An Garda Síochána are reminding the public to be aware of the rise in investment fraud scams.

A spokesperson said: “Unfortunately such scams are becoming more prevalent, particularly during the pandemic due to increased online traffic and targeting of the general public by criminals using ever increasingly sophisticated means.”

So what is an investment fraud scam?
An investment fraud scam is a fraud where criminals pose as investment managers, promise quick and high rates of return, and simply steal your money.

The fraudster uses various investment schemes such as in rare metals, overseas property, and alternative energy schemes such as carbon credits and forestry.

Promises are made of fast, enormous returns, once in a lifetime opportunities and can be seen to be endorsed by reputable business people or celebrities but this is without their knowledge.

How can people…

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