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Fraudsters' Fake Products 'Could Cause Real Harm'

You have heard and read so much regarding the use of weight loss injections to lose weight, it feels like the moment has come to try them out in the run-up to the holiday period. The problem is cost.

But it seems there are other options rather than obtaining a doctor's script and visiting the pharmacy. An SMS arrives providing a URL to a site with much cheaper medication – and with no need to go through proper procedures. You also noticed a comparable advertisement on social media recently, prompting you to go for it.

The problem is such promotions are highly likely to be fraudulent schemes. In the best-case scenario, you will be sent nothing and forfeit whatever money you paid. In the worst, you receive a counterfeit item, with unknown ingredients that could lead to severe health problems.

The widespread use of authentic weight loss medications has resulted in a increase in counterfeit products hitting the market and scams set up to simply take consumers' cash.

Medical regulators have warned against buying such unlawful weight loss medicines absent a doctor's order from aesthetic clinics, fake pharmacy websites or through digital platforms, stating they could contain “toxins and additional components which may provoke real harm”.

Recent statistics from a high street bank reveal a significant surge in the number of clients who have been impacted by the scam. According to the bank, the total sum lost to scams involving weight loss injections, injector pens, tablets and lipid-reducing solutions during the third quarter this year, was over twice the overall amount lost in the previous three months. The average scam costs victims £120, it says.

“Scammers are deliberately targeting individuals' self-doubts and health concerns, with such frauds soaring in the past few months,” says a bank’s head of fraud.

How It Appears

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

The messages or posts will often use urgency-laden phrases such as “limited-time offer”, “special promotion” or “complimentary gift”.

With the cost of certain authentic weight loss jabs, rose of late, the scammers will price their “item” lower.

“Buying from unverified sellers on the internet can come at a significant financial, health-related and emotional cost,” says the security specialist.

Recommended Actions

As with all scams, the old adage applies: should something seem too good to be true, it likely isn't genuine.

Medical authorities have warned people to be extremely cautious when buying medicines online. These products must only be obtained from a registered pharmacy with a valid script provided by a medical practitioner, they advise. If sourced elsewhere, they can present serious risks to health.

Criminals can go to great lengths to design their webpage or social media page look as authentic as possible. If they claim to be an internet-based chemist located within Great Britain, you can check the online portal of the medicines oversight organisation to confirm this is correctly licensed.

By

James Phelps

Financial analyst specializing in precious metals with over a decade of market experience, providing data-driven insights.

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