Swindlers have persuaded Norwegians into buying gold and leaving it in the forest as part of a growing investment fraud, according to the country's banking lobby. Several bank clients have spent large sums to purchase gold and then left it out in nature, following promises that others will keep it safe while the value rises. Finans Norge warned this is one of three fraud methods banks are specifically warning against right now.
Last year, Norwegian lenders and their customers lost 962 million kroner ($100 million) from financial fraud, while banks prevented fraud attempts amounting to over 3.5 billion kroner.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing