{"id":2345,"date":"2022-01-10T11:35:38","date_gmt":"2022-01-10T11:35:38","guid":{"rendered":"https:\/\/checkaco.com\/blog\/?p=2345"},"modified":"2022-01-10T14:01:13","modified_gmt":"2022-01-10T14:01:13","slug":"checkaco-news-crypto-currency-fraud-is-on-the-rise-and-its-mainly-the-young-who-lose-out-to-the-tune-of-20000-a-time","status":"publish","type":"post","link":"https:\/\/checkaco.com\/blog\/checkaco-news-crypto-currency-fraud-is-on-the-rise-and-its-mainly-the-young-who-lose-out-to-the-tune-of-20000-a-time\/","title":{"rendered":"CHECKACO NEWS: Crypto currency fraud is on the rise and it\u2019s mainly the young who lose out to the tune of \u00a320,000 a time"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"572\" src=\"https:\/\/checkaco.com\/blog\/wp-content\/uploads\/2022\/01\/Crypto-currency-fraud-Police-1024x572.jpg\" alt=\"\" class=\"wp-image-2349\" srcset=\"https:\/\/checkaco.com\/blog\/wp-content\/uploads\/2022\/01\/Crypto-currency-fraud-Police-1024x572.jpg 1024w, https:\/\/checkaco.com\/blog\/wp-content\/uploads\/2022\/01\/Crypto-currency-fraud-Police-300x168.jpg 300w, https:\/\/checkaco.com\/blog\/wp-content\/uploads\/2022\/01\/Crypto-currency-fraud-Police-768x429.jpg 768w, https:\/\/checkaco.com\/blog\/wp-content\/uploads\/2022\/01\/Crypto-currency-fraud-Police.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Image from Action Fraud<\/figcaption><\/figure>\n\n\n\n<p>Action Fraud \u2013 the UK\u2019s police unit dedicated to catching fraudsters \u2013 said that last year around \u00a3150 million was stolen by criminals from the general public. The crime fighting organisation said: \u201cSince the start of 2021, Action Fraud has received 7,118 reports of cryptocurrency fraud, with an average loss per victim of just over \u00a320,500. 18 to 25 year olds accounted for the highest percentage of reports (11 per cent) and over half (52 per cent) of victims were aged 18 to 45 years old.<\/p>\n\n\n\n<p> They said a common tactic was to put fake of celebrity endorsements online. A link to the article takes the potential victims to an investment site where they are encouraged to invest in crypto currencies with promises of huge returns. Most firms selling investments in cryptoassets are not authorised by the Financial Conduct Authorotiy (FCA) which means you have no protection when things go wrong. So always check the&nbsp;<a href=\"https:\/\/register.fca.org.uk\/\">FCA Register<\/a>&nbsp;to make sure you\u2019re dealing with an authorised firm and check the&nbsp;<a href=\"http:\/\/scamsmart.fca.org.uk\/warninglist\/\">FCA Warning List<\/a>&nbsp;of firms to avoid.<br><br> If you think you\u2019ve been a victim of an investment fraud, report it to Action Fraud online at&nbsp;<a href=\"https:\/\/www.actionfraud.police.uk\/\">www.actionfraud.police.uk<\/a>&nbsp;or by calling 0300 123 2040. For more information about investment fraud, visit&nbsp;<a href=\"https:\/\/www.fca.org.uk\/scamsmart\">www.fca.org.uk\/scamsmart<\/a>.&nbsp;<br><br><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"322\" height=\"104\" src=\"https:\/\/checkaco.com\/blog\/wp-content\/uploads\/2022\/01\/checkaco_logo-1.jpg\" alt=\"\" class=\"wp-image-2348\" srcset=\"https:\/\/checkaco.com\/blog\/wp-content\/uploads\/2022\/01\/checkaco_logo-1.jpg 322w, https:\/\/checkaco.com\/blog\/wp-content\/uploads\/2022\/01\/checkaco_logo-1-300x97.jpg 300w\" sizes=\"auto, (max-width: 322px) 100vw, 322px\" \/><\/figure>\n\n\n\n<p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFull\npeace of mind for <strong>\u00a36.50 per company<\/strong>\nchecked when you buy three reports for \u00a319.50.<br><br>\nQuickly view a company&#8217;s CCJ&#8217;s, legal ownership, credit history, credit score\nand more.<br><br>\nOr buy in bulk: <strong>10 reports for \u00a337.50 (\u00a33.75 each); 25 reports for \u00a388.75\n(\u00a33.55 each); or 100 reports for \u00a3335 (\u00a33.35 each)<\/strong><\/p>\n\n\n\n<p><strong>For details about Checkaco&nbsp;email info@checkaco.com or visit the website&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/checkaco.com\/\" target=\"_blank\">https:\/\/checkaco.com\/&nbsp;<\/a><\/strong><br><br><strong>Checkaco, The Exchange, Express Park, Bristol Road, Bridgwater, Somerset TA6 4RR UK<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Action Fraud \u2013 the UK\u2019s police unit dedicated to catching fraudsters \u2013 said that last year around \u00a3150 million was stolen by criminals from the general public. The crime fighting organisation said: \u201cSince the start of 2021, Action Fraud has received 7,118 reports of cryptocurrency fraud, with an average loss per victim of just over [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":2358,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[198],"tags":[289,224,292,291,284,287,290,275,201,195],"class_list":["post-2345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rogue-traders","tag-action-fraud","tag-checkaco","tag-con-men","tag-crypto-currency","tag-crypto-currency-scam","tag-fraud","tag-police","tag-rip-off","tag-scam","tag-scammer"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CHECKACO NEWS: Crypto currency fraud is on the rise and it\u2019s mainly the young who lose out to the tune of \u00a320,000 a time -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/checkaco.com\/blog\/checkaco-news-crypto-currency-fraud-is-on-the-rise-and-its-mainly-the-young-who-lose-out-to-the-tune-of-20000-a-time\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CHECKACO NEWS: Crypto currency fraud is on the rise and it\u2019s mainly the young who lose out to the tune of \u00a320,000 a time -\" \/>\n<meta property=\"og:description\" content=\"Action Fraud \u2013 the UK\u2019s police unit dedicated to catching fraudsters \u2013 said that last year around \u00a3150 million was stolen by criminals from the general public. The crime fighting organisation said: \u201cSince the start of 2021, Action Fraud has received 7,118 reports of cryptocurrency fraud, with an average loss per victim of just over [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/checkaco.com\/blog\/checkaco-news-crypto-currency-fraud-is-on-the-rise-and-its-mainly-the-young-who-lose-out-to-the-tune-of-20000-a-time\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-10T11:35:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-10T14:01:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/checkaco.com\/blog\/wp-content\/uploads\/2022\/01\/Crypto-currency-fraud-Police-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"670\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Harry Mottram\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" 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