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Fraudsters target younger victims with fake crypto ads
Fraudsters are targeting younger investors as victims lose £8,585 on average to investment scams.
Public warned over investment scams using fake celebrity endorsements
Spoof articles contain investment “endorsements” from the likes of Ed Sheeran, Richard Branson and The Money Expert’s Martin Lewis.
More Scam Artists Targeting Post 50s: Watch Out For These Red Flags
Scam artists are targeting older Americans more than ever. Over the last decade, both complaints and financial losses among baby boomers have skyrocketed, and the trend is expected to accelerate as they age, according to a recent report by the Center for Retirement Research at Boston College. The Federal Trade Commission (FTC) received more than 1.5 million complaints about financial and other fraud -– up 62 percent in just three years, the report noted.
