Payments fraud is costing the average UK small business more than £4,500 a year. Small firms are losing £22bn every year to fraudulent transactions, research by Sage Pay has found. More than 40pc of the 1,124 UK business owners surveyed by the payment service provider experienced fraudulent activity in the past year, losing an average […]
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Nine convicted in £70m boiler room fraud
Scam believed to be largest boiler room fraud pursued by a UK authority. Two men have been convicted for their roles in a £70m boiler room fraud, believed to be the largest case of its kind pursued by a UK authority. This brings to nine the number of people convicted in relation to the scam […]
Scam booking request
[mailto:sohbetnet@server.forumrisale.com] Subject: Booking Dear Sir/Madam Please i need your reply for the flight booking request below ECONOMY CLASSS ROUTH : HEATHROW – DALLAS – HEATHROW DEPART 24/07/2014 RETURN 30/07/2014 ANY AIRLINE PAX NAME : ECONOMY CLASSS ROUTH : DALLAS -HEATHROW – DALLAS Departure date: 08/06/2014 Returning date 22/06/2014 ANY AIRLINE PAX NAME : Thanks & […]
Warning to fans over World Cup scams
With a week to go until the World Cup kicks off in Brazil, police are warning football fans to avoid being scammed. They say they have seen a rise in fraud cases involving flights, accommodation and tournament tickets. One fan and his mates have told Newsbeat that they were offered a Thomas Cook staff discount […]
Ticket touts: don’t be a sell-out
A licence to print money. As the computer’s red light blinks in the dark, its owner starts another shift that will swipe him a five-figure sum by close of play. But there is no cash piled up in bundles next to the screen — all the money traded is online and almost invisible. This isn’t […]
Warning As 100 Online Fraud Cases Logged A Day
Loan seekers and bargain holiday hunters are among thousands being targeted by online fraud scams, authorities have warned. Official statistics reveal that 17,430 cases of online fraud have been reported in England and Wales so far in 2014 – an average of more than 3,000 a month or 100 a day. Online scams were the […]
How to spot red flags of possible fraud
Fraud in the finance function may take a variety of forms — financial statement fraud, misappropriation of assets, illegal acts, bribes, or violation of laws or regulations. There are many warning signs or red flags that indicate a pattern of fraud, and often these items are most visible to the finance department. Link to article
Public see fraud as stealing towels from a hotel room
Simon Douglas, director of AA Insurance said there had been an increase in people phoning the industry cheat line to report fraudulent claims. “They think it may be a victimless crime, but in fact it is not. Just motor insurance fraud alone is probably costing £50 on everybody’s premium.” Link to article
Top Summer Travel Scams
Tricky tickets: Received a letter promising free or steeply discounted airline or cruise tickets? Read the small print – and between the lines – for words such as “eligible” and “guaranteed to win.” These mailers are often sent by vacation clubs as a lure to attend a high-pressure sales presentation where you’re promised huge travel […]
Fraudster jailed for multiple scams
A fraudster from Croydon has been jailed today, Monday 19 May, for two and a half years imprisonment for her part in a travel and smartphone scam. Neelam Desai, (dob 01/05/1980) of Beulah Grove was sentenced to 27 months imprisonment at Croydon Crown Court. She was sentenced in relation to five counts of fraud by […]
Victim placed at centre of new fraud sentencing laws
Fraudsters who target vulnerable victims, such as the elderly, in England and Wales face harsher sentences, under new guidelines. The guidelines focus on the harm caused to victims of fraud, money laundering and bribery, as well as the monetary amounts involved. The old rules viewed the pain caused to victims only as an “aggravating factor”, […]
Fraudster who sold bogus holiday spared jail again
A Blackburn fraudster who has been given ‘chance after chance’ to stop offending has again been spared a jail sentence, after conning three women out of more than £6,000. Aarif Patel, of The Larches in Bastwell, already had 16 previous convictions and was subject to the terms of a suspended sentence when he sold the […]
Beware of scam holiday sites
The Civil Aviation Authority has warned consumers to beware of scam holiday websites displaying a false ‘Atol Protected’ logo. The CAA is urging holiday bookers “to check, then double check” bookings are Atol protected. The authority issued the warning today as part of National Scam Awareness Month. Link to article
Three jailed for tourism fraud
Three conmen who tried to defraud the taxman out of £1.9m by pretending to promote Dubai tourism have been jailed. The businessmen set up a sham company and approached various firms claiming they had a £15m budget from Dubai’s Department of Tourism to promote the country. When the company, Wilnecote Hall Marketing, sold advertising space […]
eBay makes users change their passwords after hack
Online marketplace eBay is forcing users to change their passwords after a cyber-attack compromised its systems. The US firm said a database had been hacked between late February and early March, and had contained encrypted passwords and other non-financial data. The company added that it had no evidence of there being unauthorised activity on its […]
Google Account Holders Targeted with Phishing Scam
BitDefender the security company has just spotted one fresh phishing scam that’s attacking users’ Google accounts, with a number of people already being victimized. The assault has been designed fairly well so is more difficult to catch compared to conventional phishing scams. Link to article
Bank Account Frauds Jump By 48% In January-April
The total number of bank account frauds in the UK surged by 48% between January and April 2014 compared to the same period of last year, a new report from CIFAS shows. According to the UK’s Fraud Prevention Service, one of the most notable developments was the “shocking” rise in cases involving the fraudulent misuse […]
9 arrested in ticket fraud crackdown
Suspected ticket fraudsters were rounded up in police raids across Merseyside this morning. Nine people believed to have been involved in online ticketing fraud were arrested after 12 search warrants were executed in Clubmoor, Dovecot, Fazakerley, Anfield, Wavertree, Kensington and Garston. The arrests, relating to the online sale of tickets that never existed or did […]
Ticket scams cost victims £3.7m last year
Concert goers and holidaymakers were the biggest victims of ticket scammers last year, police have said. The Association of Chief Police Officers (Acpo) said unsuspecting consumers handed over a total of £3.7m to fraudsters in 2013. Link to article
Don’t be a victim of ticket fraud
The national police lead on economic crime has revealed that ticketing fraud cost victims over £3.7m last year and called for ticket distributors to work with police to tackle it. Commander Stephen Head of City of London police was speaking as the Association of Chief Police Officers (ACPO) launches a focus week on ticketing fraud […]