The most common scam types in Lithuania for private customers

Investment fraud

Fraudsters pretend to be employees of financial brokerage companies or banks and offer extremely profitable investments in stocks, bonds, cryptocurrencies or elsewhere. They ask you to install software (like Anydesk, etc.) to invest, or simply ask you to transfer money to scam accounts. Scammers often create websites where the victim can watch "growing profits" as the supposed success encourages them to invest more and more.

So far, all cases of investment fraud follow a scheme where the customer receives a phone call with the "best offer of the age" to invest and profit. The proposer usually speaks only Russian, although recently Lithuanian is also spoken more and more often. The phone numbers that are called are either randomly selected or taken from an illegally obtained database. Elderly people are often the victims of these scams, and quite often there are cases where customers take out quick loans and even want to take out a bank loan to take advantage of this opportunity to earn money.

It is also possible to single out entities that do not have the right to engage in financial and investment activities, as well as entities that provide illegal financial services. More information about entities that do not have the right to provide financial (including investment) services in Lithuania, as well as information about websites offering illegal financial services , can be found on the website of the Bank of Lithuania. It is also one of the tools that will allow you to identify unauthorized activities that can cause you harm. 

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