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September 2017

Action Fraud warns horse racing community as investment fraud increases

21st September 2017

Action Fraud is warning horse racing enthusiasts following reports of investment fraud cases in the equestrian community.

Action Fraud has received 20 complaints of investment fraud relating to horse racing since June with a total loss of £11,350. The suspects claim to use software for placing horse racing bets on the victim’s behalf. However, once payment has been made to the fraudsters, often methods to contact them are closed down and the victim does not hear from the fraudsters again.