Scam Victims Lose More Than £1,000.00 Each To Fraudsters – SCARS|RSN™ SCAM NEWS

/Scam Victims Lose More Than £1,000.00 Each To Fraudsters – SCARS|RSN™ SCAM NEWS

Scam Victims Lose More Than £1,000.00 Each To Fraudsters – SCARS|RSN™ SCAM NEWS

SCARS|RSN™ SCAM NEWS: Scam Victims Lose More Than £1,000.00 Each To Fraudsters

Some Victims Of Pension Have Lost More Than £1m In Savings Each To Fraudsters, New Statistics Have Revealed.

Intelligence gathered by members of the multi-agency Project Bloom group, which was set up to tackle , has found some people who had managed to put away more than £1m have lost their retirement funds to criminals.

New data reveals that two people have reported that they have lost the seven-figure sums. However, as it is believed that the majority of scam victims never contact the authorities, this total may only be a fraction of the total number of people who have handed over such large pension pots.

On average, victims of pension scams lost £91,000 each to fraudsters in 2017. They reported receiving cold-calls, offers of free pension reviews and promises that they would get high rates of return – all of which are key warning signs of scams.

A ban on pension cold calling came into force earlier this month. Firms who break the rules could face penalties of up to half a million pounds.

Research conducted by the Financial Conduct Authority highlights that a large proportion of pension holders consider themselves to be too savvy to be scammed.

Nicola Parish, TPR’s Executive Director of Frontline Regulation, said:

“Victims of scams are often traumatised by what has happened to them and many inevitably are left questioning how they are going to afford to retire.

“The average loss of a victim is £91,000 but these Action Fraud reports show that people can also lose much, much more.

“However large your pension pot, you must be vigilant and able to spot and avoid a scam.”

Pauline Smith, Director of the U.K. Action Fraud, said:

“These statistics prove that the consequences of falling victim to a pension scam can be devastating.

“Victims can lose their life savings and are left facing retirement with little or no income.

“This is why it’s so important that you are vigilant if you receive an offer about your pension out of the blue and that you check who you are dealing with.

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SCARS the Society of Citizens Against Relationship Scams Incorporated

RSN™ Team
A SCARS Division
Miami Florida U.S.A.

TAGS: , Scams, , , Pension Scams, , , Action Fraud, , U.K.,

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FAQ: How Do You Properly Report Scammers?

It is essential that law enforcement knows about scams & scammers, even though there is nothing (in most cases) that they can do.

Always report scams involving money lost or where you received money to:

  1. Local Police – ask them to take an “informational” police report – say you need it for your insurance
  2. Your National Police or FBI (www.IC3.gov)
  3. The Scars Worldwide Reporting Network HERE or on www.Anyscam.com

This helps your government understand the problem, and allows law enforcement to add scammers on watch lists worldwide.

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Visit our NEW Main SCARS|RSN Facebook page for much more information about scams and online crime: www.facebook.com/RSN.Main.News.And.Information.Home.Page

 

To learn more about SCARS visit www.AgainstScams.org

Please be sure to report all scammers HERE or on www.Anyscam.com

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SCARS/RSN™ RomanceScamsNow.com™™ is the official News Magazine of the Society of Citizens Against Relationship Scams™ Incorporated [SCARS]™ It is edited and published by the SCARS/RSN Team, a division of SCARS. SCARS is the world's leading anti-scam charitable nonprofit nongovernmental organization, based in Miami Florida U.S.A. Its founder has been involved in combating online fraud since 1991. SCARS™ - the Society of Citizens Against Relationship Scams Inc. is a charitable nonprofit nongovernmental organization (NGO) dedicated to advocating victim's causes and changing government and law enforcement attitudes toward online fraud for good! Please join us in becoming a member of SCARS - it's free! Add your voice so that the world will listen at last - just go to www.AgainstScams.org. The SCARS/RSN website and all of our publications (including social media) are maintained by our own staff employees and volunteers to provide you the most up to date information about scams & scammers from around the world. We show you how to avoid them or recover from them. SCARS is the only registered online crime victims' assistance & support organization in the world. Be sure to report scammers here. Also, visit our main Facebook page for more information about romance scams.

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