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Richer people more likely to fall prey to fraudsters

Scammers may target mid-career professionals with savings more often than pensioners

The richer you are the more likely you are to fall victim to financial scams.

That is the conclusion of a study which finds that people with assets of more than £2m are almost twice as likely to be defrauded as those with assets under £500,000.

Nearly half of people with assets of £250,000 and more said they had been scammed, in the poll carried out by Saltus, the wealth advisory company, which surveyed more than 1,000 individuals in the UK.

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