Consumers warned over pre-paid energy scams

Consumers warned to avoid discounted pre-pay energy top-ups

Cifas, the leading fraud prevention service in Britain, issued a warning to gas and electricity customers about pre-paid energy scams masquerading as discounted offers. These scams have impacted more than 188,000 victims, including customers of British Gas, EDF Energy, E.ON, Scottish Power, and SSE. The escalating cost of living is no hidden fact, causing anxiety…

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FCA targets unregulated investment scammers

Financial Conduct Authority targets online scammers

The Financial Conduct Authority (FCA), which regulates financial companies providing services to consumers, announced plans to increase preventative action against potential consumer scammers. Apparently, the FCA stopped one in every four bogus companies from entering the market in 2021. The figure had been one in five in 2020. While these statistics are reassuring, punishing unregulated…

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