OFFICERS are warning to make careful checks before considering any investment opportunities

North Yorkshire Police is issuing a stark warning to anyone considering investing in cryptocurrency, after incidents in the county have resulted in nearly £300,000 being lost to scammers.

Individuals claiming to be working for investment trading companies have offered to invest in bitcoin on the victim’s behalf, when in reality the money is stolen with little chance of it being returned.

Victims have been asked to download so-called trading software and remote access software which appears to show substantial financial gains from the investments. This is false and simply a way of gaining access to the victim’s computer and in some cases, their bank accounts too.

leads North Yorkshire Police’s Economic Crime Unit and has the following advice:

“These fraudsters have used high pressure sales techniques to try and convince their victims to invest quickly and without doing their research," said Detective Inspector Jon Hodgeon.

"They will nearly always insist on using remote access software to access and control the victim’s computer but you should never let anyone gain remote access or install software on your devices unless they are a member of IT staff in a corporate network – for example, your employer.

“The world of cryptocurrency investments is a complex and dangerous one to be part of unless you are highly experienced and skilled in knowing what you are doing.

"If you are considering investing in this area then I’d urge you to check the FCA Register of Authorised Crypto Asset Providers in the UK and also check their list of unauthorised companies.

“It’s also prudent to seek independent financial advice before making an sizeable investments as this is a prime area for scammers to target unsuspecting victims.”

If you’re considering an investment opportunity, never make a decision under pressure from a trader or seller, take your time and seek advice before going any further and never allow anyone to gain remote access to your computer.

For more information, visit https://www.fca.org.uk/scamsmart/warning-list.