Scam Alert: Business owners in the north lost over £1.2 million in the last two months

Many businesses have lost money because of the investment scams, as police have revealed that businesses in the north have lost around £1.2 million from the scammers. In the month of March, businesses lost around £612,000, and in April, they lost around £690,000 to investment scammers.

The police informed the business about the scam, warned them about the situation, and explained the impact of scams on their livelihood. They made clear the types of scams and how to avoid their tactics, mostly highlighting the "too good to miss" scams.

Gerar Pollock

The Chair of the ScamwiseNI Partnership, Chief Superintendent Gerard Pollock, presented the statistics about the ruthless scammers and said most common scams start with small investments, and collectively they dupe people with thousands of pounds by means of emails, texts, and more. The common signs of a scam are as follows:

  • Too good to miss investments
  • Cryptocurrency investments scam
  • Small investment scams with many people

Superintendent Pollock said, "Due to the advances in technology, criminals can now access people's banking and personal data." "Anyone can be targeted by a scam, and criminals will constantly change how they present their scam to lure people in. We know, however, what all scammers aim to do is access personal and financial details."

"The end goal is to get your personal details, such as your name, address, date of birth and who you bank with for your loss and their gain. This can then be used to commit a more sophisticated scam where the losses can be substantial."

Five Important Rules to Prevent Small Investment Scams:

  • Never respond to an unknown number; never call or text them back.
  • Never click any random or suspicious links in text from strangers.
  • Never transfer funds to anyone you don’t know.
  • You should forward scam texts to 7726; it is a free scam text reporting service.
  • Delete messages asking for personal or financial details.

"At last Pollock added, "If you have been a victim of a scam, report it to police online at or call on 101, to your bank immediately, online at or call 0300 123 2040."

Recover Your Scammed Money Now

*All fields required
Get Expert Assistance