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Legal & General issues scam warning as investors targeted by fraudsters – are you at risk?

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There’s also a wealth of tips on how people can reduce the risk of falling victim to a scam.

Action Fraud, the City of London Police and the Financial Conduct Authority (FCA), recently issued a warning about “clone” firm scams.

It came after more than £78million was stolen via “clone” firm investment scams.

Since the UK first went into lockdown, the number of these types of investment scams being reported increased by 29 percent.

On average, victims have been scammed out of more than £45,000 each.

Superintendent Sanjay Andersen, from the City of London Police’s National Fraud Intelligence Bureau, said: “The coronavirus pandemic has caused many people to feel financial worry and uncertainty – something which criminals will feel no remorse about capitalising on.



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