Security Centre

Investment scams

Don't let the money you want to invest fall into the wrong hands.

What are investment scams?

Investment scams are one of many ways criminals try and steal your money. They try to convince you to invest in a scheme, shares or commodities, which either don’t exist, or aren’t worth the money paid for them. 

These scams are becoming increasingly common and can take a variety of forms, so it's important you know how to spot them. Scammers will target anyone who responds to them and may build trusting relationships with their victims over a period of time.

Common investment scams

Whilst it's really important to be cautious of any approach asking you to invest, below are some of the more common scams we see. 


These tend to be advertised on social media - often using the images of celebrities or well-known individuals to promote them. The ads then link to professional-looking websites and customers are persuaded to make investments with the firm using cryptocurrencies or traditional currencies.

Clone Investments

Some fraudsters claim to represent well established firms who are authorised to provide investments. It's important you check the firm you're dealing with is on the Central Bank of Ireland Register, or a similar register in the country they're based. If they're not registered, you won't be protected if things go wrong and may lose your money.

Recovery fraud

This occurs when fraudsters contact a previous investment fraud victim and offer to recover their lost investment, usually in exchange for an advance fee. Therefore, If you've been a victim of investment fraud you should remain vigilant with future approaches offering investments as they will more than likely be a scam.

What to look out for 

    1) Unexpected contact from someone you don’t know, who seems to know a lot about you. This doesn't mean they're who they say they are.  If you're not sure - hang up!

    2) Time pressure - you may be promised a discount if you invest by a certain date, don't let this pressure you. Always think it through carefully and seek independent advice. 

    3) Pop up ads - offering investments with well-known banks and asking you to fill out a form. Always contact the provider directly.

How to protect yourself       

1) Seek reputable, independent financial advice before you commit to an investment. Never take advice from the company that contacted you directly. If you're still not sure, chat it through with someone you trust.

2) Before you hand over money ensure the firm you use is on the Central Bank of Ireland Register to make sure they’re authorised to provide investments. If they’re not on here, or a similar register in the country they are based, you won’t be protected if things go wrong.

3) Be cautious of all unexpected calls, emails and text messages. Don’t assume they’re genuine, even if the person seems to know a lot about you or your previous investments. 

Think you've fallen victim?         

If you think you've handed money or personal details over to a scammer, we're here to help. It's really important you contact us straight away.