Surge in UK savings lost to investment scams, with fake crypto thought to top the list

Banking industry data shows £629m was stolen in six months from fraud that included gold, wine and property The amount of money lost to investment scams by UK consumers has leapt 55% in a year as cryptocurrency fraudsters intensify their efforts to cheat people out of their savings, data shows.Official UK banking industry data shows that while the total amount stolen by fraudsters increased 3% to £629m in the first six months of this year compared with last year, investment scam losses surged, reaching £97.7m during the period – more than £500,000 a day. Continue reading...