Fraud fund to pay back bank transfer scam victims extended again

Fraud fund used to pay back blameless scam victims extended AGAIN as squabbling banks can’t decide on a long-term solution Seven banks including the UK’s biggest names have been funding a central pot This was initially due to run out at the end of 2019 and be replaced Banks cannot decide on a long-term solution … Read more

Couple lose £25,000 while in Colombia after number stolen in Sim swap scam

A couple had £25,000 in savings cleared from their account while travelling in South America after one of their phone numbers was ported without consent. The pair, who wish to remain anonymous, slammed their phone company three stating it does not take security seriously enough, effectively helping ‘facilitate’ so-called ‘Sim swap’ scams. They contacted This is Money … Read more

Beware scammers posing as Citigroup and JPMorgan Chase

Warning over cold callers pushing phony bonds packaged as being from US giants Citigroup and JPMorgan Last week, readers say they were contacted by ‘JP Morgan Asset Management’ This is a clone firm of the world’s sixth-largest bank It has been on the FCA’s blacklist since last November ‘Citigroup Asset Management’ offered plausible best buy … Read more

Mary Berry endorsing cannabis oil? No, it’s a Great British rip-off

When Anne Wiles saw an image of national treasure Mary Berry promoting pain-relief products, she felt confident placing an order. The 71-year-old had been scrolling through Facebook on her laptop when she found an article about the TV baker. It claimed the Great British Bake Off star had launched a line of cannabidiol (CBD) products, … Read more

Identity fraudster stole nearly £2,000 of my money but the police won’t investigate

Why didn’t Barclays report the fraudster who stole my £2,000 over the bank’s counter to police with the CCTV footage? Gavin Bailey from Gloucestershire saw £1,980 swiped in November Identity fraudster used his signature to withdraw cash The fraudster also used his name and date of birth to try and transfer £5,990 But despite his … Read more

Half of people wouldn’t spot small frauds on bank statements

Would you spot a small fraud on your bank statement? As a report suggests half wouldn’t be able to, here’s how to protect yourself Those aged 18-24 were the least likely to be able to spot fraud It comes as the number of card transactions has increased and dropped in value Research raises concerns about … Read more

Exposed: Boss of the rip-off ‘DVLA’ website DVLA Licence Apply

The homepage of the DVLA Licence Apply website features a rather amateurish logo depicting two hands clutching a steering wheel. It then lists its services, which include providing a provisional licence for £91.60 and replacing a lost, stolen or damaged one for £77.60, each next to an inviting blue button that says ‘Apply Now’.  Given … Read more

£1M a day lost to scammers! Next week banks launch a new protection scheme

Banks will next week enter a milestone agreement that will see every blameless fraud victim refunded all of their stolen money. It spells a landmark victory for Money Mail following years of campaigning for those tricked out of life-changing sums. But, today, as figures from consumer lobby group Which? reveal fraudsters are stealing £674 a … Read more