How scam artists are robbing us of pound(s)3.5bn

The average amount lost by victims is pound(s)850. The Office of Fair Trading (OFT) report into mass-marketed scams in the UK provides the first detailed analysis of the financial impact and harm caused by such scams.The survey found that nearly half of the UK adult population has been targeted by a...

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Bibliographic Details
Published inBelfast telegraph
Main Author McIlwaine-Biggins, Fiona
Format Newspaper Article
LanguageEnglish
Published Belfast Independent News & Media 24.12.2006
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Summary:The average amount lost by victims is pound(s)850. The Office of Fair Trading (OFT) report into mass-marketed scams in the UK provides the first detailed analysis of the financial impact and harm caused by such scams.The survey found that nearly half of the UK adult population has been targeted by a scam.It says that every year one in 15 people (3.2 million adults) in the UK fall victim to a scam involving deceptive unsolicited mailings, phone calls or emails.The research suggests that consumers lose around pound(s)1.2bn every year to bogus holiday clubs, pound(s)490m to high-risk...
ISSN:0307-5664