Have you been contacted about an investment scam?
How to report a suspected investment scam and advice on how to avoid further scams.
Report a suspected investment scam
If you suspect you have been approached by somebody operating an investment scam, please report it to the FCA using our reporting form.
If you have lost money to an
If you have
lost money to a suspected investment fraud, you should report it to Action Fraud on 0300
123 2040 or online at www.actionfraud.police.co.uk
Beware of further scams
If you have lost money to a scam, fraudsters may try to take advantage
of the fact that you want to recover your money and might offer to help you get
some or all of it back.
You may be contacted by a new individual or group, as it is likely your
name and details appear on a list their group and others are using to target
You may be:
- Reassured that your original investment is genuine and encouraged
not to pull out of the deal.
- Threatened with legal action if you stop sending money, or if you
ask for your money back.
- Told you can swap your investment for another deal, with a transfer
fee involved, or asked to pay a capital gains tax bill before the large
profit you were promised can be released to you, even if it does not exist.
- Asked for your bank account details so they can pay the recovered
money into it - instead of getting your money back, the fraudsters may try
to empty your bank account.
- Targeted for a ‘recovery fraud’ where fraudsters offer to sell the
worthless commodity or trace the lost monies for an upfront fee, but you
will receive nothing for your payment.
Even when scams undertaken by corporate entities are
identified, investigated and wound up in the public interest, fraudsters still
see opportunities. For example, they may try to impersonate the liquidators or
say they represent the liquidators and seek upfront payment from you to either
sell or release and return your investment to you.
Protect yourself from further scams
- Break off all contact with the firm or
individual you suspect has scammed you.
- Do not part with any money to any individual
or firm who claim they can help you recover your investment in return for an
- If you have lost money from a company in
liquidation and are approached to pay a fee or a tax to release your ‘found’
investment always revert back to the Liquidator. The real Liquidator’s details
can be found through Companies House.