In a previous post, I highlighted that mass marketing fraud against individuals cost the UK economy £3.5 billion in 2011, that is ten time more than the cost of plastic card fraud in the same year, or equivalent to the total fraud losses incurred by the financial services sector in the same period! Sobering perpective, don't you think? We all know that mass marketing fraud is where criminals aim to defraud multiple individuals to maximise revenue by persuading victims to
transfer monies in advance in exchange for
promised goods, services or benefits. And we all know that this is usually done via mass-communications media (such as telephone calls, letters, emails and text messages) and ranges from foreign lottery/ sweepstake frauds through to ponzi schemes and romance frauds or any other abuse of trust... So, we all know better, don't we?...
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Showing posts with label mass marketing fraud. Show all posts
Showing posts with label mass marketing fraud. Show all posts
9 April 2012
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