He continued: “As ever it makes sense to invest with robust, trusted businesses who are registered with the FCA, and if you are approached out of the blue with an offer that sounds too good to be true, alarm bells should be ringing.”
Meanwhile, fraudsters are also targeting benefit claimants including those on Universal Credit and Personal Independence Payments (PIP).
Reports of email, text and face to face scams from fraudsters claiming to be from the Department for Work and Pensions have increased according to Action Fraud.
It says there has been a recent spate of these scams – most of them relating to Universal Credit.