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Gardai in Waterford say there’s been a massive rise in investment fraud during the Covid-19 pandemic.
Common investment scams may include lucrative investment opportunities such as shares, bonds, cryptocurrencies, rare metals, overseas land investments or alternative energy.
People are often lured into parting with their cash for the promise of enormous returns, but often don’t report the crime as they’re too embarrassed.
Since the Covid-19 pandemic, Gardaí have recorded a 118% increase in this sort of fraud. Brendan Roche is Crime Prevention Sgt for the Waterford Division of Gardaí:
“Investment fraud seems to catch people the most which centres around a pop-up that appears to say, ‘you can invest in this particular product’ or ‘you’ve been chosen to invest in it’. ....

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