Sign in. It’s quick, free and it’s up to you.
An account is an optional way to support the work we do. Find out more.
GARDAÍ ARE URGING the public to be aware of investment fraud scams as incidents of the crime are on the rise.
Sgt John Horgan of Mallow Garda Station told C103′s Cork Today Show that between January 2020 and this month, “over €75 million was reported stolen in Ireland through investment fraud”.
Investment fraud occurs when people pose as investment managers online in order to get people to transfer money. After some time, contact with the fraudster ceases and the victims are left with sometimes life-changing financial losses.
Horgan described the sums of money being stolen through investment fraud as “staggering”.
In one case, a man was defrauded of more than €250,000 after he came across what appeared to be a trading broker online. At one point early on in the fraud, he presumed the company he was investing in was legitimate because he was able to withdraw €5000, so he kept committing more money.
“If it sounds too good to be true, it usually is,” said Sgt Horgan, who urged people to “think long and hard about investments” and to seek a second opinion.
To embed this post, copy the code below on your site
There’s also no such thing as a wallet inspector on Henry Street. Fool me once.
@Basildon Joe: I also got scammed through the Dublin portal. A gorgeous woman from Vilnius held up a QR code, so naturally I scanned it. Brought me to a telegram chat with her and I bought her an airline ticket. Waited for her at Dublin airport she wasn’t there. Brendan O’Brien was there though, I know it was him because it was lashing raining out and he was wearing wellies, shorts and suncream holding an oversized rainbow coloured umbrella.
@IzwvqAph: did you buy auld Bren a drink at the very least
@Mick O’K: He was a bit busy protesting about planes causing the world to heat up or something. Was a chilly day.
@IzwvqAph: don’t know who the hell Brennan is pal
@Basildon Joe: what about the people who though they were getting oasis tickets for 90 euro each but paid 500 when they got to the checkout
@Basildon Joe: He’s most likely the one who reported your comment.
They nearly have enough to build a bike shelter.
Unless it’s regulated by the Central Bank, avoid. No such thing as a quick buck.
Send me €10,000 I’ll tell you how to avoid being scammed.
@087 bed: cash or crypto?
@Mick O’K: card.
If you have money to invest, get your bank to do it, at least you’ll know your money’s safe!
Garda tech division on Windows 98 still. ‘Urging public to be careful’ the people falling for these are the reason there are ‘Do not eat’ tags on silica packs ffs
Am I racist? Got few times scam calls, said from revolt and amazon customer service and said I purchased amount of money… then I said yes, purchased curry powder for beef curry, then the scammer shouted I am racist and insulting me. Another time I said purchased a cow less €100 from India for beef curry … I was branded as a racist, so am I racist? Ps: their customer service is really rude and unprofessional
Where are these scammers based? Can there be international pressure put on these states to prosecute the perpetrators.
@Vincent Alexander: no
@Vincent Alexander: India, Russia, Nigeria, for the most part. But here too, and in every country.
@Vincent Alexander: It’s a booming industry in India, as well as numerous other countries!
Any chance the Gardai could warn us about the Govt abusing our Taxpayers money, the fraudulent activities going on in the Dail & RTE should be investigated by Gardai.
National children’s hospital?
EEj its.
I know someone who lost 2k on one of these investment scams. I feel sorry for anyone who loses money to scammers but at the same time people need to engage their brain.
A fool and his money soon part
I don’t like investment scams where they just lash into your old base self interest. Ponzi schemes or these 5000% return things.
I prefer the ones where they finesse it a bit, tell you a story about being princes or deposed presidents, needing one last injection of cash to cure all known diseases. At least then I… (I mean the mark) …can go away saying “I did it for altruistic reasons” and not feel as bad about myself, plus I got to be part of a whirlwind adventure.
@Miles Kennedy: Yeah lots of disgruntled Nigerian prince’s out there parting with a lot of money for a small fee of course.
These are more sophisticated than phishing emails and will often masquerade as legitimate firms.
You can check the register here (there’s also some info of trying to spot scams)
https://www.centralbank.ie/regulation/how-we-regulate/authorisation/unauthorised-firms
Sure that’s nothing in a world where a bike shed costs 330k.
Did they warn TDs after they were defrauded of over 300k for a “bike shed”?
Greed always wins when you let it, he should have been satisfied that he had 250.000 in his possession, there was never a millionaire who never had enough, and never a begger who wasn’t satisfied with what he got, the eternal problem with greed
Have the Guards got anything to say about the robbery of taxpayers money to built a bike shelter in the confines of Leinster House?
have your say