Norfolk Trading Standards recently issued warnings to consumers in the area regarding the risk of schemes designed to part them from their hard-earned savings.
Active investment scams were listed among a range of other threats aimed at consumers including cold calls in person and by phone regarding harmful chemicals, and threatening email communications by senders impersonating the UK’s National Crime Agency.
Areas targeted with a wide array of scams include parts of Norwich like Eaton and Newmarket Road, but also other locations around Norfolk such as Wymondham, Ditchingham, Poringland and the civil parish of Brooke.
Regarding investment scams, the alert from Norfolk Trading Standards commented that it had received reports of individuals falling victim to schemes online. The scams often involved people losing what amounted to several thousand pounds at a time.
The local consumer champion advised people to fully understand any investments they planned to make before transferring any funds. It highlighted cryptocurrency scams, and warned that digital assets exist only online and that they are not controlled by banks. Consumers should always check that any cryptocurrency exchange they use is registered with the Financial Conduct Authority (FCA) to ensure that they have a measure of financial protection.
Britons seeking to avoid becoming victims of crypto and other investment scams can take financial advice in Shropshire, Norfolk and other parts of the country. While wealth managers provide protective policies for a full selection of different circumstances, they can also be counted on for an independent eye over potential investments to ensure they are not scams.
