In 2024 £3,521,800 was lost in the region of Humberside to investment fraud with individuals across the region falling victim to the ruthless tactics of fraudsters. Criminals often approach unsuspecting victims out of the blue, using convincing tactics to persuade them to invest in schemes or products that turn out to be worthless, or don't exist at all.

Fraudsters commonly claim to offer opportunities in areas like foreign exchange, gold, cryptocurrency, and even overseas time-shares. They promise returns that sound too good to be true, and sadly, they often are.

While those aged 35-44 are most frequently targeted, data has shown that individuals aged 55-64 often face the greatest financial losses. Cryptocurrency fraud remains the most reported type of scam, with scammers adapting their approaches to exploit this growing market.

The financial and emotional impact of investment fraud can be devastating. Staying alert and cautious is key. If an investment opportunity seems too good to be true, it probably is. Trust your instincts and always verify the legitimacy of any offers.

Inspector Mark Hawley, from Humberside Police’s Economic Crime Unit, said: “Tackling investment fraud remains a top priority for us, as it continues to impact countless individuals across the region.

''Fraudsters are often highly skilled and persuasive, presenting convincing opportunities that promise quick and significant returns. However, the reality is that the world of investments is complex, if it seems too good to be true, it probably is.

''Whether you’re considering investing £200 or £200,000, my advice remains the same: conduct thorough, independent research, ensure the company is registered with the Financial Conduct Authority (FCA), and never rely on financial advice from social media or unsolicited contacts.

''Social media platforms such as WhatsApp, Facebook, and Instagram are often used by scammers to target victims. These criminals frequently pose as investors or traders, making enticing promises of high returns. It’s crucial to stay vigilant and avoid engaging with unexpected messages from unknown individuals.’’

How to spot and avoid Investment Fraud

Practical steps to protect yourself

Inspector Mark Hawley continues: ''Fraud is a serious crime, and with the continued support of the public, we can stop fraudsters in their tracks. If you’ve been affected by fraud, or if you have any concerns, don’t hesitate to reach out. Every report is treated with seriousness, and by reporting, you help us take action and protect others from falling victim.”

You can visit your nearest police station, contact us on our non-emergency 101 line, or report online through Report fraud, bribery, or corruption, or Action Fraud.

To report anonymously, you can contact the independent charity Crimestoppers by calling 0800 555 111.

If you or someone else is in immediate danger, always dial 999.