Tag Archives: awareness

Watch out for legal and financial scams, warns Citizens Advice Ipswich

People need to be on their guard against financial and legal scams. Ipswich Citizens Advice is showing people how to spot scams as it launches Scams Awareness Month.

A total of 1200 financial and legal scams were reported to the consumer service in the year ending April 2018 – a 6% increase on the year before.

The median loss for these scams was £330.

A range of investments scams were reported to the consumer service, including:

Cryptocurrency – Fake websites claim to offer cryptocurrency investments, like Bitcoin. Often, scammers will pretend that household names have endorsed the company to give it some legitimacy.

Binary options – Scammers pose as stockbrokers and get you to place bets on whether phoney shares will rise or fall within a certain date. They’ll promise big returns. You should check if they are on the FCA Register and not on the warning list of firms to avoid

Holiday timeshares – Scammers promise to buy your membership off you for an advanced fee.

Bogus solicitors – A scammer will intercept emails from a legitimate solicitor and pose as them. Scammers often strike when a property is being exchanged on and get the funds diverted to their bank account instead. Check if they are on the Solicitors Regulation Authority to see if they are genuine.

Nicky Willshere, Chief Executive of Citizens Advice Ipswich, said:
“Scammers can make for convincing white collar professionals, especially online, and are skilled at persuading people they are legitimate.

“The stakes are high with financial and legal scams as you can end up losing your savings or pension fund, which can put your long-term financial stability at risk.

“When you get approached about any investment, don’t rush into anything without making sure it’s legitimate first, particularly when you’re contacted out of the blue.”

To help stop more people being fleeced by these types of scams, Citizens Advice Ipswich is sharing tips on how to spot them:

  • Be suspicious if you’re contacted out of the blue, even if it’s from a name you recognise
  • Don’t be rushed – you never need to make a decision straight away
  • If it sounds too good to be true it probably is
  • Never send money to someone you have never met
  • Never give out your bank details unless you are certain you can trust the person contacting you
  • Walk away from job ads that ask for money in advance
  • Genuine computer firms do not make unsolicited phone calls to help you fix your computer
  • Suspect a scam? Hang up, wait five minutes to clear the line or use another phone to call
  • Persuasive sales patter? Just say: “No Thank You”
  • Don’t suffer in silence – speak out about scams

Citizens Advice Ipswich will be at a number of events through the month of June to help people understand what sorts of things to be aware of.

We will be at Whitton Dog Show – a Fun Dog Show, Castle Hill Park, Congreve Road, Ipswich, on Saturday 9 June. The show starts at 10:30 am and we will be there for the morning and early afternoon. Anyone who comes along can bring their dog and enter into the event as well.

We are also taking part in a session with Ipswich Building Society on Tuesday 5 June.

Ipswich Citizens Advice and Suffolk Trading Standards set to expose tactics used by scammers

scam awareness

Cold calls, high-pressure sales tactics and automated voicemails asking for people’s details are just some of the tricks scammers are using to rob people of their hard earned money, says Citizens Advice and Suffolk Trading Standards.

The organisations are launching Scams Awareness Month on 1 July to help stop people falling prey to scams by following a three-step rule – get advice, report it, and tell others about it.

Fraud victims pay a heavy price, losing billions of pounds every year. Scams targeting people by phone or post alone cost people in the UK an estimated UK £5 billion each year.

Ipswich Citizens Advice will be out and about in the town centre over the coming month helping people gain the skills to stop scams in their tracks, by taking logical steps to learn how to spot a scam, however it is presented.

At our stalls, people will learn the tell-tale signs of fraud, from being made an offer that’s too good to be true, to being rushed into signing on the dotted line.

Informing the authorities and warning others is the only sure fire way of stopping scams, but people can be hesitant to even tell their friends and family.

Ipswich Citizens Advice volunteers will also show how speaking up about a scam is key to getting them closed down, and how to go about reporting suspected fraud to the authorities.

Nicky Willshere, Chief Executive of Ipswich Citizens Advice said:

Scams come in a variety of guises and we see new ones emerging all the time.

However, there are common hallmarks to every scam and we’re keen to show people what to look out for so they don’t fall prey to a fraudster.

Reporting suspicious offers and incidents of fraud is vital to getting scams closed down. If you think you’ve been contacted by a con artist or have been the victim of scam, seek advice and report it to the authorities.

Lesley Crompton, Scams Lead Officer from Suffolk Trading Standards said:

Scams are more common than most people realise and every day we hear from people who have lost money to a con-artist.

Some scams are one-offs that persuade you to part with a lump sum, while others go after your personal details so they can access your money or copy your identity.

We’re asking people to help us tackle scams throughout Suffolk by getting to know the common signs, warning others, and reporting incidents to us so we can investigate.

Come and visit us at our stalls in the town centre.