Lotto scam sees some elderly consumers lose life savings

There are many different scams in circulation at present, with the economic climate and recession having seen the number of scams in circulation rise and the number of people prepared to take a risk on these scams also increase. In many cases fraudsters that operate these scams target more vulnerable people such as the elderly, and this is what has been happening with a lottery scam that has seen some elderly consumers dwindled out of their life savings. Read more

Tags: Spamming, Social engineering, office of fair trading, Lottery scam, Lottery

Common scams to avoid

Scam artists and fraudsters have been around for centuries in some form or another, and in the past most have focussed their efforts on the more vulnerable people such as the elderly or low income people who are desperate for a way out of their situations. However, in the past few years scams have become more widespread and have resulted in a greater range of people being targeted. The global credit crisis has brought many fraudsters and scam artists out of the woodwork, and many are now using methods that are either very sophisticated or ones that are so simple and obvious nobody would think to question it. Read more

Tags: Scam letters, online scams, government agency, Spamming, Phone fraud, Lottery

More millionaires created from house price boom than from lottery

It has been revealed that a greater number of millionaires have been created in Britain as a result of the house price boom than as a result of the National Lottery. In fact, according to reports over the past decade and a half twenty times more millionaires have been spawned from the boom in property prices than through the luck of the draw in the National Lottery. The study was carried out by High Street bank HSBC as the nationwide prize draw celebrated its fifteenth year. Read more

Tags: property prices, money, Wealth, housing market, Lottery, property consultant, Millionaire, National Lottery

Government moves to help the indebted

It seems that the government has decided to take drastic measures in order to help those in huge levels of debt according to a recent report. Read more

Tags: debt help, Business Finance, investment, Insolvency law, Lottery, debt relief orders, report, economy

Elderly and indebted to be targeted by scammer

According to a recent report 2009 is a year that will see both the elderly and those with high levels of debt get targeted by scammers. Read more

Tags: Lottery, truth, office of fair trading, incomes, lottery scams