This article concerns investment fraud.
It's a great read but what caught my eye was the statistic that "only 63 per cent of people said that they would report a suspected investment scam."
To give this some context, some 84% said they would report someone spilling liquids in a supermarket.
Why is the stat on fraud reporting so low?
The most common answer is that most people simply do not know where to report fraud. When you consider that of those frauds that are in fact reported only a tiny fraction are investigated you can see that, at this moment in time, a vanishingly small number of frauds are ever resolved.
The fraudsters are winning. Most people know this. However, it does not have to be this way.
If we are to beat the fraudsters we all need to arm ourselves with the knowledge that there are solutions out there. That will be a good start.
According to a survey carried out by the FCA, only 63 per cent of people said that they would report a suspected investment scam. That compares to 81 per cent who said that they would report fly tipping, while 84 per cent said that they would report people that spilled liquids in supermarkets.