0121 555 7000

Call Us For Free Consultation

Facebook

Twitter

Search
 

Fraud

Mann and Co > Fraud

What Is Retirement Fraud, and How Can I Prevent It? 

Fraud is a rising problem in the UK, and pension scams can sometimes be hard to spot. Scammers can be personable and financially knowledgeable, and even have credible websites - making them harder to spot. How Do Pension Scams Work?  Scammers will contact people via phone, email or text, or may advertise online in small ads. They design attractive offers to entice users, usually with high interest rates or unachievable returns on investment. This money that is stolen may then be:  Invested in high-risk investments overseas  Invested in conventional products but with complex structures  Simply stolen and the scammer disappears  How Do I...

Continue reading

What is Identity Theft and How Can I Protect Myself?

Person in black hoodie behind computer sc

With the rise of online shopping and bank accounts, the number of Identity Theft cases are increasing. Here’s all you need to know, and how to protect yourself. What is Identity Theft?  This is when an individual pretends to be you to access money, credit and other benefits. To acquire this information, they will steal and use your personal information, which may include bank account number.  Once identity thieves have your personal information, they can use it to make purchases, impersonate you to commit a crime and clear out your bank account - which can all do long term damage.  How can I Protect...

Continue reading

Holiday Fraud and How to Avoid It

Hand picking up passport and packing suitcase

Fraud can result in weeks and months of legwork to put right, as well as high inconvenience associated with putting things right. Holiday fraud can also have the emotional trauma related with it, as not only have you lost your money, but the disappointment of missing out on a break that you’ve been looking forward to. Every year, thousands of people fall victim to holiday fraud - whether it be related to accommodation, flights or entire holidays. They can fall victim to fake online advertisements, emails and phone calls - and what’s more, these advertisements may sometimes appear on legitimate websites....

Continue reading

What is POCA?

Gold Scales of Justice with man reading book in background

POCA stands for the Proceeds of Crime Act which was first implemented in 2000. This is a law in relation to the recovery of criminal assets, that can be obtained without all parties in the case being present, including the Defence. Who Imposes POCA? These orders can be imposed by the investigating authorities on your assets, which will freeze them. Any money earned as a result of, or in connection with, an offence can be recovered under the Proceeds of Crime Act 2002. The crown court must consider making a confiscation order if: The defendant is convicted of an offense...

Continue reading

What is First, Second and Third Party Fraud?

Fraud logo red stamp

Fraud is a wide subject, and there are actually 3 different varieties of fraud: First, second and third party. So what is the difference between all 3 of them? Different Types of Fraud: First Party Fraud This is where an individual or group of people misrepresent their identity or give false information. This may be done when they are applying for a product or service, and is done with the aim of getting more favourable rates. Unfortunately, this may also be done when they want to make a false claim against an insurer to obtain a payment. Examples of First Party...

Continue reading