Scamms are nothing new, and fraudsters with the backdrop of coronavirus (COVID-19) anxiety are using the concerns of investors to prise away your hard-earned money. If you are contacted out of the blue with a cold-call for example offering an investment that sounds too good to be true it could be a scam. Other warning signs that this could be fraudsters are time pressure, social proof, unrealistic returns, false authority, and flattery. If you get cold-called, the safest thing to do is to hang up. If you get unexpected offers by email or text, simply to ignore them. You could register with the Telephone Preference Service and Mailing Preference Service to reduce the number of letters and cold-calls you receive.
