Man Arrested And Charged In Kerry In Relation To Suspected Investment Fraud

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Gardaí in Kerry have arrested and charged a man in relation to suspected investment fraud resulting in the loss of approximately €125,000.

In 2018, Gardaí in Tralee received a report from three individuals who believed they were subject to investment fraud between 2010 and 2012.

Each person had seen an article in a newspaper which offered an overseas investment opportunity with a “guaranteed return within 24 months”. However, no money was ever returned to the would-be investors.

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An investigation was carried out by Gardaí in Tralee and a man, aged in his 50s, was arrested this morning, March 15.

He was detained at Tralee Garda and has since been charged. He is due to appear before Tralee District Court on March 24, 2021 at 10.30am.

An Garda Síochána is asking the public to be aware of the rise in investment fraud scams. They say such scams are becoming more prevalent, particularly during the pandemic due to increased online traffic and targeting of the general public by criminals using ever increasingly sophisticated means.

One Comment

  1. Matty O'Leary says:

    If it seems too good to be true, it probably is TOO GOOD TO BE TRUE. In other words, it probably is FALSE. if you observe a fact or situation that seems unlikely, then the likely explanation for you observing it is that there is something wrong with the fact or situation.

    This type of fraud takes advantage of the persons own sense of opportunistic greed.

    There are no innocents involved, but victims never the less.