•   
  •   

UK News Almost £10m has been lost to investment scams since March lockdown

14:20  28 november  2020
14:20  28 november  2020 Source:   uk.finance.yahoo.com

Drivers slam Boris Johnson's 'Stalinist' order to ban new petrol cars

  Drivers slam Boris Johnson's 'Stalinist' order to ban new petrol cars The PM today heralded a 'green industrial revolution' as he launched a ten-point, £12billion plan for the environment, saying it could create 250,000 jobs and slash the country's carbon emissions.The PM heralded a 'green industrial revolution' as he launched a ten-point, £12billion plan for the environment, saying it could create 250,000 jobs and slash the country's carbon emissions.

This was done in real time, during election night, which also explains why election counting was PedeInspector explains how he wrote a script to detail all the instances of votes being lost or Trump has fired former Defense Secretary Mark Esper and is cleaning house at the DoD in order to get the

This makes the Great Lockdown the worst recession since the Great Depression, and far worse than the Global Financial Crisis. For the first time since the Great Depression both advanced economies and emerging market and developing economies are in recession.

Nearly £10m ($13.3m) has been lost to sophisticated “cloning” investment scams since the UK lockdown began in March, new data has revealed.

a close up of a newspaper: UNITED KINGDOM - 2020/08/19: In this photo illustration, a collection of British ten and twenty pound sterling banknotes are displayed. (Photo Illustration by Dinendra Haria/SOPA Images/LightRocket via Getty Images) UNITED KINGDOM - 2020/08/19: In this photo illustration, a collection of British ten and twenty pound sterling banknotes are displayed. (Photo Illustration by Dinendra Haria/SOPA Images/LightRocket via Getty Images)

More than 200 British retail investors were affected by the scam as fraudsters cloned genuine investment management companies’ products, websites and documentation, according to the Investment Association (IA).

The trade body added that scammers then promoted fake products on sham price comparison websites and adverts on social media and search engines.

Christmas COVID rules to be set out 'as we approach 2 December', says minister

  Christmas COVID rules to be set out 'as we approach 2 December', says minister The government will set out what coronavirus restrictions might be in place for Christmas over "the next few days", a cabinet minister has told Sky News. England's second national lockdown is due to end on 2 December, with the government having promised another tiered system of rules - depending on local infection rates - to replace it.The UK government and the devolved administrations in Scotland, Wales and Northern Ireland are also in talks over what COVID-19 measures should be in place over Christmas.

The ‘Stop the New Normal’ march was organised by the anti- lockdown activist group Stand Up X and was one of the largest rallies against the government’s coronavirus restrictions since the beginning of the lockdowns in March . The large scale act of civil disobedience followed more restrictions being

After almost two months of lockdown , No 10 aides felt that his Sunday night televised address Superdrug is the first high street retailer to announce it will be selling a coronavirus antibody test to the Police in Bogota have begun using drones to detect people with high temperatures and to catch

Losses added up to £9.4m between March and mid-October, with the total number of reported incidents of scams nearly quadrupling from approximately 300 in July to 1175 in October.

The IA has urged investors to be as vigilant as possible to protect their investments. Anyone who suspects fraudulent activity should follow the advice of the National Crime Agency, it said.

Chris Cummings, chief executive of IA, said: “In a year clouded in uncertainty, organised criminals have sought opportunity in misfortune by attempting to con investors out of their hard-earned savings.

“The investment management industry is working closely with the police and regulators to stop these scams, and is collaborating with our partners in government to close them down and prevent them being advertised in the first place.”

Shoppers flock to Edinburgh's city centre while Glasgow is deserted

  Shoppers flock to Edinburgh's city centre while Glasgow is deserted As of 6pm last night, two million Scots were plunged into a draconian Level Four lockdown meaning non-essential shops had to shut. But Edinburgh is in Level Three meaning shops can stay open.Yes, apart from a small number of exemptions.

Cyprus has announced partial lockdowns in the towns of Limassol and Paphos to curb a surge in Covid-19 cases. The island had largely kept a lid on the pandemic by introducing an early lockdown in March that was gradually eased from early May.

Lockdown is the world's biggest psychological experiment - and we will pay the price. Among quarantined hospital staff, almost 10% reported “high depressive symptoms” up to three years after Reasons for stress abound in lockdown : there is risk of infection, fear of becoming sick or of losing

He added: “Fraud and scams come in many different disguises. That’s why, as we approach the festive period, we urge savers and investors to be as vigilant as possible to protect their investments and think very carefully about the risks of fraud when making investment decisions.”

READ MORE: Money scams rise in UK as fraudsters exploit COVID-19 pandemic

Earlier this month Britain’s Action Fraud warned that total reported losses from all types of investment fraud came to £657m between September 2019 and September 2020, a rise of 28% from a year prior.

The number of reports jumped between May and September after the UK’s first national lockdown, the national fraud and cyber crime reporting centre added.

The National Crime Agency has issued the following advice:

Stop: Taking a moment to stop and think before parting with your money or information could keep you safe.

Challenge: Could it be fake? It’s ok to reject, refuse or ignore any requests. Only criminals will try to rush or panic you.

Protect: Contact your investment manager immediately if you think you’ve fallen for a scam and report it to Action Fraud. Speak to your bank as soon as possible if you believe you have transferred money to a scam.

Watch: What are negative interest rates?

The great fake job scam: As 25,000 High Street workers face the axe, our troubling investigation exposes the most callous fraud of all .
Cynical fraudsters are seeking to cash in on the growing panic among those looking for work by flooding the recruitment market with fake job advertisements. © Provided by This Is Money MailOnline logo Their aim is to lure job-seekers into parting with hundreds, or even thousands, of pounds for bogus courses, dud criminal record checks and a host of other fraudulent services.Or they try to trick them into handing over personal details that they can use to drain their bank accounts.

usr: 0
This is interesting!