Brits who are keen to make more money by investing have been issued a warning from Lloyds Bank.
The alert comes after a series of investment scams which have seen savers lose as much as £31,000. Lloyds said victims aged 18-24 are most likely to be conned, though people of all ages have fallen for the scams.
On average, those who tricked by such scams are forced to part with almost £9,000. Young investors, Lloyds said, are being lured by fake crypto and "meme" stocks - where shares in a company that has gone viral quickly increase in value as a result of its popularity, rather than its financial performance.
