Hard Economic Times Mean Fraud Is On The Increase

 
 

Young Man Sat At A Table With His Head In His Hands

 
We all dream of winning money on the British National Lottery or on the Euromillions prize draw and some unscrupulous operators play on this by sending out emails, texts, and letters or calling us on the telephone telling us we have won money. Unfortunately all they want is our personal details or for us to send them money.

A recent report from the British Citizens Advice Bureau shows that the harder economic times are persuading more and more people to send out scam correspondence in the hope of getting some easy money. Sadly, their schemes work all too often, causing embarrassment, financial hardship and stress to their victims.

A study from the Office of Fair Trading quoted in the CAB report tell us that lottery scams cost the British public £260 million each year with around 140,000 victims suffering. Separate data shows a further £60 million is raised from another 380,000 victims over other scams defined as prize draw or sweepstake fraud.

We have to be vigilant to ensure these scammers do not manage to get the better of us. The reality is if it seems too good to be true then it probably is – walk away.

Remember a scammer’s email will always look very inviting.

The frauds will not only offer you a supposed British National Lottery or European prize draw jackpot, they take many forms. Read the CAB report to find out more and how to stay away from these scams.