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Ex–Barclays bosses charged with fraud

Four former Barclays Bank senior bosses have been accused of disguising and hiding £322 million payment during 2008 financial crisis. The Serious Fraud Office have charged John Varley and Roger Jenkins with conspiracy to commit fraud. The other executives charged are Thomas Kalaris and Richard Boath and all four appeared in Southwark Crown Court in London after an investigation into the bank finding financial alternatives to a government bailout following the financial global crisis in 2008.

Edward Brown QC for the prosecution told the jury that by the summer of 2008, Barclays were under extreme pressure to raise capital and … Read more

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Fake holiday scammers stole £600 rent money

A young woman from Cambridge had £600 stolen from her bank account after she entered her details on a fake holiday booking site. Alex Roberts found a cheap packaged deal for a trip to the Maldives for just £700, which included flights. The deal seemed like an opportunity she could not miss and began to fill in her personal information, but her suspicion was aroused as the deal seemed too good to be true. Instead of confirming the payment, Alex closed the browser, however, days later noticed £600 had been taken from her bank account.

Alex spoke to the Sun … Read more

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Scammers Threatening victims With Jail

Police in Derbyshire are warning residents that scammers are operating in the area again, this time posing as HMRC officials. The police have taken the step to warn residents after numerous reports were made and one victim reported having lost nearly £2,000.

The fraudsters have been telling victims they could be arrested or prosecuted at court, because of unpaid taxes they didn’t know they owed. They then go on to tell their victims that they can avoid being prosecuted if they pay the balance via a bank transfer or by handing over gift cards.

Some of the victims have reported … Read more

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Hilton Grand Vacations Plan New Resort In Maui

Hilton Grand Vacations is planning a new Resort on the island of Hawaii and is expected to be completed in 2021, according to Hilton News Release.

Maui Bay Villas will be set on 27 acres and consist of 388 timeshare units which includes, one, two and three bedroom suites. Amenities will include a clubhouse and restaurant, fitness centre, food market and large pool with beachfront views.

Sales are expected to begin at the beginning of 2020. President and CEO of Hilton Grand Vacations said: “Our customers consistently rank Maui as one of their requests for growing our portfolio of resorts, … Read more

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Retailers advertising real fur as Faux Fur

Clothes shops have been selling real fur, but advertising it as fake. After an investigation by the Advertising Standards Authority discovered this practice was Pervasive, they have ordered retailers to stop immediately. The agency has given retailers a deadline of 11 February to change their ways or face punishment.

Why would a retailer advertise fur as fake?

Often a retailer has been mis-led somewhere in their supply chain, but the Advertising Standards Authority, say this is not an excuse. They say the companies need to take charge of this and make sure they are not mis-leading their consumers.

Miles Lockwood, … Read more

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Animal Lovers Warned Over Fraud Scheme

Future pet owners are being warned about a new online fraud that has scammed victims out of £3 Million.

Action Fraud has issued a warning that between March 2012 and April 2018, 5066 reports were made to the National Fraud and Cyber Crime Reporting Centre. Victims reported losing £3,129,273 during this time, an average of £40,640 per month.

Director of Action Fraud, Pauline Smith said: “Fraudsters are taking advantage of people looking for pets online, often to bring into their family. When a person falls victim to this fraud, the distressed and financial loss caused can be huge and … Read more

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The WhatsApp Scam

The ‘WhatsApp Gold’ scam, which has being doing the rounds since 2016, has surfaced again in the form of a new message.

Action Fraud is warning consumers of another WhatsApp scam being circulated by fraudsters again. In the message, it is claimed that there is a video which will be launched called ‘Martinelli’. The video itself is a Prank and does not seem to exist. The message also warns of links being sent out to sign up for ‘WhatsApp Gold’.

Previous versions of ‘WhatsApp Gold’ messages have included promises of free flights and ‘exclusive’ access to Improved features such as … Read more

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Scammers Targeting University Students

Thousands of fraud reports have been received by the tax authority from students at university and colleges across the UK. Fake emails, which use university addresses in a bid to appear authentic , may tell people that they are owed money and encourage them to send their personal details. The recipient’s name and email address may be included several times within the email itself and the email will include links that redirect the recipient to websites where their data is stolen. The emails often spoof the branding of HMRC, Gov.UK or credit card branding.

Director of Action Fraud, Pauline … Read more

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12 Years In Jail For Timeshare Fraudster

Kristopher Chavez has been convicted by jury, of one count of violating the Colorado Organised Crime Control Act, one count of theft of an at-risk elder, and 19 counts of felony theft.

According to the initial indictment from December 2016, Chavez operated a timeshare fraud scheme from 2014 to 2016. He would contact timeshare owners from across the U.S, most of whom were elderly and vulnerable. He would invite them to a local hotel and would offer to transfer their timeshare ownerships over for a onetime fee. Once payment was made, Chavez would transfer the title out of their name … Read more

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Action fraud Warn About Pension Scammers

Action Fraud have released a statement saying that organised criminal groups led by married couples and families are scamming pension holders to the tune of millions of pounds.

Action Fraud say criminal investigations involving regulators, government agencies and police forces are currently ongoing into a number of these gangs. In some cases, the fraudsters have hired fraudulent financial experts with pension experience to run large-scale scams. The fraudsters would not be able to run these scams without the insider knowledge of fraudulent experts.

Victims report receiving cold-calls, offers of free pension reviews and promises of high returns. However a ban … Read more

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