UK FCA: investment fraudsters’ number one tactic is to pressure seniors to make fast decisions

[mlawson71]

Investment fraudsters in the UK caused citizens over 55 years of age to lose on average £32,000 in 2016, according to data published by the UK Financial Conduct Authority (FCA). One of the most common methods used by fraudsters to persuade victims to invest is to pressurize them to make a quick decision on a time-limited investment offer.

Some 53% of the over 55s in the UK believe acting quickly can be key to getting a good deal. These investors could be vulnerable to this tactic as this kind of attitude is exploited by fraudsters who offer time-limited deals.

Apart from that they have a number of other tactics they use to defraud people.

 

[southall]

Shown in action:

 

[Xela]

Investment fraudsters in the UK caused citizens over 55 years of age to lose on average £32,000 in 2016

A fairly classic example of a misuse of statistics, in that statement, if you think about what it actually means.

 

[java]

Nothing a little education in every school couldn't prevent. Of course, greed finds greed and feeds off of it. Like the con artist justifies, I never conned a man that was not greedy.