Scam complaints rise sharply
The warning comes as the FMA responds to a rise in complaints about investment scams and fraud lodged with the regulator in the first half of this year – up 79% on the same period in 2020.
From January to June 2021, the FMA received 158 complaints about investment scams and fraud – up from the 88 complaints received during the same period in 2020, when the pandemic began and up 49% on the 106 complaints in the first half of 2019.
From January to June 2021, the FMA issued 36 public warnings about suspected scams and other non-compliant entities – up 29% on the 28 warnings issued during the same period in 2020, and up 80% the 20 issued in the first half of 2019.
The FMA has noted a rise in three new types of scams:
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