Social media investment scams on the rise, warns Barclays

An increasing number of people are falling victim to investment scams, which according to Barclays has gone up by 23% year on year. 

But this isn’t the first time investors have been caught up in a battle against scammers. Just recently, the Pensions Management Institute found that investment scammers stole over £2.6billion from nearly 100,000 customers between 2020 and 2023, with roughly £13million lost each week.