Investment fraud in UK soared to more than £220m lost last year, trade body says
Scams involving gold, cryptocurrencies and wine rise as criminals use AI to increasingly carry out larger-scale fraudIncreasingly elaborate investment scams involving gold, cryptocurrencies and wine have soared in the past year with more than £220m lost to the fraud, according to a report.UK banks reported almost 15,000 investment scams in 2025 as criminals use artificial intelligence to dupe people out of their money. Continue reading...
Investment fraud in UK soared to more than £220m lost last year, trade body says
Overview
Scams involving gold, cryptocurrencies and wine rise as criminals use AI to increasingly carry out larger-scale fraud
Increasingly elaborate investment scams involving gold, cryptocurrencies and wine have soared in the past year with more than £220m lost to the fraud, according to a report.
Details
UK banks reported almost 15,000 investment scams in 2025 as criminals use artificial intelligence to dupe people out of their money.
Continue reading...Source
Originally published at www.theguardian.com.
Related Articles
- Animoca Brands cofounder Yat Siu argues Asia will fuse AI and the blockchain before the West does
- Oil price falls to three-month low and markets rally after US-Iran peace deal – business live
- Meet Gwynne Shotwell, the engineer-turned-COO who runs SpaceX in platform heels and is now worth over $2 billion
