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Fraudsters' Fake Products 'May Lead to Real Harm'

You have come across so much about people using slimming jabs to lose weight, you feel it is time to try them out in the run-up to the holiday period. However, the issue lies in cost.

Yet it appears there are other options instead of getting a prescription and visiting the chemist. An SMS comes through providing a URL to a site with much cheaper medication – and with no need to navigate official channels. And you saw a comparable advertisement on social media the other day, so you decide to take the plunge.

The catch is these ads are almost certainly fraudulent schemes. At best, you'll receive nothing and lose any funds you paid. In the worst, you receive a fake version, with unknown ingredients which may result in serious medical issues.

The popularity of legitimate weight loss medications has resulted in a increase in counterfeit products hitting the market and scams established to merely steal consumers' cash.

Medical regulators have warned against buying such unlawful weight loss medicines absent a doctor's order from aesthetic clinics, bogus online chemists or through digital platforms, stating they could contain “harmful substances and additional components that could cause real harm”.

New figures from a major retail bank show a significant surge in the number of clients who have been affected by the scam. The bank says, the total sum stolen through scams involving weight loss injections, pens, tablets and fat-dissolving products during the third quarter this year, was over twice the overall amount lost in the previous three months. Each incident typically sets back sufferers £120, it says.

“Scammers are actively exploiting people’s insecurities and medical worries, with these scams soaring in the past few months,” says a financial institution's fraud prevention lead.

What it looks like

The majority take place on communication platforms and social media. On socials, a profile may mimic the company that you are looking for, but there will typically be slight variations in text or logos.

These communications or posts will often use urgency-laden phrases such as “limited-time offer”, “special promotion” or “free giveaway”.

As the price of some legitimate slimming injections, has increased recently, the fraudsters will price their “item” lower.

“Buying from unapproved vendors online can come at a significant financial, medical and emotional cost,” warns the fraud expert.

What to do

Like any deceptive scheme, the old adage holds true: if it appears overly advantageous, then it probably is.

Medical authorities have cautioned people to be highly vigilant when buying medicines online. These products must only be obtained from a licensed chemist using a prescription provided by a healthcare professional, it says. When procured from other sources, they may pose serious risks to wellbeing.

Fraudsters can expend considerable effort to make their site or social media page appear completely genuine. Should they state to be an online pharmacy located within the UK, it's possible to verify the online portal of the pharmaceutical regulatory body to confirm they are properly registered.

LG
The writer

Lee Green

Emily Carter is a finance writer and certified financial planner with over a decade of experience in helping individuals achieve financial independence.

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