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  1. ITV Report

Islanders lose thousands from investment rip-offs

Credit: Picture by Chris Radburn PA Wire/PA Images

Islanders in Jersey are being warned of the dangers of investment rip-offs.

Jersey Financial Services Commission has launched a campaign today to raise awareness of the issue.

They say people are losing hundreds of thousands of pounds, their homes and sometimes their marriages after investing money with fraudulent advisers or firms that go bust.

Some pensioners have also been 'groomed' by advisers who gain their trust and convince them they can't lose.

John Harris, Director General of the JFSC, told ITV News he urges islanders to be more vigilant when investing their money.