BBC Article: Average Victim Loses £45k in Investment Scams.
Comments
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This was the quote from the first victim .
One victim, called Janet, said: "After searching the internet for high-return bonds, I received a call the next day about investing in student accommodation'
So she invested £40K ............2 -
Albermarle said:This was the quote from the first victim .
One victim, called Janet, said: "After searching the internet for high-return bonds, I received a call the next day about investing in student accommodation'
So she invested £40K ............Think first of your goal, then make it happen!4 -
does this include people who give out their online banking login details?0
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barnstar2077 said:Albermarle said:This was the quote from the first victim .
One victim, called Janet, said: "After searching the internet for high-return bonds, I received a call the next day about investing in student accommodation'
So she invested £40K ............A_T said:does this include people who give out their online banking login details?1 -
barnstar2077 said:Albermarle said:This was the quote from the first victim .
One victim, called Janet, said: "After searching the internet for high-return bonds, I received a call the next day about investing in student accommodation'
So she invested £40K ............I’m quite savvy minded when it comes to money – being a finance officer I thought I was a confident investor and thought I knew how to spot the warning signs of a scam. After searching the internet for high-return bonds, I received a call the next day about investing in student accommodation.
'I found legitimate details of the company online - everything seemed genuine, so I invested. A few months later, after a couple more investments, I started to get a bit worried - I still hadn’t received confirmation of the latest investment. I tried to call the contacts I had been speaking to, but the numbers were invalid. It was clear I had been scammed. I had lost £40,000. I really thought I’d be able to spot a scam, but now I know they can be far more sophisticated than I had ever imagined
A_T said:does this include people who give out their online banking login details?1 -
Greed
it often overcomes basic intelligence
I had a cold caller telling me that he had a GUARANTEED investment scheme he could let me in on
he would double my money in a month guaranteed
oh really?
yes 100%
why are you talking to me then?if such a thing existed you DEFINATELY would be telling me or anyone else
you would have borrowed as much as you can invested in your own scheme and become a millionaire and not like you are now sat in a office with other saddos like yourself on commission cold calling hundreds of people a day trying to scam the vulnerable and the greedy into investing into a bolox scam
he soon rang off5 -
It is also a shame that when scams are identified and warned about on sites like this, that the board then suffers solicitor letters demanding posts get removed or they will take action.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.12
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These are the kind of things that frighten me as a brand new investor, with regard to online investing. With web addresses easily copied now I'd be cautious, to the point of resisting, to invest. I know some people on these boards say DIY is the (cheapest) way to go, but to my mind c1% to an IFA vs 100% to a scammer is a no brainer.
I'm a bit like Janet, I like to think I am savvy in lots of ways (and I know when the Indian guy who phones me is called Phil Jones, that its a red light - you'd think they'd have cottoned on by now)
With my first steps into investing just around the corner, this is the last thing I want to hear...It'll be alright in the end. If it's not alright, it's not the end....2 -
Langtang said:I know when the Indian guy who phones me is called Phil Jones, that its a red light - you'd think they'd have cottoned on by now2
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dunstonh said:It is also a shame that when scams are identified and warned about on sites like this, that the board then suffers solicitor letters demanding posts get removed or they will take action.
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