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ARTICLE · 13 JUNE 2023

Online Trading Scam

Boccadutri International Law Firm
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Online trading scams are so widespread that they have attracted the attention of law enforcement agencies and legislators worldwide.

ItalyTechnology
Calogero Boccadutri
Calogero Boccadutri
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Online trading scams are so widespread that they have attracted the attention of law enforcement agencies and legislators worldwide.

In Italy, official estimates from the Postal Police indicate that €93 million was stolen through online trading scams in 2022 alone. This phenomenon has been on the rise even after the quarantine period imposed by the Covid pandemic, which somewhat justified the rush towards alternative activities.

While scammers had pulled off scams totaling €46 million in 2021, the figure has doubled in just one year, indicating a bleak future.

Scammers manage to gain the trust of potential victims by promising lucrative investments in a short period of time.

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