Victims of sophisticated investment scams have questioned how Britain’s biggest banks are allowing fraudsters to set up bank accounts to harvest tens of thousands of pounds by posing as representatives of legitimate financial firms. Clone scammers peddling fake investment products stole close to £213,700 a day from Britons in 2020, with victims losing £45,242 on … Read more
Scammers are reportedly cold-calling households claiming they have filled in their Census forms incorrectly and ‘fining’ them. The 2021 Census is a legitimate survey conducted every decade to count the number of people in England and Wales, along with other details. It is a legal requirement to fill out the Census for all households. The … Read more
Millions of pounds in criminal cash has been frozen over the last three years as banks attempt to clamp down on a surge in money laundering carried out by teenagers and young adults who are often unaware they are breaking the law. Figures from Britain’s biggest bank Lloyds revealed that more than three in five … Read more
Scam victim who lost £239,000 of life savings reimbursed by her bank after we intervened By Rachel Rickard Straus, Financial Mail On Sunday Published: 21:52 GMT, 13 March 2021 | Updated: 21:52 GMT, 13 March 2021 A scam victim who lost £239,000 of life savings has been reimbursed by her bank after The Mail on … Read more
Scammers recruit young adults left jobless by the pandemic as ‘money mules’ By Miles Dilworth For The Daily Mail Published: 22:00 GMT, 9 March 2021 | Updated: 22:00 GMT, 9 March 2021 Young adults left jobless and penniless by the pandemic are helping launder profits from crimes like drug dealing Young adults left jobless and … Read more
Homeowners are being scammed out of tens of thousands of pounds by a wave of rogue locksmiths who ‘bully’ their victims into submission. Families are being warned against a new crop of cowboy tradesmen who promise quick-fix jobs before threatening to lock people out of their homes if they don’t pay extortionate bills. Online giant … Read more
Financial planner Mel Kenny was cold called while dealing with his dead mother’s estate Bereaved Britons have been urged to be on their guard against scammers after a financial planner and one of his clients were cold called while dealing with the affairs of deceased relatives. Mel Kenny, 48, from North London, who works at … Read more
Battle: Jean Timmins made her own checks before her bank let the sums be paid Why should it often take the intervention of the press to get financial justice for consumers? It’s a question I regularly ask myself – although I can’t deny I thoroughly enjoy the moment whenever a mighty financial services company caves … Read more
When Catriona Oliphant got a phone call warning her there had been fraudulent activity on her and her elderly mother’s bank accounts, the timing could not have been worse. Catriona’s mother had recently been diagnosed with terminal cancer and given just months to live. Catriona, 60, says: ‘At the very moment the phone rang, I … Read more
February is known as the month of romance – but lockdown rules have resulted in further isolation for singletons, leaving thousands with lonely hearts seeking love remotely. But with this desperation comes another threat: romance fraud. It has become a very lucrative industry for fraudsters, and last year victims of this type of scam were … Read more