Money making scams

Scams can look like great deals and get-rich-quick schemes. But if you know what to look out for and what to do you can protect yourself.

Investment fraud

Investing can be a great way to make money. But fraudsters may offer you fake investments. You need to be able to spot a scam to keep your cash safe.

What to look out for:

  • Unexpected callers - Fraudsters like to call or email unexpectedly. They will try to gain your trust and get you to invest your money.
  • Common scams - A lot of investment scams are for precious gems or metals, wine, land abroad, cryptocurrencies or energy.
  • They know a lot about you - Scammers do lots of research before they call. So they might know some details about you and your finances.
  • You’re put under pressure - Fraudsters want to hurry you into making a quick decision. Don’t trust a deal that you have to do straight away.
  • You’re told to keep it secret - If you’re asked to keep quiet about an investment it’s likely to be a scam.

What you can do:

  • Think first - Take your time to look at a deal to make sure it’s genuine and right for you.
  • Get advice - Friends, family, and Independent Financial Advisors (IFAs) can give you advice on how to make the most of your money.
  • Use the Financial Conduct Authority (FCA) - The FCA site has a register of companies that can sell stocks and shares. It also gives advice on how to spot a scam.

Next topic: Competition scams

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Think you've been a victim of fraud?

You should contact us right away if you think you’ve been a victim of fraud. We can then guide you on what to do next.

Contact us nowif you think you've been a victim of fraud.