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Found 10 results

  1. Although from 10 months ago, I thought this deserved its' own thread as quite unbelieveable ! I posted it on the related thread below Amazon & eBay sellers' VAT fraud rife despite crackdown http:// www.housepricecrash.co.uk/forum/index.php?/topic/227991- amazon-ebay-sellers-vat-fraud-rife-despite-crackdown/& http://www.housepricecrash.co.uk/forum/index.php?/topic/227991- amazon-ebay-sellers-vat-fraud-rife-despite-crackdown/&page=2
  2. ...and then agrees to be a poster child for thick spivs: Fraudsters exploited my angry tweet A bank customer was tricked into transferring money by fraudsters who pretended to be responding to his angry Twitter post about poor service. Writer Mike Tinmouth was furious with the process and time taken to open a business account with Barclays. He expressed his frustration in a public tweet - which was seized on by fraudsters who posed as the bank in an attempt to trick him out of £8,000. Fraud experts say con-artists are becoming skilled at impersonation. 'Lulled into paying' Mr Tinmouth wanted to open a business account to deal with the income and expenditure of some properties that he was letting to tenants. He applied to Barclays, but the process dragged on and eventually he made a complaint on Twitter. See Mike Tinmouth's other Tweets He even posted an email that he received from the bank which he felt was unprofessional and had to confirm was genuine. The bank urged him to delete this public post. All this information, together with some personal details that were already available about him online, was enough for fraudsters to mimic the bank and appear to know details of the case. "They targeted me because they are monitoring the big banks' customer support Twitter channels where they can get enough information on name, location, and photo to then be able to track down further information," he said. Soon after the Twitter exchange, he received another email apologising for the poor service and offering to deal with his case. This time the message was from a fraudster posing as his bank. After various exchanges, he was provided with details of his "new" account, and he started to transfer money from his personal current account with a different bank. The transfer was blocked, saving Mr Tinmouth from losing the £8,000 he intended to move between the two accounts. Barclays said that customers should always be careful about posting details in public, and that it had a system of ensuring customers dealt with the bank's social media teams on private channels. No-one should transfer money to a new account without having all the relevant paperwork and full control of the account, a spokesman added. "In this case, we advised Mr Tinmouth on the process he should follow to speak to us about his query. However while we were in contact, he engaged with an unverified email address and provided personal information to scammers, which led to him being targeted," a spokesman said. Katy Worobec, managing director of economic crime at UK Finance, which represents the major banks, said that criminals would try to impersonate legitimate organisations, such as banks, police, utility companies or retailers. They would contact potential victims through social media applications in an attempt to trick them into giving away their details. "Always question any phone calls, texts, tweets or emails out of the blue asking for your personal information in case it is a scam, and never automatically click on any links," she said. "Instead contact the company directly on a known phone number or email, such as the one on their official website. If you think your personal or financial information may have been stolen, contact your bank straight away and also report it to Action Fraud." Names matter The attempt to trick Mr Tinmouth happened in the same week that plans were confirmed for a new system aimed at reducing fraud. The Payment Systems Regulator has now opened consultation into the proposal to ensure than a recipient's name is checked, along with their account number and sort code when transferring money. This process would have stopped Mr Tinmouth earlier in the process, as he would have realised that the destination account was not his own, but in the name of somebody else entirely. Other victims of fraud may also have been stopped from transferring money had they realised the account holder they were paying was wrong. Gareth Shaw, from consumer group Which?, said the change - which would take effect "early" in 2019 - was long overdue. "Customers will question why it's taken their bank so long to implement a system that could have prevented devastating financial losses years ago," he said. "To halt the alarming rise in bank transfer scams we must now see swift implementation of this much-needed measure across the board."
  3. I've been following the YouTube Channel 'The Money GPS' for a couple of months now. Videos are 'North American-centric' but this Canadian guy does talk about the UK and Europe as well in past videos. Highly recommended. Having listened to this one a couple of days ago, one sentence has says is pretty resonating: From 3:32 : Rinse and repeat for the UK. He also discusses the high cost of rent vs mortgage payments.
  4. As it looks like BTL is going to blow-up spectacularly over the next few years I thought it might be interesting to have a guess at how much fraud is going to be discovered in the aftermath. We can then return to this poll at some point in the future and compare the opinions of the forum with the reality on the ground. If you vote "other" please give details in the thread.
  5. now blowing up in N.I. I knew people on similar schemes in England & Wales, all seemed like a funding grab / grant fraud Foster announces botched heating scheme inspection http://www.bbc.co.uk/news/uk-northern-ireland-38289461 Renewable Heat Incentive scheme: No minutes of meetings on energy 'scandal' http://www.bbc.co.uk/news/uk-northern-ireland-37777592
  6. ​Swansea dentist jailed for six years after £1m scam to pay for lavish holidays and school fees Read more: http://www.southwales-eveningpost.co.uk/8203-Swansea-dentist-jailed-years-1m-scam-pay/story-29367098-detail/story.html#ixzz4AsmgHhfj
  7. Not sure if this got a mention .. "The Untouchables (2013)" Documentary about how the Holder Justice Department refused to prosecute Wall Street Fraud despite overwhelming evidence http://www.informativevine.com/2016/04/the-untouchables-2013.html
  8. Not sure if this got a mention .. "The Untouchables (2013)" Documentary about how the Holder Justice Department refused to prosecute Wall Street Fraud despite overwhelming evidence http://www.informativevine.com/2016/04/the-untouchables-2013.html
  9. He was fired from UKIP when the party discovered he was being convicted for benefit fraud. In May 2015, Mote was convicted of embezzling nearly half a million pounds, and today he was sentenced to five years in prison. Full text of the sentence They listened to you closely for days as you lied, protested, lied and lied again about the monies you had fraudulently claimed as expenses while serving your constituents and your country as an MEP. During the period from 2004 to 2009 you corruptly fiddled over £400,000 in expenses. Your greed and dishonesty were matched only by your hypocrisy, because while this was going on you carried out a high ‐ profile campaign condemning corruption and the improper use of public money in the very institution from which you were leeching it. You knew perfectly well what the rules were for the claiming of expenses; and you also knew perfectly well that what you were doing had nothing to do with funding whistleblowers and everything to do with funding your bridging loan, your mortgage, your legal expenses that were unrelated to your role as an MEP, and your family. If there had been any truth in your claims that you used these huge sums of money to fund whistleblowers you would have been able to show it without in any way compromising them. But you couldn’t. It was plain for all to see that the monies went into your bank accounts or accounts which you controlled, and did not come out except to fund you and your family. You abused your position of trust as an elected representative, and you abused the trust that the European Parliament placed in you, consistently making false statements in the knowledge that the institutions trusted their MEPs to be reliable and honest. Along the way, you deceived people who shared your declared political ideals and even regarded you as something of a political hero. You are, as was said by the trial judge when you were convicted of substantial benefits fraud in 2007, a thoroughly dishonest man
  10. This young lawyer tried to stop J P Morgan dealing in Toxic & Fraudulent LIAR LOANS.... http://www.rollingstone.com/politics/news/the-9-billion-witness-20141106?page=6 She discovered that with some random samples, 40 per cent of mortgage holders had overstated their incomes - leading to a higher risk of default. In the end --- J P Morgan bought off criminal prosecution for $9Billion..... AND SO THEY SAVED THEMSELVES HUNDREDS/THOUSANDS OF BILLIONS "PROFIT" which they made from the entire LIAR LOAN SCAM..... UnF***ING BELIEVABLE!
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