Fraudsters will pose as someone from an investment organisation, offering investment opportunities that promise high returns. However, these tempting opportunities are scams, and the schemes offered are worthless or don’t exist.
Fraudsters have recently been contacting businesses with cryptocurrency investment opportunities, due to the success of currencies such as Bitcoin and Ethereum. They’ll often be financially knowledgeable with credible-looking websites and testimonials. This makes them hard to distinguish from legitimate investment opportunities.
While cryptocurrency-based scams are increasingly common, they’re not the only type of investment fraud out there. Fraudsters could contact you with a range of bogus investment opportunities. They’ll often send convincing looking emails that are clones of well-known investment organisations.
“Make sure to think twice. If an investment opportunity appears too good to be true, it probably isn’t true.” - James Turley, Fraud Awareness Analyst, NatWest