|Kent residents targeted by Investment and Cryptoasset scams
We have received multiple complaints about this type of fraud. The criminals will make plausible claims about the investment.
❌ They will help you set up an online account
❌ They will ask for proof of i.d. and address
❌ They will show you how well your investment is doing
❌ They phone you to encourage you to invest more
🚨 It’s a scam.
The Financial Conduct Authority warns cryptoassets, like Bitcoin and Ether (also known as cryptocurrencies), are not regulated in the UK. They have previously issued consumer warnings on the risks of investing in cryptocurrency Contracts for Difference (CFDs) and Initial Coin Offerings.
Read more from Financial Conduct Authority.
Be wary of adverts online and on social media promising high returns on investments in cryptoasset or cryptoasset-related products. If you’re contacted unexpectedly by a financial business or individual, make sure you reply using the contact details on the FS Register.
For advice and to report contact Citizens Advice consumer helpline 0808 223 1133.