A MAN and woman from South Yorkshire have lost a large quantity of money after being targeted by a fraudster who claimed he worked for an investment company.

It is believed the man who referred to himself as Mr Ross, cold called the couple claiming to be from a company called ‘GPM by Asadia’, and said he could earn them considerable interest on their investment if they purchased shares in a company called ‘Currency Fair’.

The couple transferred a large sum of money as an investment but received nothing in return.

Detective Sergeant Jim Cross who investigated this case said: "If you are unsure about something always seek advice from a professional or your bank and never disclose your personal or banks details, unless you know the organisation and are happy to do so.

"If you are worried about any hoax calls please do not hesitate to contact police by calling either 101 or Crimestoppers anonymously on 0800 555 111."