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Case Studies

Storage scam warning

The National Fraud Intelligence Bureau (NFIB) warn of a trend in consumers being targeted for investment opportunities in physical storage space. A new commodity is being offered as an investment to the public; storage space. The method used by fraudsters is very similar to that of a boiler room scam.

Common features include the public being:

Cold called by forceful sales personnel offering an opportunity to invest in storage space.
Promised a high return on their investment for a worthless or non-existent investment.

You should be aware of the following:

Callers often offer further investment opportunities which they also claim reap high returns.
Additional investment opportunities typically (although not exclusively) relate to carbon credits, gold, wine, rare earth metals and nanotechnology.
Post investment the consumer will often find it difficult to contact the investment company to discuss their investment or reap any financial returns.
Some consumers may receive initial dividend payouts but in the long term the investment may result in substantial financial loss.

To report a fraud and receive a police crime reference number, call Action Fraud on 0300 123 2040. Visit http://www.actionfraud.police.uk

You can report a fraud using the Action Fraud website – http://www.actionfraud.police.uk/report-a-fraud-including-online-crime-questions


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