Scams

  • 08 Feb 2024 1:58 PM | Anonymous member (Administrator)

    The Financial Conduct Authority (FCA) has launched a fresh call for social media firms to do more to prevent mass fraud on their platforms, City A.M. can reveal.

    The City watchdog said in a report on Thursday that it issued 2,286 warnings last year alerting consumers about firms and individuals operating without its authorisation, up 21 per cent from 1,882 in 2022.

    https://www.cityam.com/fca-urges-big-tech-to-crack-down-on-fraud-amid-rise-in-unauthorised-firms/


  • 07 Feb 2024 3:55 PM | Anonymous member (Administrator)

    A “heartless” fraudster who stole £80,000 from Nationwide bank customers via a telephone banking scam has been jailed for three years and ten months.

    Edward Trustworth, 30, of Tottenham, would use stolen card details to make purchases such as luxury watches.

    https://uk.news.yahoo.com/heartless-london-conman-fleeced-80k-125300038.html


  • 30 Jan 2024 11:24 AM | Anonymous member (Administrator)

    A fraudster who promised energy savings and complete home security through his products and services has been found guilty of conning elderly and vulnerable residents out of £1.5million.

    https://westbridgfordwire.com/fraudster-conned-elderly-victims-in-1-5-million-energy-and-security-scam/

  • 24 Jan 2024 10:19 AM | Anonymous member (Administrator)

    A rogue trader in Cornwall has been jailed for conning people out of £355k.

    Sean David McCann, from St Kew in Bodmin, appeared at Plymouth Crown Court for sentencing on Thursday 18 January.

    Following an extensive investigation by Cornwall Council Trading Standards, the 48-year-old entered guilty pleas to five charges at an earlier hearing.

    https://www.itv.com/news/westcountry/2024-01-19/cornish-rogue-trader-jailed-for-conning-people-out-of-355k


  • 20 Jan 2024 10:53 AM | Anonymous member (Administrator)

    The total for 2022 was more than double the £31.5m reported as lost to Action Fraud in the previous 12 months.

    Social media users caught in financial scams lost nearly £75 million to fraudsters in the space of a year, figures suggest.

    https://www.shropshirestar.com/news/uk-news/2024/01/11/social-media-users-report-losing-75m-to-financial-scams-in-one-year/

  • 20 Jan 2024 10:44 AM | Anonymous member (Administrator)

    A Glen Parva man has spoken of his heartbreak after he was "scammed" out of his £100,000 life savings. Paul Henderson received three separate phone calls from what he thought was The Co-operative bank fraud department on Wednesday, December 13.

    84-year-old Paul said that he had to request a new visa card two weeks prior because the one attached to his account was used for a £30 fraudulent transaction. Because of this, he did not have any reservations when he received a call from what he thought was the fraud team.

    https://www.msn.com/en-gb/money/other/leicestershire-man-84-details-horror-after-being-scammed-out-of-100000-life-savings/ar-AA1mWT3e


  • 14 Jan 2024 10:21 AM | Anonymous member (Administrator)

    UK consumers lost £75mn to financial scams on social media in one year alone, with a total of 3,597 reports to the police about investment fraud.

    According to a Freedom of Information request submitted to the National Fraud Intelligence Bureau by comparison site Good Money Guide, Instagram was mentioned in more than half of cases, followed by Facebook with 1,193 reports.

    https://www.ftadviser.com/your-industry/2024/01/11/savers-lose-75mn-a-year-to-financial-scams-on-social-media/

  • 14 Jan 2024 10:17 AM | Anonymous member (Administrator)

    Dru Marshall attempted to sell a walking stick he falsely claimed was used by the late monarch.

    A 26-year-old man who claimed to be the Queen’s footman has been sentenced for defrauding buyers on eBay who bid for a walking stick he falsely claimed was used by the late monarch “as she struggled with her mobility”.

    https://www.irishnews.com/news/uk/man-sentenced-for-claiming-to-be-queens-footman-for-ebay-scam-JOXF4BT27JKKPLXL3RUBBVMDXM/

  • 06 Jan 2024 3:18 PM | Anonymous member (Administrator)

    Shoppers are being warned to remain vigilant when shopping this festive period as over two-thirds (62%) of scam victims over 65 have fallen to a purchase scam, research from Feedzai, the financial crime and risk management solution, has found.

    https://ifamagazine.com/scammers-are-out-for-elder-adults/

  • 30 Dec 2023 1:02 PM | Anonymous member (Administrator)

    Experts from Love The Sales have shared their advise on how to avoid falling for scams during Boxing Day and January sales.

    A large part of Christmas preparations is doing your shopping, whether it be groceries for the big day or snapping up those last minute presents. As Black Friday and Cyber Monday ended the November savings, the next round of sales are here.

    https://www.kentlive.news/whats-on/shopping/experts-boxing-day-sale-scams-8991262

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