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 

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