You are here: Home - Uncategorized -

Marketing fraud reaping big bucks

0
Written by:
02/02/2006

A campaign warning consumers against being conned by dishonest mass marketing schemes has been launched by the Office of Fair Trading (OFT).

It said they are a growing threat and that around five million people have fallen victim to such scams as bogus competitions, lotteries, clairvoyants and pyramid schemes. The estimated cost to consumers is around £1bn a year.

“Scams steal money from the legitimate economy,” said OFT chief executive John Fingleton. “They are scheming, crafty, aggressive and malicious.”

However, IT expert Jan Prysbycki blamed the victims themselves. “You never get something for nothing and if a deal looks too good to be true then it probably is,” he said.

Related Posts

Tagged:

Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

ISAs: your back-to-basics guide for 2018/19

Here’s everything you need to know to make the most of your unused ISA allowance ahead of the 5 April deadli...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Brown signs up Greenspan to UK Treasury

The former US central bank chief, Alan Greenspan, has agreed to become an honorary adviser to the UK Treasury –...

Close