Investments scams are up a shocking 164% is just six months as people have been swindled out of as much as €800,000.
Bank of Ireland has issued a stark warning as more fraudsters are targeting unsuspicious victims by offering high-interest returns on a range of investments, particularly in cryptocurrency. These scammers try to pose as legitimate firms in a range of ways and offer these investments by telephone call, text message, email, letter or even through home visits
A common tactic is to promise very high returns and then put people under pressure to commit to the investment opportunity quickly. People have been duped out of huge sums of money from €2,000 to as much as €800,000.
