Great America Times

Glass Industry Warns of £500m Investment Halt as UK Packaging Levy Drives Up Costs

Investigation Launched After Man Dies Following Shoplifting Incident in Dublin City Centre

Used Electric Car Sales Hit Record High as UK Drivers Respond to Fuel Costs and Market Shift

TG Jones High Street Chain Faces Financial Collapse Amid Rising Debt and Store Closure Threats

Russia Marks Victory Day With Restricted Parade Amid Ongoing Ukraine War

Schumer Calls for Trump to Ban Prediction Market Trading Across Government After Senate Crackdown

Trump Compares Navy to “Pirates” as US-Iran Maritime Blockade Tightens and Oil Prices Surge

Gunfire Near WHCA Dinner Forces Trump and Officials to Evacuate in Washington

Trump Extends Iran Cease-Fire as Talks Remain Uncertain

Virginia Redistricting Vote Reshapes Midterm Landscape

Samsung Chip Engineers Secure £300,000-A-Year Bonuses as AI Boom Reshapes Global Memory Market

Fraudsters are increasingly using AI-generated images and videos to trick people into handing over sensitive personal and financial information, according to FraudSMART, the financial crime awareness initiative operated by the Banking and Payments Federation Ireland (BPFI). The organisation has reported a rise in online adverts promoting fake, State-backed investment schemes. These scams often use fabricated images of well-known politicians and business figures to make the offers appear legitimate and encourage users to click on registration links. Niamh Davenport, head of financial crime at BPFI, said scammers are deliberately exploiting recent media coverage of a planned State-backed savings and investment scheme to give their frauds a sense of credibility. “They often claim the scheme is open to everyone, but that places are limited and being ‘snapped up’ fast, in order to pressure people to act quickly,” she said. “They typically promise guaranteed returns or a guaranteed monthly income.” FraudSMART said that while anyone can be targeted, people in their early 50s are particularly vulnerable to investment scams. This age group is often focused on retirement planning, making them more receptive to financial offers that appear secure or high-yield. According to the organisation, most scams follow a similar pattern. Victims are first directed to click a registration link and complete a short online form providing their contact details. They are then contacted by someone posing as a financial adviser, who urges them to make an immediate “security deposit” to secure participation in the scheme. Once a payment is made, the money is quickly moved through multiple accounts, often overseas, making recovery extremely difficult. Davenport warned that scammers are becoming more sophisticated in their use of technology, particularly AI tools that allow them to create realistic but entirely fake promotional content. These materials are designed to mimic legitimate financial advertisements and build trust with potential victims. Recent figures from An Garda Síochána show investment fraud rose by 20% last year, with losses exceeding €20 million. The scale of individual scams varies widely, ranging from smaller crypto-related frauds involving a few hundred euro to large-scale investment schemes where victims lose tens of thousands. FraudSMART is urging the public to remain cautious when encountering online investment advertisements, especially those promising guaranteed returns or requiring urgent action. It also advises consumers to avoid sharing personal information with unverified sources and to be wary of pressure tactics designed to rush financial decisions. Authorities continue to warn that fraudsters are adapting quickly, using advanced digital tools to target victims across multiple platforms.

Oil Prices Drop 6% as US–Iran Peace Optimism Lifts Market Sentiment

Why Ireland Tops EU Electricity Prices as Energy Costs Remain Under Pressure

SpaceX Starship Completes Ocean Splashdown in Key Test Flight Amid IPO Anticipation

Munster Hurling Championship Opens With High-Stakes Double Header as Rivalries Reignite

McNulty Inspires Leitrim Comeback Against London in Allianz Football League

Aryna Sabalenka Wins First Title Since Australian Open, Defeats Jessica Pegula at Cincinnati

Jannik Sinner Cleared of Wrongdoing Over Two Failed Anti-Doping Tests

UK Sport’s Katherine Grainger: ‘There’s No Reacting to Results … It’s a Far Healthier Conversation Than That’