New figures released from the City of London Police Insurance Fraud Enforcement Department reveals that 17-24 year olds are extremely susceptible to fraudsters selling fake car insurance known as ‘Ghost Brokers’.
The figures show that from November 2014 – July 2018, the majority of reports received by Action Fraud have come from 17-24 […]
A new report states that £500 Million has been stolen from customers of British banks in the first half of 2018 alone.
Industry group UK Finance says £145 Million of the stolen amount was due to APP scams, or Authorised Push Payments. APP crime is the fastest growing type of crime and these […]
An unnamed 40-year-old man has appeared in a Singapore court to face charges for his suspected involvement in a series of timeshare recovery scams.
It is alleged that between 2014 and 2017 the 40-year-old had cheated more than 20 timeshare membership owners out of approximately $600,000 by claiming to terminate their timeshare memberships. […]
Imagine your loved ones were scammed out of everything they had worked their whole lives for
That’s exactly what happened to one family whose elderly parents were conned by someone they trusted. Syed Bukhari pretended to be ‘Gerry’ from the bank and went on to steal more than £350,000 of their lifesavings including […]
The Financial Ombudsman Service has upheld a complaint bought by five individuals who lost nearly £100,000 after transferring their savings following a free pension review.
The decision made by FOS could offer hope to thousands of other victims, who have lost their savings in SIPP’s, a successful way to claim back their money.
The […]
Know the potential financial risks before you commit.
As the summer draws to a close and the tans begin to fade, some of us may be looking into booking future holidays, hoping to secure a bargain by booking early. Others may be considering the prospect of investing in a timeshare or holiday membership, […]
The Financial Conduct Authority and The Pensions Regulator have issued a statement, to warn the public to be vigilant when receiving cold-calls, regarding pension investments.
The warning comes after 253 victims contacted Action Fraud to report pension investment fraud. This resulted in more than £23 million lost to pension scammers in 2017 alone. […]
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 […]
Police have been called in to investigate after a couple from Bristol lose a holiday home and £272,000 in life savings, after the collapse of a £10 million foreign exchange firm. Civil servants, Bryn and Trish Pailing were fortunate enough to retire early and were about to complete the purchase of a […]
Government saves £300m in two years by preventing fraud and error.
The government’s national Fraud Initiative (NFI) has saved over £300 million in taxpayers money, in a two year period. Chloe Smith, Minister for the Constitution, has announced over £300 million in savings, made from clamping down on fraud and error. “We are […]
You are able to pursue a claim yourself to the Financial Ombudsman Service without incurring a fee
