Frauds

A “relentless fraudster” who pocketed £2.3million in a cold-calling scam that saw elderly people lose their retirement funds has been jailed for nine years. Conman Clint Canning and his wife Eleise Wallace lived a “lavish lifestyle” enjoying luxury holidays and buying expensive watches, Southwark Crown Court heard.

https://www.coventrytelegraph.net/news/uk-world-news/relentless-fraudster-pocketed-23m-cold-26154306?utm_source=twitter.com&utm_medium=social&utm_campaign=sharebar

A bogus travel agent who conned hundreds of holidaymakers in a £2.6m scam has been jailed for nine years.

https://www.bbc.co.uk/news/uk-england-tyne-64510731

Five people have been convicted by the Tribunal Judiciaire de Bordeaux for their part in a huge scale wine fraud that saw nearly 35,000 hectolitres of Spanish wine passed off as French and even of Bordeaux appellations.

https://www.thedrinksbusiness.com/2023/02/suspects-convicted-by-court-in-major-bordeaux-wine-fraud-case/

TSB found that 51 to 65-year-olds spent by far the most money on their ‘relationships’, meaning this age group accounted for 46% of financial losses.

https://www.expressandstar.com/news/science-and-technology/2023/02/02/51-65-age-group-accounts-for-nearly-half-of-money-lost-to-romance-fraud/

The crime, known as ‘Courier Fraud’, has seen elderly victims hand over thousands of pounds in cash after being told they must cooperate with an undercover police investigation into their bank.

https://westbridgfordwire.com/nottinghamshire-residents-urged-to-be-vigilant-following-spike-in-courier-frauds/

Why trustworthy older adults are victims, and how we can help.

https://www.psychologytoday.com/gb/blog/bouncing-back/202301/10-tips-to-stop-elder-fraud-before-it-happens

Darren Rigden Partner, head of food and beverage at Crowe, shares how food fraud affects the food industry post-pandemic and the technological solutions

https://www.specialityfoodmagazine.com/retail/exploring-food-fraud-in-the-new-normal

Cybercriminals are increasingly using fake job ads to persuade jobseekers to share their personal information – and sometimes part with money – to secure their ideal roles

https://www.raconteur.net/risk-regulation/job-scams-fraud-hybrid-hiring/

Lloyds Bank has sent out a warning to customers after a rise in the number of ‘advance fee’ scams it has seen in the last year.

https://www.yourmoney.com/news/lloyds-bank-issues-urgent-warning-as-advanced-fee-fraud-rises-82/

According to research, on average, retailers receive around 16% of items purchased back as a return. The NRF (National Retail Federation) says retailers are losing around 10% of the price of returned items to fraud. It’s costing retailers billions globally.

https://internetretailing.net/guest-comment/guest-comment-fraud-as-a-service-the-underground-network-causing-havoc-with-retailers-return-policies/