Over £23m Lost to Investment Fraud Across Thames Valley, Norfolk, South Wales

In 2024, Thames Valley Police reported 861 cases of investment fraud, resulting in losses exceeding £23 million, primarily impacting individuals aged 35-44. The total financial losses from investment fraud across the UK reached around £649 million, reflecting a 13% increase despite a 7% decrease in reported cases, suggesting that scams are becoming both fewer and larger. Cryptocurrency scams were particularly prevalent, accounting for 66% of all reports, with fraudsters often using social media to lure victims with promises of unrealistic returns. Thames Valley Police and Crime Commissioner Matthew Barber emphasized the devastating effects of such fraud, urging victims to report the incidents and seek help. He highlighted the growing sophistication of scammers, some employing AI to impersonate trusted individuals. Authorities continue to advise the public to exercise caution and conduct thorough research before making any investments.