Have you been contacted about an investment scam?

Published: 19/10/2016

How to report a suspected investment scam and advice on how to avoid further scams.  

Report a suspected investment scam 

If you suspect you have been approached by somebody operating an investment scam, please report it to the FCA using our reporting form.

If you have lost money to an investment scam

If you have lost money to a suspected investment fraud, you should report it to Action Fraud on 0300 123 2040 or online at www.actionfraud.police.co.uk  

Beware of further scams

If you have lost money to a scam, fraudsters may try to take advantage of the fact that you want to recover your money and might offer to help you get some or all of it back.

You may be contacted by a new individual or group, as it is likely your name and details appear on a list their group and others are using to target people.

You may be:

  • Reassured that your original investment is genuine and encouraged not to pull out of the deal.
  • Threatened with legal action if you stop sending money, or if you ask for your money back.
  • Told you can swap your investment for another deal, with a transfer fee involved, or asked to pay a capital gains tax bill before the large profit you were promised can be released to you, even if it does not exist.
  • Asked for your bank account details so they can pay the recovered money into it - instead of getting your money back, the fraudsters may try to empty your bank account.
  • Targeted for a ‘recovery fraud’ where fraudsters offer to sell the worthless commodity or trace the lost monies for an upfront fee, but you will receive nothing for your payment. 

Even when ‎scams undertaken by corporate entities are identified, investigated and wound up in the public interest, fraudsters still see opportunities. For example, they may try to impersonate the liquidators or say they represent the liquidators and seek upfront payment from you to either sell or release and return your investment to you.

Protect yourself from further scams

  • Break off all contact with the firm or individual you suspect has scammed you.
  • Do not part with any money to any individual or firm who claim they can help you recover your investment in return for an upfront fee.
  • If you have lost money from a company in liquidation and are approached to pay a fee or a tax to release your ‘found’ investment always revert back to the Liquidator. The real Liquidator’s details can be found through Companies House.