Mark Kenkre explores how fraudulent investment schemes have proliferated, and how social media companies may be profiting from them.
The use of social media in luring people into investment scams has exploded, partly due to an overall increase in fraud.
The Victims Commissioner, Dame Vera Baird, argues fraud has now reached “epidemic proportions.
“The scale of its recent growth is truly staggering ... Fraud has become the volume crime of our times – an epidemic within a pandemic. It is the biggest crime in England and Wales by a whopping margin, accounting for as much as 39 per cent of all crime in the year ending March 2021. That’s nearly two in every five crimes.”&n...