fraud. Regrettably this shows no signs of letting up as this alarming statistic shows.

Due to the massive jump in investment scams, the FCA has launched an advertising campaign to raise awareness of online trading scams. This will run on social media and aims to make consumers more sceptical of ‘get rich quick’ trading scams that are often promoted online.

If you're unsure about any approach received by phone or email, always treat them with suspicion. The government website - - provides an excellent resource on online safety and alerts.

If you believe that you are the victim of fraud and loss following an investment there may be ways to recover your losses. Smooth Commercial provide free initial advice so it'll cost nothing to find out your options.

You can contact our experienced team by calling the number at the top of this page or by emailing

The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.