Warning after fraudsters scam thousands frpm Borderers

Police in the Borders are urging the public to be vigilant after people in the region lost over £220,000 to scammers.

By Kirsty Smyth
Tuesday, 15th June 2021, 3:08 pm

Between May 26 and June 9, 2021, five Borders residents reported frauds – three of which were investment scams.

The scams involved fake online companies fraudulently claiming they will invest a person’s money.

Detective Sergeant Jamie Gilmore of Galashiels CID said: “Investment scams are the most profitable form of cybercrime affecting Scotland and a large number of these scams use cryptocurrencies.

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“I’m urging people to be vigilant when it comes to investment and always be wary of any offers which appear to be too good to be true. It’s just not worth the risk.”

Two of the scams police are investigating involved phone calls from fraudsters claiming to be from a reputable company and a bank.

They pressured the victims into providing bank details and passwords, as well as making bank transfers and payments.

DS Gilmore added: “I also want to urge people to take the time to verify the identity of anyone who calls out of the blue claiming you owe them money, or that there is a problem with your banking.

“Please do not feel pressured to act then and there. Hang up, find a legitimate number for the company in question and call back on your own terms to check the claims being made.”

For more advice, please visit Police Scotland’s website at www.scotland.police.uk/advice-and-information/scams-and-frauds