Gardaí warn that investment scams are 'wiping out' people's savings

Gardaí say 40% of the victims of investment fraud are female — and an increasing number of people in their 30s and 40s are also affected.

Most people who are duped into investment scams are losing their life savings, according to a new Garda awareness campaign.

In one recent case, a retired professional living in the Midlands lost his entire pension and savings, worth nearly €250,000 in total.