Investment scams are often conducted over the phone or online and increasingly via social media such as Facebook or Instagram.

Investment scams can result in people losing thousands of pounds for non-existent investment opportunities such as stocks & shares, wine or art investments, carbon trading or cryptocurrencies.

There has been a huge increase in cryptocurrency scams where the entities and persons coordinating the scams are all based abroad and there is no way to take enforcement action or recover any funds. We have also seen an increase in reports where people are engaged by scammers on dating sites and introduced to ‘investments scams’ during a ‘relationship’. Average losses are very high and in some cases people lose their whole life savings and pensions.

Please be very cautious in investing any money and take advice from a legitimate and trusted financial advisor prior to parting with any money. Often a little research online can result in finding out which are genuine investments and which are scams.

For further information about investment fraud please take a look at the Action Fraud website:
https://www.actionfraud.police.uk/a-z-of-fraud-category/financial-investment

Please remember to report to Action Fraud 0300 123 2040 https://www.actionfraud.police.uk/reporting-fraud-and-cyber-crime if you have actually been the victim of a scam or fraud.

Call Citizens Advice Consumer Helpline 0808 223 1133 or visit https://www.citizensadvice.org.uk/ to report a scam or if you require further advice in regards to scams or consumer matters.

We have been made aware of residents being approached in respect of Eco/Green insulation or solar panel installations claiming to be part of a government scheme supported by local authority.

Please do not sign up to any of these type of schemes following a cold call or leafleting. Whilst there are some schemes supported by the government the green energy sector has seen a large increase in scams which can result in you spending a lot of money on work and installations that will never benefit you and may be detrimental.

If you would like to find out if you are eligible for any type of grant funding for larger energy efficient measures such as insulation or new heating systems please contact Croydon Healthy Homes.

https://www.croydon.gov.uk/environment/sustainable-development/energy/croydon-healthy-homes

Croydon Healthy Homes  – Freephone number 0800 292 2529

Please leave a message including:
• your full name
• your full address, including postcode
• a daytime contact phone number
• or email healthyhomes@croydon.gov.uk

Please remember to report any scam to Action Fraud 0300 123 2040.
If you have actually been the victim of a trader or scam such as the above and need help, or you require consumer advice, please call the Citizens Advice Consumer Helpline 0808 223 1133

We have had reports that Croydon residents are being targeted by cold callers, sometimes called “Nottingham Knockers”, going from door to door selling goods.

We would encourage you NEVER to engage with a cold caller, NEVER to sign up for any work or services from your home, and NEVER to buy any products on your doorstep without taking time to seriously think about what you actually need and to research the trader in question.

Please do not open the door immediately but check who is outside first by looking out the window so you can decide if you want to open the door or not. Most will walk away if you are firm when you say ‘NO’.

If they come onto your property without permission, call the police on 999

ALWAYS get several quotes in writing before having any work done, ensure you have time to think about the quote and ensure the companies or traders are legitimate by finding traders using Approved Trader Schemes such as:

 

Trust Mark – www.trustmark.org.uk/find-a-tradesman
0333 555 1234

 

 

Buy With Confidence www.buywithconfidence.gov.uk 01392 383 430

 

 

 

 

Which? Trusted Traders https://www.trustedtraders.which.co.uk/
0117 405 4689

 

 

Other platforms and websites which offer trader services do not carry out the same levels of checks and some do not carry out any checks at all.

Call Citizens Advice Consumer Helpline 0808 223 1133 or visit https://www.citizensadvice.org.uk/ to report a scam or if you require further advice in regards to scams or consumer matters.

Please remember to report to Action Fraud 0300 123 2040 https://www.actionfraud.police.uk/reporting-fraud-and-cyber-crime if you have actually been the victim of a scam or fraud.

Criminals often impersonate legitimate organisations in an attempt to dupe their victims and leave them out of pocket. So it’s important to be extra cautious if you receive a text message or a call from a number you don’t know.

Scam calls often involve criminals purporting to be from HMRC, your bank or from a legitimate business such as well-known energy providers or phone network providers offering better deals or ‘upgrades’ to your account. Texts often involve parcel delivery scams from various couriers or Royal Mail, or even scammers pretending to be your friends and family!

How to report and where to report
Most major communication networks have signed up to the 7726 service, making it very easy to report scams texts/whatsapps or calls to your mobile.

7726 is a number that most mobile customers using UK networks can text to report unwanted SMS messages or phone calls on a mobile. The number ‘7726’ was chosen because it spells ‘SPAM’ on an alphanumeric phone keypad!

The following Ofcom web page has some useful information on scam calls and messages:
https://www.ofcom.org.uk/phones-telecoms-and-internet/advice-for-consumers/scams

The link below takes you to a ‘How to report’ page and takes you through a very quick guide on reporting numbers to 7726 on iPhone or Android. The videos are very short and easy to understand.
https://www.ofcom.org.uk/phones-telecoms-and-internet/advice-for-consumers/scams/7726-reporting-scam-texts-and-calls

To report a scam text you copy the content of the text and start a new message to 7726, paste in the content and send the message. The service will then reply to you asking for the number the message was sent from. You copy and paste the number or manually type it in and send it as a message.

To report a scam call number you just need to copy the number, put it into a text writing ‘Call’ before you put the number in and send it to 7726.

When you’ve done this, it alerts your mobile provider to investigate the number and potentially block it from the network, if it’s found to be a nuisance.

Please also remember to block the number on your handset!

See below an example of what it looks like on your phone when you report these texts or calls.

If you have actually engaged with a scammer over the phone and been defrauded or given out personal information as a result, please report this to the police on 101 or Action Fraud: Action Fraud 0300 123 2040 or visit https://www.actionfraud.police.uk/

If you have been scammed or duped into contracting with a business or a trader, please report to Citizens Advice Consumer Advice Line on 0808 223 1133 or go to the following website to report online:
https://www.citizensadvice.org.uk/consumer/get-more-help/if-you-need-more-help-about-a-consumer-issue/