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Money Box

MBL: Fraud

Money Box

BBC

Business

4.2804 Ratings

🗓️ 3 February 2021

⏱️ 28 minutes

🧾️ Download transcript

Summary

Fraudsters and scammers are always finding new ways to part you from your money, pressurising you to make a hasty decision or tricking you into sharing personal information.

Fake investment firms took around £78m from UK consumers last year according to fraud reporting centre Action Fraud and now warnings are being given about Covid-19 vaccine scams.

On Wednesday's programme Adam Shaw and guests will look at how to spot financial fraud and what to do if you've been taken in by these convincing criminals.

We'd love to hear your questions and experience so e-mail [email protected] now.

Presenter: Adam Shaw Producer: Diane Richardson Editor: Rosamund Jones

Transcript

Click on a timestamp to play from that location

0:00.0

In Northern Ireland, from the late 70s to the early 90s, the IRA killed over 40 alleged informers.

0:08.0

But the man who often found, tortured and sometimes killed these people on behalf of the IRA

0:12.0

was himself an informer, a secret British army agent with the codename Stakeknife.

0:18.0

Who gets to play God? And why me? Why my family? When lies are still being told to this day,

0:24.0

who do you believe? I wouldn't even know where to start and I'm with the IRA.

0:28.5

Steakknife. Listen first on BBC Sounds.

0:33.5

BBC Sounds, music, radio, podcasts. Welcome to the download of Moneybox Live, the programme about your money.

0:42.0

Fraudsters have been taking advantage of the COVID crisis and the national lockdown

0:45.7

with new scams and adapting all tactics to take advantage of those spending more time at home

0:51.7

and feeling vulnerable.

0:53.5

Her report only yesterday from Barclay's Bank

0:55.6

claimed that fraudulent activity rose by more than 66% in value from July to December.

1:02.7

The kind of frauds range from pretending to be an investment company

1:05.9

in stealing people's savings to new versions of old cons

1:09.8

which trick people into giving away their personal data,

1:13.1

which is then used to access their accounts. Many of the thieves are very convincing and you don't

1:18.5

have to be silly to be trapped by them. So this is something we all have to be aware of. In today's

1:24.6

Moneybox Live, we look at the scams, old and new, and discuss the steps we

1:28.8

can all take to avoid being caught out. The national COVID crisis has unfortunately opened

1:34.9

new doors for the criminals, so let's go to Chris on the phone to tell us her experience. Chris,

1:40.3

what happened to you? Good afternoon. On the Friday to 22nd of January, it was 1934 in the evening.

1:51.6

I received a text telling me that I had a refund from HMRC.

...

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