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 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. UK banks reported almost 15,000 investment scams in 2025 as criminals use artificial intelligence to dupe people out of their money. Continue reading...

This story was reported by Business | The Guardian. EUROPES curates Europe's most relevant coverage — read the full report at the original source.

Read full coverage at Business | The Guardian →

Investment fraud in UK soared to more than £220m lost last year, trade body says

More from Economy & Money

Qatar says Iran fully responsible after tankers struck in strait of Hormuz

Remember water power in the renewables mix | Brief letters

Morocco multiplies its olive oil sales in Spain by 100: is it flooding the market?

Hundreds of jobs at risk as John Lewis announces closure of in-store services

M&S invests in fridges that can cope with weather as hot as 45C

Curry, bagels … and AI? Londoners fight plan for huge datacentre in Brick Lane