There are many ways a fraudster parts the unwary from their
money and billions of pounds are handed over to scammers and
fraudsters by the trusting public when promised an easy way to make
money. There is no typical victim, and one of the best ways of
protecting yourself from such a crime is to be extremely wary.
Protect yourself by considering the following:
Always consider any offers, deals or
investments for at least 48 hours before making a decision. It is
rare for a genuine deal to vanish so quickly.
All offers, deals and investments
carry risk, there are no guaranteed cannot lose schemes. A too good
to be true deal is precisely that.
The fraudster may know about your
previous investments and other personal details such as any shares
you hold. This must not be regarded as evidence of good provenance;
it is simply evidence of thorough research.
Be aware that the fraudster may draw
you in by slowly building your trust and confidence and involving
in a small investment that does produce a good return before
setting up the bigger fraudulent deal.
Never hand over money until you have
thoroughly researched the company or person involved and you are
happy with their credentials.
Do not send money to anyone you do
not know regardless of how key you are told they are to the
Do not divulge your banking details.
There is no reason to do so.
Do not rely on testimonials alone,
Do not click on a link in an email to
go to a website, always log on separately.
Do not use a lawyer suggested by the
scheme, seek independent legal advice.
There is no shame in being deceived by a fraudster, they are
usually extremely charming, plausible and cunning, be assured you
will not be first person to fall for their persuasive pitch. If you
report your experience you will not only have a better chance of
recovering your money and you will also make it harder for them
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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Last year proved a turbulent year for the FinTech sector. Although the industry continued to boom, the Brexit vote and the election of Donald Trump seem to have caused many investors to pause and reconsider investing in Europe and North America.
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