Adam Rickitt on investment scams

Get rich quick investment scams targeting cash-strapped people in the UK are on the rise, as new data reveals the average amount of money lost per victim of investment fraud has more than doubled in a year to £13,892.

With the unrelenting strain of the cost-of-living crisis continuing to squeeze household finances, a quarter (24%) of people indicate that they would be willing to take more risks with their finances in order to make money. Those aged between 34-44 saw the biggest increase in scams, rising by 46%.

Research by Nationwide Building Society indicates a hotspot for scams in the South-East, with Kent (6%), London (6%) and Essex (5%) regions all ranking the highest for scams in their data, closely followed by the West Midlands (5%), Middlesex (4%), Lancashire (4%) and Hampshire (3%).

Aston spoke to actor & singer Adam Rickitt and Jim Foster, director of economic crime at Nationwide Building Society.

Photo by Colin Watts on Unsplash