Frauds

  • 03 Feb 2024 3:27 PM | Anonymous member (Administrator)

    A quarter of young people would lie on car insurance applications to get cheaper policies amid soaring costs, the industry warned.

    A survey by Insurance Fraud Bureau found a quarter of 18 to 24-year-olds would lie to get cheaper insurance, with more risking “fronting” by posing as a named driver on a parent’s main policy.

    https://uk.news.yahoo.com/young-drivers-could-risk-fraud-111738696.html


  • 03 Feb 2024 3:24 PM | Anonymous member (Administrator)

    They have been sentenced for conspiracy to commit fraud and animal welfare offences.

    Five people from Kent have been locked up after raking in over £500,000 through a puppy farm scam, selling sick dogs to unsuspecting members of the public. Wally Beaney, Louise Smith, Maria Smith, Charlotte Byron and Debbie Lampard have been sentenced following an investigation from the RSPCA and Kent Police.

    https://www.kentlive.news/news/kent-news/kent-puppy-farmers-jailed-after-9063499

  • 24 Jan 2024 10:31 AM | Anonymous member (Administrator)

    A 30-year-old acting as an unauthorised – or “ghost” – broker has been convicted for his involvement in a fraudulent motor insurance scheme targeting the Sudanese community.

    Hafiz Mohammad, from Polygon Street, Manchester, was found guilty of selling illegitimate policies to individuals, many of whom had limited English proficiency.

    https://www.insurancebusinessmag.com/uk/news/breaking-news/ghost-broker-who-victimised-sudanese-nationals-sentenced-473203.aspx


  • 24 Jan 2024 10:29 AM | Anonymous member (Administrator)

    A Somerset man who conned women out of thousands of pounds has been jailed again.

    Sebastian Timmis stole more than £30,000 by convincing his victims to transfer him money, having won their trust through dating apps and websites.

    https://www.itv.com/news/westcountry/2024-01-17/cynical-and-manipulative-serial-romance-fraudster-jailed-again


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

    Two pension fraudsters have been ordered to hand over the majority of their assets after a Proceeds of Crime Act (POCA) investigation by The Pensions Regulator (TPR), with the money to be returned to the pension schemes affected by the duo.

    The successful conclusion to the investigation also means that Dalriada Trustees, the independent trustees running the affected schemes, can now take steps to further progress the claims on the Fraud Compensation Fund.

    https://pensionsage.com/pa/Pension-fraudsters-ordered-to-hand-over-assets-following-tpr-probe.php


  • 24 Jan 2024 10:15 AM | Anonymous member (Administrator)

    Pensioners are being urged to be vigilant after a spate of courier frauds in the east and south of the UK, including one case where a victim lost £5.3 million.

    Reports to Action Fraud, the national fraud and cybercrime reporting service, have shown that members of the public have been contacted by criminals purporting to be either from the police or from their bank, claiming that the victim’s account has been taken over by fraudsters.

    https://www.professionaljeweller.com/courier-fraud-gold-bullion-jewellery/


  • 20 Jan 2024 11:03 AM | Anonymous member (Administrator)

    Last year I was the victim of a banking scam. For a while, it appeared that I had lost everything, but luckily the perpetrator was so eerily accomplished at mirroring the bank’s technology and phone numbers that they agreed I wasn’t at fault and the money was refunded to me.

    Becky Holmes, a popular presence on Twitter, has written a book about a different sort of fraud, one much more personally invasive and traumatic than the kind I experienced. She writes about romantic fraud, in which a perpetrator assumes a false identity – in more outlandish frauds, sometimes posing as a celebrity (there’s more than one Keanu Reeves out there) – to woo another person online, eventually using the relationship to extort money and gifts.

    https://uk.sports.yahoo.com/news/revealing-revolting-look-world-online-110000720.html

  • 20 Jan 2024 10:55 AM | Anonymous member (Administrator)

    The Lettings Hub, the referencing and PropTech provider, has announced that it will host a free-to-register webinar this week to shed light on the rise of attempted tenancy fraud in the UK.

    Agents are being warned that as rental costs continue to rise, some tenants may find themselves in a challenging predicament, leading some to resort to desperate measures, including falsifying information to secure a tenancy.

    https://propertyindustryeye.com/do-you-know-how-to-spot-tenancy-fraud/


  • 14 Jan 2024 10:16 AM | Anonymous member (Administrator)

    In June 2023 we published a blog article discussing the Payment System Regulator’s policy statement creating a new reimbursement requirement for Authorised Push Payment scams. On 19 December, the PSR published an APP scams reimbursement policy statement (PS23/4) setting out final sets of requirements alongside the relevant legal instruments to give effect to the policy and other helpful materials and guidance. This is particularly important given the October 2023 APP scam fraud performance report which suggests that even where these PSPs are reimbursing victims of APP scams on a voluntary basis, there are currently inconsistent outcomes for customers who report APP fraud to their PSP. Furthermore, there are weak controls that are exploited by fraudsters, and there is still more to be done to address gaps in controls to prevent such fraud by in-scope firms. The policy start date is confirmed as 7 October 2024 which is recognised as a challenging target.

    https://kpmg.com/uk/en/home/insights/2024/01/nine-months-left-to-prepare-for-mandatory-app-scam-reimbursement-requirements.html

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

    Romance fraud happens when you think you’ve met the perfect partner online, but they are using a fake profile to form a relationship with you.

    The fraudster gains your trust over a number of weeks or months and has you believe you are in a loving and caring relationship. However, the criminal’s end goal is only ever to get your money or personal information.

    https://crimestoppers-uk.org/news-campaigns/news/2024/jan/five-ways-to-spot-the-signs-of-romance-fraud


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