Gardaí warn that investment scams are wiping out people s savings
Scale of investment frauds running at tens of millions of euro , with a 120% increase in the number of frauds in the last year
Gardaí say 40% of the victims of investment fraud are female and an increasing number of people in their 30s and 40s are also affected.
Tue, 09 Mar, 2021 - 06:30
Cormac O’Keeffe, Security Correspondent
Most people who are duped into investment scams are losing their life savings, according to a new Garda awareness campaign.
In one recent case, a retired professional living in the Midlands lost his entire pension and savings, worth nearly €250,000 in total.