Thursday 14 July 2022

UK investment scams

Oh, what's this now?!

Hi Michael,

New research can today reveal UK investment scams are increasing on average 22.98% each year + the UK areas most affected. 

The study from BrokerChooser analysed ONS and FCA data for investment related scams and fraud to discover the state of the problem in the UK and which parts of the country are most affected.

Oh, Emily ... I'm not interested in this. Haven't you got anything about music? Or Cornwall? Come on!

'What's that, boss?'

What, Voice?

'All the stuff you just deleted.'

It was a table of the scams, but ... I copied and pasted it, and it came out in a mess that even Lucky would have too much pride to present to anyone.

'Oh.'

There's just a lot of scams.

In 2020, the total number of scam enquiries was 24,689 after a 55.04% increase from 2019’s figures, which is more than double the number of reports just 3 years prior. This huge increase in reports shows that scam enquiries have been growing at an exponential rate.

You see?

'Yeah.'

With 5,512 reports to the ScamSmart website in one year, cryptocurrencies received by far the most reports of any financial product, accounting for 25.33% of the year's total. This indicates that investing in cryptocurrency carries the additional risk of a high number of scammers, in addition to the risk of a volatile and often unpredictable market.

Okay.

The most common method of scammers to make contact with you in the UK is online accounting for 26.56% of incidents. There are many ways you can be scammed online, including websites for non-existent investment opportunities or clones of reputable trading websites that catch users out with their disguise.

All right.

'Anyone want to buy some Mikeycoin?'

Shut up, idiot!

With crypto the most common type of fraud in the UK, the experts at BrokerChooser included their tips for -

Okay, okay. We don't need tips. / Just use your common sense, reader(s).

Thanks, Emily.

ENDS

...

Anything else?

Other news? I've been reading about some cathedral that is putting a fence up to keep the homeless out.

I can just imagine Jesus: "Er, hang on a minute, guys ... you've got completely the wrong idea about Christianity. That's not the way it's done. And, uh ... why do you need a cathedral, anyway? It's just a building. I never had anything like that. And ... oh, I give up!"

Something like that, I imagine.

Never mind.

Never ever mind.

Uh.

When you think about it ... there's not much in society that isn't a scam. Do you know what I mean?

And that's why I say to everyone: Make friends with dolphins, fill your consciousness nesses with dolphins, and then after you die, if your luck's in ... maybe you'll be reincarnated as a dolphin, yes ... ... ... and hopefully on a better planet than this one, because this one is a toilet.

You dig?

That's the best advice I can give you, kooks or squares.

Bye.