Warning over graphene investment scams


The UK Financial Conduct Authority (FCA) has warned investors to beware of scams involving graphene, as evidence of a graphene investment company was found on a computer belonging to a suspected ‘boiler room’ company.

Graphene, the two-dimensional allotrope of carbon, has drawn increasing media attention in recent years, often dubbed a ‘wonder material’ with many potential uses, from next-generation batteries to flexible electronics. The FCA warns that scammers may be using this to their advantage, selling bogus investments in graphene over the phone. Often, it said, investors do not realise graphene is still many years away from being used in consumer products.

The regulator warned investors not to be fooled by the hype surrounding graphene. ‘There is a strong possibility of fraud with graphene because it is unregulated and it is difficult to confirm that you have bought the genuine product,’ it told consumers. ‘If it sounds too good to be true, it probably is!’


Related Content

Graphene beyond the hype

19 June 2015 Feature

news image

For the past 10 years, graphene has popped up in many headlines. Emma Stoye looks at whether current progress matches up to t...

UK failing to capitalise on graphene

1 November 2013 News and Analysis

news image

Graphene may have been discovered in the UK, but report warns that country's industry is falling behind global competitors

Most Read

Flushing advice is flawed

24 August 2015 Research

news image

Protocols to restore contaminated water supplies are not based on science

Simple chemistry saving thousands of gold miners from mercury poisoning

25 August 2015 News and Analysis

news image

Basic apparatus is cutting mercury pollution and helping Indonesian miners go for gold

Most Commented

Paper device tracks fracking pollution

21 August 2015 Research

news image

Cheap and simple bromide sensor warns if water has been contaminated with fracking fluid

New drug treatment for alcoholism shows promise in animal studies

24 August 2015 Research

news image

Compounds that target a receptor in the brain appear less addictive with fewer negative side-effects than existing drugs