Research carried out by Action Fraud and the National Intelligence Bureau has revealed that those suffering from mental health issues, an impairment and social issues or with a disability, are more likely to be susceptible to certain types of fraud. And most worryingly, the two organisations believe that fraud amongst vulnerable people […]
An energy company based in the West Midlands has been banned from taking on any new customers. Citizens Advice and the Energy Ombudsman contacted the energy regulator Ofgem after receiving numerous complaints from the company’s 240,000 customers, and an investigation began into the company.
Ofgem launched their investigation and have described the company […]
Netflix are warning customers to be vigilant after millions of users are targeted by scammers. The problem has become so bad the US government has issued an official warning about the highly convincing emails asking them to update their payment details, and a version of this scam is seeing users in the […]
Citizens’ Advice is warning buyers to beware, as thousands of people are reporting being ripped-off whilst using online marketplaces. Citizens’ Advice received more than 13,000 complaints about problems with online marketplaces. According to the report, 76% of adults in the UK use online marketplaces. An online marketplace is a website, or app, […]
The Better Business Bureau, the USA’s version of Action Fraud, has been warning consumers that a group claiming to be a Nashville based realty company are scamming victims out of tens of thousands of dollars, in exchange for bogus timeshare resale services.
The Better Business Bureau has received serious customer complaints that allege […]
The Mobile Phone Scam
02, EE and Vodafone customers are being warned that their bank accounts are at risk from being cleared out by fraudsters. A BBC investigation has discovered that three of the biggest mobile phone providers are handing out replacement SIM cards without running the proper ID checks. The scam involves […]
An automated police run system is stopping 450,000 cases from being investigated by police officers adequately, and the cause is an unprecedented rise in financial crime.
Home Office Minister Ben Wallace released the figures after being questioned about whether or not financial crimes in the UK were being dealt with properly. A Lib […]
A man has been sentenced to 13 years in prison, after he was found guilty of conspiring to con dozens of investors out of millions of pounds. Michael Nascimento, ran a call centre where investors were offered shares in fraudulent companies. But instead, the court heard, how he spent some of the […]
In their latest newsletter, the Financial Ombudsman Service (FOS) has warned banks to treat victims of financial fraud more fairly, instead of assuming the victim was grossly negligent and to blame.
FOS see thousands of complaints from customers, who have had money stolen from their accounts, and assesses cases where the bank and […]
A colossal crash for cash scam, which netted £2 million for its ringleaders, has seen more than 150 people convicted for submitting bogus claims.
The full scale of the fraud can now be revealed, as the final 3 defendants in the case have been convicted. All of the parties involved have either admitted or […]