Investment scams involving gold, crypto, and wine have surged, with over £220m lost in the past year. UK banks reported nearly 15,000 such scams in 2025, fueled by AI's ability to create sophisticated, large-scale deceptions. Overall fraud losses reached £1.28bn.
Dubai Police, in 'Tri-Force Sentinel', dismantled 9 scam hubs and arrested 276 suspects, mostly from Southeast Asia, for high-yield investment scams, 'pig butchering' schemes, and virtual currency fraud, with international cooperation including the FBI and China's Ministry of Public Security.
Investment scams targeting Hong Kong's elderly rose 17% in Q1 2026 despite an overall decline in cases, with police warning that better-educated retirees with more investment experience are increasingly vulnerable. Elderly victims' losses contributed to an 18.6% rise in total scam losses to HK$1.85 billion, even as case numbers fell 0.6%. The 1,264 victims over 60 suffered HK$530 million in losses, a 79% year-on-year increase.
