Pension and investment
Fraudulent actions targeting retirement funds or investors' money
Examples of Pension fraud:
- Being told by a fraudster to move your pension into a fund to a fund that is tax free or has high returns, but it goes into a criminals’ account
- Being manipulated to give all personal details, bank details, pension details, and fraudster pretends to be pension holder and arranges to take all the funds
- Fraudster convinces the pension holder they can access their pension pot before the age of 55 years old in exchange for a fee
Examples of Investment fraud:
- Ponzi scheme - no investment exists, any “returns” or “dividends” are actually from other victims paying for “investments”, the rest goes directly to the fraudster
- Victim told a crypto investment will yield quick and high returns, the money goes to an overseas account and is never seen again/ the crypto platform does not exist
- A celebrity’s photo or details are used without their knowledge or permission to promote an investment company that does not exist
- A person is cold called and convinced to purchase bonds that don’t exist and any certificate sent are fake
If the offer seems too good to be true - it is likely to be a scam