Identity theft on the rise

There was a large increase in the incidents of identity fraud that were reported during 2010 according to the UK Fraud Prevention Service CIFAS.  The results found a growth of 14% as compared to 2009.

In particular, the number of people who reported they were victims of impersonation in which a criminal takes on someone else’s [...]

Consumers need to be careful with identity theft protection companies

A new court ruling just made it a bit harder to fight against scams related to identity theft because the process of identity theft protection is now a bit more difficult than it already was with dozens of businesses making claims that they can protect you against fraud without the proper credentials.

Identity fraud expert, Joe [...]

European Union acts to protect investors against fraud

The European Union has unleashed new rules that will protect investors that lose money in investment schemes that are fraudulent and account holders that have money in banks that later collapse. The European Commission stated that the new rules aim to help restore consumer confidence in the midst of the financial crisis and fraud scandals.

The [...]

Keeley Hawes suffers identity theft while making drama about identity theft

Ashes to Ashes and Spooks star, Keeley Hawes, watched life imitate her role in the new ITV drama Identity as she became a victim of identity theft. The plot line of Identity involves an elite police unit that is in charge of crimes related to identity fraud, and the actor himself now is in the [...]

Credit card fraudsters go to jail

Four men have been jailed for a total of 15 years for their various roles in a credit card fraud operation. The longest sentence was given to Theogenes de Montford, at four and a half years, while his cohorts Usman Mahmood, Rajakumar Thevathasan, and Rashid Abdi Hassan will be placed in jail for three and [...]

County cracks down on scam artists

A campaign to help consumers across Derbyshire and in Gossip from fraudulent lotteries, fake prize draws, and get rich quick schemes is now being hailed as a success.

Earlier in the year council trading standards started the ‘scamnesty’ campaign in order to encourage residents to hand in all the scam flyers, leaflets, and letters they received [...]

Tens of thousands of share owners at risk of fraud

The Financial Services Authority has revealed that tens of thousands of savers are actually the target of an international share fraud.  The FSA stated that it found a ‘target list’ that contained the details of over 38,000 UK investors.

The list of investor details is being passed around to bogus share salesmen located overseas and in [...]

Amazon being forced to follow European consumer regulations

For those that have purchased an item from Amazon regardless of what it is, if the item failed within the last two years you have the right to demand repair or refund of the item according to the Guardian, everyone who purchases from Amazon.co.uk is covered by the Luxembourg consumer rights law due to its [...]

ID fraud on the increase

New figures show that the number of people who are victims of identity fraud has increased by about 20% during the first part of 2010, when compared to the first three months of 2009.  In fact, during the first three months of 2010 almost 27,000 people fell victim to a fraudulent activity.

Out of these people, [...]

Appeal against tobacco price fixing fines

Four companies have noted that they will appeal to the Office of Fair Trading against a price fixing finding that resulted in a total fine of £225m.

The OFT ruled this week that the two biggest cigarette manufacturers in the UK had unfairly arranged with retail chains and supermarkets to set prices for tobacco.

Imperial Tobacco manufacturer [...]