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Understanding victims of financial crime

A qualitative study with people affected by investment fraud

Researchers: Jane Kerr
Published: October 2014

Aim

This research was commissioned to help the Financial Conduct Authority (FCA) understand how investment fraud is committed, and develop communication and education campaigns to help prevent people becoming victims of these crimes.

The research aims to understand different people’s experiences of financial crimes, including what leads to them becoming a victim of financial crime, how they responded and what impact the crime had on them.

Findings

The full research report has been published on the FCA's website here

Method

This qualitative study involved in-depth interviews with 31 people who had experience of investment fraud, including boiler room share fraud, land banking and frauds involving the sale of carbon credits, diamonds, wine, rare metals, gold and foreign exchange. Interviewees also included those who have been victims of recovery room fraud.