Inheritance fraud is when you are told that someone very rich has died and you’re in line to receive a huge inheritance.

Usually, a fraudster claiming to be a lawyer or some other legal official overseas sends you an email or a letter telling you that a person sharing your family name has died and left behind a vast amount of money.

They are administering the inheritance and have been unable to identify any of the dead person’s relatives so the money will go to the government. However, because you have the same family name as the deceased, the fraudster suggests that they can pay you the inheritance and you could split the money between you instead; emphasising the need for secrecy and to act quickly.

However, there is no inheritance, it is a fraud!

If you respond to the fraudsters, they’ll ask you to pay various fees – eg taxes, legal fees, banking fees etc. – so they can release your non-existent inheritance. Each time you pay, they will ask you for further payments to release the non-existent inheritance, giving reasons why the fees must be paid upfront. Reluctance to pay is responded to with reminders of how the inheritance is so much more than the fees being paid.

The fraudsters may also ask for your bank details so they can pay the inheritance directly into your bank account. But, if you hand over your bank details, the fraudsters can use them to empty your account.

Croydon Trading Standards have received a report of a resident who has fallen victim to such a scam. Contacted by fraudsters claiming to be in America, she was told that her late husband had left a huge inheritance in the USA bequeathed to her, but that she would need to pay various fees in order to release the money to be paid to her.

Her husband had never been to the USA. It is thought that she may have sold her home to cover the various payments that she has been asked for, which so far are understood to amount to over £100,000.

Preying on people’s vulnerabilities and current hardship, this type of fraud is very real and really does happen.

If you become aware of or think that someone has fallen victim to inheritance frauds, please report the matter to the Citizen’s Advice Consumer Service on 0808 223 1133 (Minicom users should call on 08451 281384) 09:00 – 17:00 Monday to Friday, excluding bank holidays and public holidays.

Don’t be taken for a mug!

With days to go until the coronation of King Charles III, Croydon Trading Standards are warning consumers to be wary of those who are looking to capitalise on the event.

Scammers and fraudsters are very adept at adapting their techniques to particular events and the Coronation is proving to be no different. Websites selling commemorative items such as mugs, plates and coins other coronation memorabilia, will often deliver sub-standard items or nothing at all.

Many of these websites are also insecure, meaning any data entered into them – such as credit or debit card information, addresses and usernames – can be easily harvested and sold onto third parties who will target individuals in the future.

Consumers are advised to stick to official merchandise sites, but even those can be impersonated by fraudsters, so check things such as fonts, grammar and spelling. Basic mistakes will often be a clear sign of a scam. Look also for a padlock symbol in your browser’s address bar – if one is not present, that clearly suggests issues with the website.

It is also important to be aware of phishing emails; if sent an email with a link to a shop, a simple way to avoid getting caught out is to copy and paste it into a web browser to help you identify if it is fake.

If in any doubt about the legitimacy of an email, contact the alleged sender directly but do not use any numbers or addresses in the email – search for the organisation online and contact it directly using the details on its website.

Further advice can be obtained by emailing
trading.standards@croydon.gov.uk

To report a suspected crime, or if you have fallen victim to fraud or cyber-crime, contact Action Fraud via its website or by calling 0300 123 2040

The National Cyber Security Centre (NCSC) operates a phishing email reporting service, which can be reached by forwarding any suspicious emails to report@phishing.gov.uk

If you get an Emergency Alert on your phone tomorrow (April 23), you’ll hear a loud, siren-like sound. A message on your screen will tell you about the emergency and how best to respond. You’ll be able to check an alert is genuine and opt out at gov.uk/alerts

Please be aware that it is anticipated that criminals may seek to take advantage of this and may use the test to try and trick phone users into handing over personal data.

It is vital that you are aware no action is required if you receive the alert with regards to handing over information, downloading any app, or sending any information.

Reporting scam calls and texts is easy using the 7726 service which most major providers are signed up too.

• To report a scam text you copy the content of the text and start a new message to 7726, paste in the content and send the message. The service will then reply to you asking for the number the message was sent from. You copy and paste the number or manually type it in and send it as a message.
• To report a scam call number you just need to copy the number, put it into a text writing ‘Call’ before you put the number in and send it to 7726.

Investment scams are often conducted over the phone or online and increasingly via social media such as Facebook or Instagram.

Investment scams can result in people losing thousands of pounds for non-existent investment opportunities such as stocks & shares, wine or art investments, carbon trading or cryptocurrencies.

There has been a huge increase in cryptocurrency scams where the entities and persons coordinating the scams are all based abroad and there is no way to take enforcement action or recover any funds. We have also seen an increase in reports where people are engaged by scammers on dating sites and introduced to ‘investments scams’ during a ‘relationship’. Average losses are very high and in some cases people lose their whole life savings and pensions.

Please be very cautious in investing any money and take advice from a legitimate and trusted financial advisor prior to parting with any money. Often a little research online can result in finding out which are genuine investments and which are scams.

For further information about investment fraud please take a look at the Action Fraud website:
https://www.actionfraud.police.uk/a-z-of-fraud-category/financial-investment

Please remember to report to Action Fraud 0300 123 2040 https://www.actionfraud.police.uk/reporting-fraud-and-cyber-crime if you have actually been the victim of a scam or fraud.

Call Citizens Advice Consumer Helpline 0808 223 1133 or visit https://www.citizensadvice.org.uk/ to report a scam or if you require further advice in regards to scams or consumer matters.