Investment scam losses hit £144mn in 2024
Investment scams saw a 34 per cent increase in losses in 2024 hitting £144.4mn, the first recorded rise since 2021. The UK Finance Annual Fraud report revealed £1.17bn was lost to fraudsters overall in 2024 with 3.31mn confirmed cases. Looking at investment scams specifically, cases fell by nearly a quarter in 2024 to 7,767, to