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Conman Jailed for £4.5 Million Fraud

A former financial advisor has been jailed for his involvement in a multi-million pound investment fraud. Neil Bartlett has been sentenced to 8 years imprisonment for scamming £4.5 million from victims, which he used to fund a lavish lifestyle of travel and gambling.

Police in Merseyside began to investigate Bartlett after receiving a number of complaints from Action Fraud, about his business practices. The scheme involved fooling victims into believing they were investing their pensions and life savings into investment accounts with interest. What he was actually doing was filtering the money through his company to pay himself this … Read more

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Italian Regulator issues record fine to Facebook

Italy’s consumer regulator is fining Facebook over £8 million, for concealing how they make money from their data. The fine comes after an investigation by the Italian Competition Authority (“ICA”) looked into alleged violations of the consumer code by Facebook.

According to the ICA, Facebook infringed four of the consumer code regulations, they say: Facebook emphasises the free nature of the service, but not the commercial objectives that underlie the provision of the social network service, thus inducing users into making a transactional decision that they would not have taken otherwise (i.e., to register in the social network and to … Read more

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Action Fraud launch new campaign to fight festive fraud

Action Fraud have launched a new campaign to remind the public to be extra alert over the Christmas period when shopping for gifts online. Fraudsters looking to take advantage of shoppers, are luring them in with promises of great deals and big savings.

Over the Christmas period last year, fraudsters conned 15,024 shoppers out of more than £11 million and fraudsters are using social media and online auction sites to target people. Action Fraud say that mobile phones were the most common item that people tried to buy from fraudsters. Victims reported being hooked in with bargain deals on popular … Read more

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Company Fined £200,000 For Sending 14.8 Million Spam Texts

A London based tax returns company has been fined £200,000 by the Information Commissioner’s Office for sending 14.8 million marketing text messages between July 2016 and October 2017. The ICO began an investigation after receiving over 2,100 complaints from members of the public.

The company, named as Tax Returned Limited, did not follow the proper guidelines when contacting people. The ICO found that the company had not taken the reasonable steps to make sure the data complied with the Privacy and Electronic Communications Regulation, which requires a company or organisation obtains specific approval from people receiving the messages, prior … Read more

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Conman took advantage of vulnerable pensioner

A conman who tricked a pensioner into spending money on a unworthy product to cut her heating bills has been sentenced to 3 months imprisonment. Adrian Hillman, a former director of Eco Shield UK Ltd, cold-called his elderly victim in November 2015 and offered her a product, he said would drastically cut her heating bills, and help her save money.

The victim agreed to pay the £2,000 to the conman after he visited her in her home and convinced her this worthless product would be a worthwhile purchase. However, when the job was complete, the elderly victim was horrified to … Read more

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Grenfell Fraudster Jailed

Sharife Elouahabi has been jailed for six years for falsely claiming over £100,000 from the disaster fund.

Elouahabi told authorities that he had been living with his uncle and family in the tower and alleged to be a member of the El-Wahabi family, five of whom had died in the fire. In reality, he had no connection to them at all. He also told authorities he had suffered constant nightmares, anxiety and weight loss because of the tragedy. Nine days after the fire, he approached Kensington and Chelsea council claiming he was the nephew of Mr El-Wahabi, who died alongside … Read more

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South Africa Timeshare industry set for major overhaul

The regulatory body which overseas timeshares in South Africa say that they are preparing a major renovate, after receiving thousands of complaints from unhappy consumers. The National Consumer Commission, which regulates consumer and business interaction, launched an inquiry in May 2017 to better understand the consumer impact of the timeshare and vacation ownership industry. Hearings were conducted over the course of six months and a panel of experts approved the recommendations, to correct structural and behavioural issues in the industry.

During the hearings, the panel heard a number of concerns raised by consumers, including the accumulation of points from vacation … Read more

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Drone attack at Gatwick

Tens of thousands of passengers are facing major upheaval after a drone attack grounded flights. Gatwick airport said 11,000 passengers on 760 flights were delayed when authorities noticed two devices flying over the perimeter fence. Gatwick closed its runway Wednesday night just after 9pm, when the drones were spotted, in what police say is a deliberate act of disruption. The runway briefly opened in the early hours of the morning, but closed again 45 minutes later when another drone was spotted. Police were unable to shoot the drone down because of the risk from stray bullets, but Gatwick officials … Read more

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Retired Couple Want Out Of Their Timeshare

A retired couple from Maine, USA say they spent thousands on a timeshare they have not been able to use. It’s the same old story, an gullible family spend their hard earned money in the hope of enjoying wonderful holidays promised to them by unscrupulous sales reps. By the time the ink is dry on their contracts, the disappointment begins.

The couple from Maine, purchased their timeshare in 2013 from InnSeason Resorts, who run an affiliation with RCI. They were promised a membership which would allow them to trade in their timeshare unit and use it to travel to resorts … Read more

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More Mis-sold Financial Products !

Solar Panels, The New Nightmare For Barclays !

Barclays may have to pay a £38.5 million bill to homeowners over loans taken out to fund solar panels which may have been mis-sold. Barclays Partner Finance is a subsidiary of the bank and has said it will put aside a fixed amount to settle customer claims for compensation. They have also employed the services of Legal advisers to review its liabilities in relation to the case.

It was revealed in May that solar sales agents had misled homeowners into signing up to loan agreements for solar panels. After a surge in … Read more

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