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Silicon Valley Investor’s Due Diligence Fail
Silicon Valley is known globally as the center of technology entrepreneurship and innovation. It is the hub of tech start-ups, full of hopefuls vying for funding from venture capitalists and angel investors. And many with money to spare are eagerly searching and awaiting the next big thing in tech to invest in. However, Silicon Valley…
Read MoreArmchair Detectives Save Themselves From Investment Scams
Last week, the Financial Conduct Authority (FCA) reported that 25% of people who avoided an investment scam, are being armchair detectives to stop rogue traders in their tracks. They reported that savvy investors saved £2m in 2022 by spotting the warning signs. With calls to the FCA increasing 193% in the last five years, which…
Read MoreReports Find Investment Scams Rise By 193% in 5 Years
It was reported this week that calls to the Financial Conduct Authority about investment scams have risen by almost 200% in the past five years. As fraudsters become more astute and sophisticated at how they going about their scams. This is partly due to the rise in ‘push-payment’ fraud, where scammers pose as trusted figures…
Read MoreIs The Cost of Living Pushing People Into Scams?
Scams are exploiting people who are struggling with the cost of living, banks have warned. Young professionals are especially vulnerable as they are the most active on social media. Scammers are approaching people on social media with offers of investments that are said to bring quick, high returns. Always a red flag. Fraud prevention service…
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