Frauds

Islanders are being reminded to remain vigilant when looking for love online this Valentine’s Day. Romance fraud is when someone creates a fake identity with the intention of entering into a relationship to steal funds or personal information from the victim.

https://www.itv.com/news/channel/2019-02-14/islanders-are-being-warned-about-romance-fraud-this-valentines-day/

Join Finextra, OneSpan and industry experts for our webinar on 12 March 2019 at 15:00 UK time as we discuss the four key components of protection against account takeover fraud.

Ireland will remain the “fraud tourism” capital of Europe because there are no “credible repercussions” for those caught making fraudulent injury claims, defence litigation solicitor Sarah Dick has claimed.

https://www.irishlegal.com/article/blm-warns-that-ireland-will-remain-fraud-tourism-capital-of-europe-without-government-action

A former estate agent has appeared in court charged with fraud by abuse of position.

https://www.propertyindustryeye.com/former-estate-agent-in-court-charged-with-fraud/

WOMEN have been warned to be wary of “internet romance scams”, as it was revealed that female victims lost an estimated £39 million last year after being duped by criminals.

https://www.easterneye.biz/female-victims-conned-out-of-twice-as-much-money-as-men-in-romance-scams/

The egg industry is calling for stronger deterrents for food fraud following the news that a Dutch egg trader convicted of fraudulently selling contaminated eggs as fit for human consumption has been fined just £26,000.

https://www.farminguk.com/news/Stronger-deterrents-needed-for-food-fraud-crimes-egg-industry-says_51323.html#.XGdCdsbvopI.twitter

A dating fraudster has revealed how they were able to take advantage of people looking for love online by creating fake accounts, obtaining information from social media profiles and building trust.

https://www.actionfraud.police.uk/news/confessions-of-a-dating-fraudster

Scammer was sentenced after setting up fake companies and buying fraudulent fleet policies worth £60,000.

Action Fraud has revealed £50.7m was lost to romance fraud in 2018 – an average of £11,145 per victim and a 27 per cent increase on the previous year.

https://www.ftadviser.com/investments/2019/02/11/fauxmance-fraud-scales-heights-of-investment-fraud/

Action Fraud is warning the public to spot the signs of romance fraud ahead of Valentine’s Day.