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Financial watchdog warns over graphene investment scams

The Financial Conduct Authority has released a statement warning consumers not to be taken in by companies claiming unrealistic profits from graphene investment scams.

The authority says it is receiving many reports from people who have been offered investments in graphene, the innovative carbon material first isolated at the University of Manchester in 2004. Graphene could one day be used in electronic display screens, and electrical circuits and billions is being spent on further research to develop the material. However, these applications are not yet ready for commercial sale.

The FCA said it believes that dodgy firms that have sold other “high risk dubious products, such as carbon credits, rare earth metals and overseas land and crops” are now trying to sell graphene, often using high-pressure sales tactics.

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