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NEWS: Investment scams skyrocket, BOI data shows

By Alisha Houlihan for AMLi

There has been a dramatic increase in investment scams in the past six months with customers being cheated out of significant amounts of money, according to Bank of Ireland.

Data from the lender shows there was a 164% increase in investment scams over a six-month period, with losses ranging from €2K to €800K, The Irish Times reports.

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