Timeshares boomed in popularity during the 1980s when many British people took advantage of this opportunity to buy shares in holiday apartments in coastal resorts across countries like Spain and Portugal. The Timeshare deal is that the owner pays a one-off lump sum in return for the right to use the holiday apartment for a […]
While traditionally investment scams have taken place over the phone, via email, or in person, these days, social media is prime territory for fraudsters looking to con people out of their money. In fact, in the United States, social media scams were responsible for the loss of around $117 million in the first six months […]
Pension scams are on the rise with fraudsters taking advantage of the financial instability caused by the COVID-19 pandemic to encourage people to part with their money, promising great rewards in return. This is particularly tempting for people facing any financial difficulty. What’s more, scammers are increasingly skilled at convincing victims, appearing financially knowledgeable and […]
The storage pod scheme is, on the surface, simple. You purchase storage containers or pods. These are then rented out to people who use them to store their belongings. The money received from rentals makes up the returns on your investment. Later on, you can sell your storage pod for a profit. It all seems […]
Airport Parking Investment Scams: Be Wary of Cold Callers
Over the last few years, there has been a rise in schemes offering investment opportunities in parking spaces close to British airports. Scammers have been contacting people—usually in their mid-50s and close to retirement—promoting parking spaces as a pension investment. Investigations into these schemes have proven that the majority are scams. For example, the case […]
It’s not just inexperienced investors who get scammed. Even the financially savvy get tricked from time to time. Scammers are becoming increasingly skilled at conning people while digital technology makes scams even harder to spot. Investment scams are any fake schemes that get people to hand over money in return for the chance to make […]