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One in five adults in the UK claim to have been a victim of financial fraud, with Generation X most likely to have handed over cash to a scammer, Paragon Bank research has found.
https://ifamagazine.com/a-fifth-of-adults-have-fallen-victim-to-financial-fraud-with-generation-x-most-vulnerable-paragon-bank-research-reveals/
Nearly three-quarters (74%) of people have been targeted by scams in the past year, a survey indicates.
Six in 10 (61%) people surveyed for NatWest said they now see more digital and online scams than “real life” cons, such as bogus sellers going door-to-door.
https://www.itv.com/thismorning/articles/74-of-people-have-been-targeted-by-scams-in-the-past-year
Dorset Council is warning people who have carelines - the personal alarm system - to be on their guard against scammers.
The authority has had reports of incidents in which fraudsters are getting people to pay for services they don't have to.
Some careline equipment needs to be upgraded as part of Ofcom’s requirement for BT and Openreach to update the telephone system to a digital one.
A rogue trader has been fined more than £7,000 for fraudulently carrying out roofing repairs at a property in Park Hall, Oswestry at ‘an overly inflated price for significantly substandard work’.
https://www.shropshirelive.com/2023/10/13/news/rogue-trader-fined-more-than-7000-for-fraudulent-roof-repair-work/
Bargain hunters are being warned about criminals offering fake “clearance” and “closing down” deals.
Bogus sales are typically advertised on social media or through fake websites, and often draw on brands that have been in the news recently announcing store closures, Santander said.
https://uk.sports.yahoo.com/news/scam-warning-bargain-hunters-browsing-112546055.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr
There are many different types of cryptocurrency and investment scams. They can be very convincing, and anyone can be caught out.
Here’s our guide on what these scams generally look like, how to protect against them and what to do if you’re a victim.
Risk factors as we age can be social, emotional/psychiatric, and cognitive.
Financial scammers often target seniors, thinking that seniors are not of sound mind and that they have plenty of money in the bank.
Scams and financial abuse targeting older adults are vastly under-reported. Victims include both wealthy and low-income older Americans. In 2021, over 90,000 older Americans over age 65 were victims of fraud, estimated at $1.7 billion in personal losses.
Scam victims have been warned to watch out for cruel fraudsters who are stalking social media offering to help them recover their lost money.
Consumer group Which? is cautioning people who have recently fallen victim to a scam be on their guard against fraudsters contacting them and claiming they can get the money back. Usually the criminals will try to the victim to part with more cash as a fee to recover the losses, then disappear.
Six fraudsters who conned elderly residents out of £10.5 million for over-priced and often unnecessary home improvement work have been sentenced to a combined total of 22.5 years at Nottingham Crown Court today (7 September 2023).
https://westbridgfordwire.com/six-fraudsters-jailed-for-10-5-million-home-improvement-scam/
Martin Lewis’s Money Saving Expert website has issued a warning about a new Wilko scam that could leave people thousands of pounds out of pocket.
Scammers have taken advantage of the chain store going into administration as Wilko begins to offer enticing sales.
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