Frauds

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/

As loved up couples prepare to celebrate their relationships on Valentine's Day, police have issued a warning to help protect people from romance frauds.

https://uk.sports.yahoo.com/news/lancs-police-warn-online-daters-163000507.html/

Back in 2002, the fraud losses related to eCommerce fraud on UK-issued debt and credit cards amounted to 28 million pounds. Decades later, that number continues to skyrocket, with the annual losses hitting 376.5 million pounds as of 2020.

https://www.finextra.com/blogposting/23292/how-to-reduce-online-payment-fraud-without-adding-too-much-friction

The trade is being urged to be on its guard as firms report increasing levels of fraudulent enquiries during the peak sales period.

https://www.travolution.com/news/travel-sectors/travel-agents/agents-urged-to-cooperate-with-anti-fraud-group-amid-epidemic-of-attacks/

One of the country’s oldest fugitives - who went on the run to Berlin before she was sentenced for a £600,000 care package fraud - is believed to have died.

https://www.itv.com/news/anglia/2023-01-19/600k-benefit-fraudster-dies-while-on-the-run-in-germany

Two men have been found guilty of murdering a 71-year-old businesswoman in £4.6 million scam to plunder her life savings.

https://www.centralfifetimes.com/news/national/23263035.men-guilty-murdering-businesswoman-4-6m-property-fraud/

A new report shows minors are the best targets for 'synthetic identity fraud'—and their credit could be corrupted before they reach adulthood.

https://uk.pcmag.com/security/144933/check-your-kids-credit-frankenstein-fraud-is-on-the-rise

Police officers investigating a courier fraud scam which saw a woman in Shrewsbury defrauded out of £6,000 have arrested three men in connection with the incident.

https://www.shropshirelive.com/news/2023/01/13/three-arrested-after-courier-fraud-scammers-target-elderly-shrewsbury-resident/

Romance fraud occurs when you think you’ve met the perfect partner online, but they are using a fake profile to form a relationship with you.

https://crimestoppers-uk.org/keeping-safe/fraud/romance-fraud

A south-London church leader says he only has a £400-a-month allowance despite having access to thousands in assets.

https://www.expressandstar.com/news/uk-news/2023/01/13/preacher-convicted-of-bogus-covid-cure-fraud-claims-he-cant-afford-fine/