Limited companies giving investment advice via deepfake videos or a 'friend' who asks you online to join an investment scheme and promises extremely high returns: these are just a few examples of how investment fraudsters are trying to deceive you these days. In the first half of this year, fraudsters already swindled unsuspecting Belgians out of 15 million euros through fake online investments. This is according to the latest figures from the FSMA . Compatriots who fell victim to online investment fraud lost an average of around 37,777 euros each this year.
People over 50 and men are most often the victims of online investment fraud. Two out of three (65.9%) victims are men. Two out of three are also over 50. The technique that fraudsters have used to make the most money this year is fake online trading platforms. On such platforms, individuals appear to be able to trade shares, bonds, ETFs, options or cryptocurrencies themselves, but in reality they are only transferring money to the fraudsters' accounts. The second most common form of online investment fraud is fraud via recovery rooms, where scammers offer to 'help' you recover lost money.
To prevent more Belgians from falling victim to such fraud, the FSMA is stepping up its actions. In the first half of the year, it warned about 138 fraudulent websites and asked the judicial authorities to block them. In May, the FSMA also joined the Belgian Anti Phishing Shield (BAPS), an initiative of the CCB. As a result, anyone who visits a fraudulent website is redirected to a web page with a warning. This new approach has been very successful: since 15 May, the FSMA has entered 121 domain names of fraudulent websites; as a result, 11,590 unique IP addresses ended up on the FSMA warning page instead of on a fraudulent website.
The CCB's new awareness campaign is an additional initiative to raise awareness among Belgians about this type of fraud.