Data from the National Fraud Insurance Bureau (NFIB) exposed which regions lost the most money to pyramid scheme scams, and Lancashire was one of the worst.

Source: https://www.lancashiretelegraph.co.uk/news/23346635.lancashire-residents-lost-121k-pyramid-scheme-scams-2022/?ref=rss

“Overall, small business owners are expressing concerns for future business conditions,” said Bill Dunkelberg, NFIB Chief Economist.

Source: https://www.breitbart.com/economy/2023/06/13/inflation-is-top-worry-for-small-businesses-in-the-u-s/

The case is currently being investigated by the National Fraud Intelligence Bureau (NFIB) at the City of London Police, according to Pauline Smith, the head of Action Fraud.

Source: https://www.thescottishsun.co.uk/tech/10928651/brits-warned-facebook-fake-banking-app-scam-stay-protected/

The NFIB data also showed that the most likely medium for fraud takes place on social media platforms.

Source: https://www.somersetlive.co.uk/news/somerset-news/police-black-friday-cyber-monday-8922691