Fraudsters Target The Most Vulnerable

Thursday 17th January 2019

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 […]

Economy Energy Stops trading, leaving customers in the lurch

Tuesday 8th January 2019

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 […]

Scammers Target Netflix Accounts

Wednesday 2nd January 2019

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 […]

Beware of Online Marketplace’s This Christmas

Wednesday 19th December 2018

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, […]

Warning Over Mexican Timeshare Scam

Tuesday 4th December 2018

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 […]

Have you heard of these scams?

Monday 5th November 2018

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 […]

Is Financial Crime Investigated Adequately ?

Thursday 11th October 2018

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 […]

Cold-Calling Conman Jailed For 13 Years.

Monday 17th September 2018

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 […]

Financial Ombudsman Service Tells Banks To ‘Stop Blaming Victims’ !

Thursday 30th August 2018

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 […]

Crash For Cash Ringleaders Jailed

Friday 20th July 2018

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 […]