aceInvestment fraud in UK soared to more than £220m lost last year, trade body says
Increasingly elaborate investment scams involving gold, cryptocurrencies and wine have soared in the past year with more than £220m lost to the fraud, according to a report. UK banks reported almost 15,000 investment scams in 2025 as criminals use artificial intelligence to dupe people out of their money. About £221.5m was lost to scams in which people were persuaded to move their money to a fake investment or a fictitious fund, a rise of 40% from the year before, according to the report from UK Finance. This parti
Criminals using artificial intelligence to run investment scams persuaded UK victims to move money into fake funds, causing about £221.5m in losses in 2025
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- JournalismThe Guardian2026-06-15
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Truvace Impact Record TRV-2026-0084, v4: “Investment fraud in UK soared to more than £220m lost last year, trade body says.” Truvace, 2026-07-13. /record/TRV-2026-0084 (accessed at citation time). sha256 60bfad7e432183c0…
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