Frauds

A woman from Milton Keynes has been given a suspended prison sentence for giving unregulated immigration advice and committing fraud.

Johanna Loader, 35, who lives on Oberon Way at Oxley Park, was the subject of an investigation by the Office of the Immigration Services Commissioner (OISC).

The financial watchdog has urged borrowers to watch out for signs of a common advance fee loan scam this summer.

The Financial Conduct Authority (FCA) is warning the public about a surge in loan fee fraud (aka advance loan fee fraud).

This type of fraud scams borrowers into paying an upfront fee for a loan they then don’t receive, with losses averaging £260 per person.

A benefit cheat fraudulently claimed thousands of pounds by falsely claiming he had three children.

Kristofer Venner signed declarations claiming to be a dad-of-three while receiving Universal Credit but it was lies. As a result he received a total of £6,357 to which he was not entitled.

A FRAUDSTER who posed as a police officer to con elderly people out of thousands of pounds on Canvey has been sentenced.

Abul Anam Sadruddin, 28 of Dod Street, London, has been sentenced to seven months in prison after being found guilty of two counts of fraud by false representation in June.

Around 55 per cent of UK adults are more worried about their finances this summer than they were last year; with 24 per cent turning to credit or loans to fund summer-related spending; the Financial Conduct Authority (FCA) has revealed as part of a new campaign to help consumers spot and avoid loan fee fraud.

https://thefintechtimes.com/the-fca-warns-of-loan-fee-fraud-risks-as-24-of-uk-consumers-turn-to-loans-to-cover-summer-spending/

A pair of con artists who made more than £300,000 by selling fraudulent car insurance to over 900 unsuspecting motorists have avoided jail.

Ikram Rafique, 31, from Romford, was found guilty of money laundering and acting as an unlicensed broker following a trial at Inner London Crown Court on Monday.

https://uk.news.yahoo.com/east-london-fraudsters-avoid-jail-131925990.html

A group of criminals have been sentenced after they conspired to obtain 42 fraudulent loan applications, leading to a loss of approximately £1 million to a UK bank.

https://harrowonline.org/2023/07/31/high-stakes-bank-loan-scam-north-london-gang-faces-justice-for-1m-fraud/

Universal Credit claimants who use any type of social media are being warned about how they use it amid a crackdown by the Department of Work and Pensions.

https://www.bicesteradvertiser.net/news/23688768.dwp-universal-credit-claimants-warned-use-social-media/

We welcome the Government's response to its Online Advertising Programme Consultation, and the commitment to introduce a new regulatory framework to tackle illegal online advertising.

https://www.cifas.org.uk/newsroom/legislation-combatting-fraudulent-advertising

New YouGov findings published today by the Insurance Fraud Bureau (IFB) suggest a growing number of young adults could turn to insurance fraud as the cost-of-living crisis deepens.

https://insurancefraudbureau.org/media-centre/news/2023/new-yougov-findings-show-growing-number-of-young-adults-tempted-by-insurance-fraud/