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Fraudsters' Fake Products 'May Lead to Real Harm'

You've come across so much about people using weight loss injections to get slim, it feels like the moment has come to try them out in the run-up to the holiday period. The problem is cost.

Yet it appears alternatives exist instead of getting a prescription and visiting the pharmacy. A text message arrives providing a URL to a site with much cheaper drugs – and requiring no need to navigate proper procedures. You also noticed a similar ad on online platforms recently, so you decide to take the plunge.

The catch is these ads are highly likely to be scams. In the best-case scenario, you will be sent no product and lose whatever money you paid. At worst, you obtain a fake version, containing unspecified components that could lead to severe health problems.

The popularity of authentic weight loss medications has resulted in a increase in fake goods hitting the market and scams set up to simply take consumers' cash.

Health authorities have warned against purchasing such unlawful slimming medications without a prescription from aesthetic clinics, fake pharmacy websites or via digital platforms, stating they might include “toxins and other ingredients that could cause genuine injury”.

New figures from a major retail bank reveal a significant surge in the number of customers who have been impacted by the scam. According to the bank, the amount of money stolen through scams related to slimming jabs, injector pens, pills and fat-dissolving products during the third quarter , was more than double the total sum stolen in the previous three months. The average scam sets back sufferers £120, it says.

“Fraudsters are deliberately targeting individuals' self-doubts and health concerns, with these scams soaring in the past few months,” notes a financial institution's fraud prevention lead.

What it looks like

Most take place on messaging apps and social media. Across platforms, a profile may imitate the brand that you are looking for, but you'll often notice slight variations in spelling or brand marks.

These communications or updates will frequently use pressure-inducing language such as “time-sensitive deal”, “exclusive deal” or “free giveaway”.

With the cost of some legitimate slimming injections, rose recently, the fraudsters will price their “product” lower.

“Purchasing from unverified sellers on the internet can entail a serious monetary, health-related and emotional cost,” warns the security specialist.

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Like any deceptive scheme, the old adage holds true: should something seem overly advantageous, then it probably is.

Health regulators have cautioned people to be extremely cautious when buying medicines via the web. These products must only be obtained from a licensed chemist using a prescription provided by a healthcare professional, it says. If sourced elsewhere, they can present serious risks to wellbeing.

Criminals can go to great lengths to make their site or social media page appear completely genuine. Should they state to be an online pharmacy located within Great Britain, it's possible to verify the website of the medicines oversight organisation to confirm this is correctly licensed.

By

Tyler Dunn

A seasoned financial analyst with over 15 years of experience in global markets and portfolio management.

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