2023 saw a doubling of investment fraud reports in Ireland, with €25.36m stolen, as criminals exploit the cost-of-living crisis.
Ireland saw a significant surge in investment fraud last year, with €25.36 million stolen from victims, nearly equal to the combined amount stolen in 2021 and 2022. Over 55 people reported investment fraud in the first two months of this year, double the number of reports in January and February last year. Authorities warn that criminals are exploiting the cost-of-living crisis by cloning web pages and targeting victims through online and social media ads, promising "once-in-a-lifetime opportunities" for instant investments with large financial returns.
April 04, 2024
28 Articles