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Fraudsters' Counterfeit Products 'Could Cause Serious Damage'

You have heard and read a great deal about people using weight loss injections to lose weight, it feels like the moment has come to give it a go in the run-up to the festive season. However, the issue lies in expense.

Yet it appears there are other options rather than obtaining a doctor's script and visiting the chemist. An SMS comes through giving a link to a website with more affordable medication – and with no need to go through proper procedures. And you saw a comparable advertisement on online platforms recently, prompting you to go for it.

The catch is such promotions are almost certainly fraudulent schemes. In the best-case scenario, you will be sent no product and lose any funds you spent. In the worst, you receive a fake version, with unknown ingredients that could lead to severe health problems.

The popularity of legitimate slimming drugs has resulted in a increase in fake goods hitting the market and scams established to simply take consumers' cash.

Health authorities have warned against buying such unlawful slimming medications without a prescription from beauty salons, fake pharmacy websites or through social media, stating they could contain “toxins and other ingredients that could cause real harm”.

New figures from a major retail bank reveal a significant surge in the quantity of clients who have been impacted by the fraud. According to the bank, the total sum stolen through fraudulent activities related to slimming jabs, injector pens, tablets and fat-dissolving products during the third quarter , was more than double the total sum stolen in the previous three months. The average scam costs victims £120, it says.

“Scammers are actively exploiting people’s insecurities and health concerns, with such frauds soaring in the past few months,” says a bank’s head of fraud.

What it looks like

The majority take place on messaging apps and social media. Across platforms, an account may imitate the brand that you seek, but there will typically be subtle differences in spelling or logos.

The messages or updates will often use urgency-laden phrases such as “time-sensitive deal”, “exclusive deal” or “complimentary gift”.

With the cost of certain authentic slimming injections, rose of late, the scammers will price their “product” lower.

“Buying from unapproved vendors online can come at a significant financial, medical and psychological toll,” warns the security specialist.

Recommended Actions

Like any deceptive scheme, the wise saying applies: should something seem too good to be true, then it probably is.

Medical authorities have warned people to be highly vigilant when buying medicines via the web. They should only be obtained from a registered pharmacy using a prescription provided by a healthcare professional, they advise. When procured from other sources, they can present significant dangers to health.

Fraudsters can go to great lengths to design their webpage or online profile appear completely genuine. Should they state to be an online pharmacy located within Great Britain, it's possible to verify the online portal of the pharmaceutical regulatory body to ensure they are correctly licensed.

Written by

Mark Smith

Elara Vance is a blockchain analyst and crypto journalist with over 8 years of experience covering digital asset markets and regulatory developments in Canada.

CryptoGroup Canada

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