More than half of scam victims still being refused refunds despite banks’ pledge for fairness

More than half of scam victims still being refused refunds despite banks pledging to treat customers more fairly By Amelia Murray Money Mail Chief Reporter For The Daily Mail Published: 23:02 GMT, 18 March 2020 | Updated: 23:02 GMT, 18 March 2020 More than half of scam victims are still being refused refunds despite banks … Read more

Scam code hands back £41m to victims but losses grew to £456m in 2019

Blameless fraud victims were handed back £41.3million by banks in the second half of last year, new figures reveal, as the percentage winning back some money doubled.  But in a sign of the mounting risk to people’s finances losses to bank transfer and impersonation scams rose 29 per cent last year to £455.8million. The introduction of … Read more

SMALL CAP MOVERS: Lekoil value plunges by two-thirds as it falls victim to investment scam

SMALL CAP MOVERS: Lekoil value plunges by two-thirds as it falls victim to investment scam By Calum Muirhead At Proactive Investors For Thisismoney Published: 12:15 GMT, 17 January 2020 | Updated: 12:15 GMT, 17 January 2020 Junior oiler Lekoil was the major story on AIM this week with its value dropping by around two-thirds after … Read more

Fraud fund to pay back bank transfer scam victims extended again

Fraud fund used to pay back blameless scam victims extended AGAIN as squabbling banks can’t decide on a long-term solution Seven banks including the UK’s biggest names have been funding a central pot This was initially due to run out at the end of 2019 and be replaced Banks cannot decide on a long-term solution … Read more