Financial Services

More than €25m stolen through investment fraud last year

Gardaí said that the problem of investment fraud was particularly acute during periods of high cost of living

Gardaí on Friday said more than 965 people reported such incidents in the four years since January 2020. Picture: Getty

Criminals stole more than €25 million from unwitting members of the public through investment fraud last year, gardaí have warned.

The €25.36 million stolen from people in 2023 was equal to the total recorded in the previous two years combined with victims losing €14 million and €11.5 million in 2021 and 2022, respectively.

Investment fraud is where criminals pose as investment managers to fool someone into investing money in schemes and projects that do not ...