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The Economic Times
The Economic Times
National
Trending Desk

Buy gold, then leave it in a forest: Bizarre investment scam in Norway is making victims lose their savings; banks issue warning

Imagine spending your savings on gold, taking it into a forest and leaving it behind because someone promises it will be safe. That is the bizarre situation facing victims of a reported investment scam in Norway, where people are being persuaded to buy the precious metal before handing it over at secluded locations. The gold then vanishes, leaving its owners out of pocket. Finans Norge, which represents Norway's financial services industry, has alerted the public to the scheme after several bank customers reportedly suffered losses. The cases have prompted Norwegian banks to warn people about suspicious investment offers and the unusual tactics fraudsters are using to gain their trust.

Gold scam in Norway: Why are victims taking gold into forests?

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