£197m lost in a year to scammers; FCA issues new warning

Holly Roach
clock • 2 min read

The Financial Conduct Authority (FCA) has warned the public to be vigilant of investment scams as Action Fraud reveals more than £197m was lost to scams in 2018.

Victims were scammed out of over £29,000 each on average last year, based on 6,759 reports, as scammers use increasingly sophisticated tactics to persuade savers to invest and subsequently lose, fo...

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