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16 Jun 2021

Fraud has recently become the biggest area of organised crime within the UK. National statistics show that in 2019 there was over five billion pounds’ worth of fraud committed within London alone. It therefore does not come as a surprise that your local fraud solicitor has become increasingly busy. ABV Solicitors have specialist lawyers who are experienced in dealing with all types of fraud and will deal with your case in a professional and friendly manner.

What is financial investments fraud?

Financial investments fraud occurs where criminals contact people and convince them to invest in non-existent schemes and products. Once the victim has made payment, the criminals will stop all contact with them. The fraud is usually carried out from offices that are referred to as boiler rooms. Your fraud solicitor will be able to assist you and provide you with expert advice if you are a victim of financial investment fraud. Criminals often target the elderly and vulnerable people who live alone and can be easily manipulated. However as these criminals are becoming experts at committing financial investments fraud, they are able to target a wider range of people through their skill.

Protecting yourself from investments fraud

There are a number of ways in which you can protect yourself from becoming an investments fraud victim and you should speak to a fraud solicitor if you require further advice and they will be able to guide you on the steps that you can take to prevent yourself falling victim to financial investments fraud. If you are approached with an investment opportunity it is important to remember that you do not need to make any decisions on the spot and legitimate companies and investment opportunities will not pressure you to do so. Make sure that you seek advice both from friends and family and also get independent professional advice before deciding to make the investment. It is also best to check that the company is regulated by the Financial Conduct Authority by checking the FCA register. These are the key steps that you can take to protect yourself.

What if you have been a victim of investment fraud?

If you are unfortunate and have sadly fallen foul of investment fraud then rest assured that there is help and support out there for you. It is essential that you contact the police immediately and provide them with all relevant information relating to the fraud. The more details you can provide to them the greater the chance of catching these criminals and putting an end to their crimes. It is important to understand that you are at a higher risk of being scammed again in a secondary form. Often the same criminals will contact you again through a different organisation and offer to recover all your losses. Should this happen ensure that you immediately hang up the phone. It is also important that you seek legal advice urgently, as there are many ways in which your solicitor will be able to assist you and provide professional, expert and friendly advice on the next steps.