Partner Maria Theodoulou comments on criminals favouring investment scams over pension thefts.

 

Maria’s comments were published in The i paper, 17 August 2019.

“Targeting pensioners, particularly those in residential care homes, may once have been seen as easy pickings for fraudsters. However, it is no surprise that fraudsters are focusing on other investment scams and cryptocurrency fraud/theft, rather than stealing a pensioner’s savings.

“Fraudsters may well be aware that sentencing guidelines, effective from October 2014, make the deliberate targeting of victims based on their vulnerability, for example their age and financial circumstances, a serious aggravating feature that increases their level of culpability and the level of harm the fraud caused.

“Many fraudsters will realise that the excitement that surrounds bitcoins will cloud the better judgement of even the most savvy investor. This makes it easier for a fraudster to convince its victims to invest in a cryptocurrency, which arguably has no intrinsic value and which could quite possibly become the biggest Ponzi scheme of the 21st century.”

Stokoe news header - royal courts

30 Apr 2021

Richard Cannon comments in Law360 in relation to the recent Skat cum-ex judgment

READ MOREREAD MORE

Stokoe news header - Stokoe

13 Apr 2021

Specialist financial crime and extradition partner joins Stokoe Partnership Central London office

READ MOREREAD MORE

Related News

Stokoe news header - royal courts

30 Apr 2021

Richard Cannon comments in Law360 in relation to the recent Skat cum-ex judgment

Stokoe news header - Stokoe

13 Apr 2021

Specialist financial crime and extradition partner joins Stokoe Partnership Central London office

Stokoe news header - London

17 Mar 2021

Bambos Tsiattalou comments in Daily Express re the FCA proceedings against NatWest