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Fraudsters' Counterfeit Products 'May Lead to Real Harm'

You've heard and read so much about people using weight loss injections to get slim, you feel it is time to give it a go ahead of the holiday period. The problem is expense.

Yet it appears there are other options rather than obtaining a doctor's script and visiting the pharmacy. A text message comes through providing a URL to a site with more affordable medication – and with no need to navigate proper procedures. And you saw a comparable advertisement on social media recently, so you decide to take the plunge.

The catch is such promotions are highly likely to be fraudulent schemes. In the best-case scenario, you'll receive no product and forfeit whatever money you spent. In the worst, you obtain a counterfeit item, with unknown ingredients which may result in serious medical issues.

The popularity of legitimate slimming drugs has led to a increase in fake goods entering circulation and scams set up to simply take people’s money.

Medical regulators have advised avoiding purchasing these illegal weight loss medicines absent a doctor's order from aesthetic clinics, bogus online chemists or through social media, stating they might include “harmful substances and additional components that could cause real harm”.

Recent statistics from a high street bank show a significant surge in the quantity of clients who have been impacted by the scam. According to the bank, the amount of money lost to fraudulent activities related to weight loss injections, injector pens, tablets and lipid-reducing solutions during the third quarter this year, was over twice the total sum lost in the prior quarter. The average scam sets back sufferers £120, it says.

“Fraudsters are deliberately targeting people’s insecurities and medical worries, with such frauds skyrocketing 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. On socials, a profile may mimic the brand that you seek, but there will typically be slight variations in spelling or logos.

These communications or updates will often use pressure-inducing language such as “limited-time offer”, “exclusive deal” or “complimentary gift”.

As the price of certain authentic weight loss jabs, has increased recently, the scammers will price their “item” lower.

“Buying from unverified sellers online can entail a serious financial, health-related and psychological toll,” says the fraud expert.

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Like any deceptive scheme, the wise saying applies: should something seem too good to be true, it likely isn't genuine.

Medical authorities have warned people to be highly vigilant when purchasing medications via the web. These products must only be obtained from a registered pharmacy using a prescription issued by a healthcare professional, it says. If sourced elsewhere, they can present serious risks to health.

Fraudsters can go to great lengths to make their site or online profile appear completely genuine. If they claim to be an online pharmacy located within the UK, it's possible to verify the online portal of the pharmaceutical regulatory body to confirm this is properly registered.

By

Diamond Lewis

Liam is a financial analyst and writer with over a decade of experience in investment banking. He simplifies complex finance topics for everyday readers.

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