Investment fraud involving wine or diamonds, identity theft, banking data theft: financial fraud has increased in recent years, causing reported losses of 29,500 euros per victim. The amount should be taken with caution from then on “feelings of shame can encourage savers not to disclose or minimize the amount lost”underlines the director of relations with savers and their protection of the Financial Markets Authority (AMF), France Mayer. Another thing the victims, whose profiles have been the subject of three major studies since 2023, have in common: they were mostly young men attracted to risk.
An overconfident man
Among the 32 French people out of 1,000 who said they had been defrauded by the AMF in 2024, 68% were men. However, they represent less than half of the population (48%) and only 52% of fraudsters’ targets. Why are there too many men among those who give their money or information to fraudsters? “They seem more receptive to incentives to invest in get-rich-quick investments”M’s noteI Mayer.
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