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Vehicle scam reports surged by 74% in the first half of 2023, says Lloyds Bank
Vehicle scam reports surged by 74% in the first half of 2023, says Lloyds Bank
A major bank has recorded a 74% surge in the number of reports of vehicle scams in the first half of this year, with victims losing nearly £1,000 on average. The Ford Fiesta is the most commonly-reported model to feature in vehicle-related scams so far this year, according to Lloyds Bank. Bogus offers of BMWs and Audis also feature heavily among the fake ads, with motorbikes and classic cars also cropping up regularly, it added. There is also a thriving trade in fake ads for parts and accessories, such as alloy wheels, the bank said. According to the testimony of scam victims, vans are also often popular because people are seeking cheap models to be converted in campervans, Lloyds said. The findings were based on analysis of scams reported by Lloyds Banking Group customers during between January and June 2023. This was then compared with the same period in 2022 – and a 74% increase was found. Lloyds said victims are losing an average of £998, with people aged between 25 and 34 being the most likely age group to report being duped. Scams work by fraudsters creating fake posts on social media or online marketplaces to advertise vehicles that do not exist. They will include pictures of genuine cars or vans to convince the unsuspecting buyer that they are genuine. When a potential buyer responds, they will often be asked to make a deposit to “secure” the car, or even sometimes to pay the full amount, alongside excuses as to why the car cannot be physically viewed ahead of the payment being made. The fraudster will often apply pressure-selling tactics, telling the buyer the car is very popular, that they have several other offers, or that the payment must be made by a certain deadline, Lloyds said. Victims may be tricked into sending money via bank transfer. As soon as the payment is made, the buyer will be blocked and the seller’s profile will disappear. Occasionally, a fake address will be provided at which to collect the car, leaving buyers with a wasted trip alongside the financial loss. Ford Fiestas have been highly popular in the genuine sales market. Figures released by the Society of Motor Manufacturers and Traders (SMMT) in August indicated that the Ford Fiesta was the UK’s best-selling used car between April and June. The manufacturer recently ended production of the car at its factory in Cologne, Germany. If you do want to buy something you've found through social media, only transfer funds once the car is in your possession Liz Ziegler, Lloyds Bank Liz Ziegler, fraud prevention director at Lloyds Bank said: “Buying directly from approved dealers is the best way to guarantee you’re paying for a genuine vehicle, and always use your debit or credit card for maximum safety. “If you do want to buy something you’ve found through social media, only transfer funds once the car is in your possession.” Here are some tips from Lloyds Bank to avoid vehicle scams: 1. Fraudsters use social media to advertise vehicles that do not exist. Always do your own research and do not part with any money until you have viewed, and tested, the vehicle in person. 2. Check documents. Always ask to see the seller’s logbook, to verify that the seller is the legitimate owner. 3. The safest way to buy a new or used car is often from well-known, approved dealers. Organisations such as the AA offer specific guidance for buying cars unseen. 4. Low prices and pressure selling tactics are often used to target victims. Question if a deal looks “too good to be true” and compare prices from trusted sources. 5. Always use your debit or credit card when you shop online. This helps to protect your money should something go wrong. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Standard Life confirms plans for pensions dashboard BBC reviews Russell Brand’s time at corporation as YouTube demonetises content BBC removes some Russell Brand content as monetisation suspended on YouTube
2023-09-26 07:18
World-Class Software Sales Executive Melissa Campbell Joins SmartBear as Chief Revenue Officer
World-Class Software Sales Executive Melissa Campbell Joins SmartBear as Chief Revenue Officer
SOMERVILLE, Mass.--(BUSINESS WIRE)--Sep 6, 2023--
2023-09-06 20:21
Chetu Opens New Software Skill Development & Training Centre for Technical Graduates
Chetu Opens New Software Skill Development & Training Centre for Technical Graduates
NOIDA, India--(BUSINESS WIRE)--Aug 30, 2023--
2023-08-31 11:59
PS5 Slim Needs an Internet Connection to Install the Disc Drive
PS5 Slim Needs an Internet Connection to Install the Disc Drive
Retail boxes for the PS5 Slim have revealed an internet connection is required to pair
2023-10-25 22:15
NetEase’s 85% Stock Comeback Defies China’s Slowdown
NetEase’s 85% Stock Comeback Defies China’s Slowdown
A slew of recent blockbuster video game hits by NetEase Inc. is giving bulls renewed optimism that the
2023-07-05 10:45
Model N Named One of Fortune's 2023 Best Workplaces in the Bay Area
Model N Named One of Fortune's 2023 Best Workplaces in the Bay Area
SAN MATEO, Calif.--(BUSINESS WIRE)--Jun 12, 2023--
2023-06-12 19:47
Andrew Tate: Man grateful to misogynistic influencer for opening his eyes to 'how women use men'
Andrew Tate: Man grateful to misogynistic influencer for opening his eyes to 'how women use men'
Andrew Tate's history of misogynistic comments has made him unacceptable to many, but the influencer still enjoys a devoted fanbase
2023-06-15 21:53
Nearly one in five American academics say they have seen a UFO – or know someone who has
Nearly one in five American academics say they have seen a UFO – or know someone who has
About 20 per cent of US academic respondents in a survey have reported that they, or someone they know, have seen unidentified flying objects (UFOs). Over a third of the nearly 1,500 respondents are interested in conducting research into such unidentified aerial phenomena (UAP), suggested the results of the survey, published in the journal Humanities and Social Science Communications. The US government has undertaken new hearings, reports and investigations into UAP, with a report by the Pentagon suggesting there were over 500 reports about UFOs with the agency as of August 2022. In the current research, scientists, including those from the University of Louisville, surveyed 39,984 academics, including professors, associate professors and assistant professors from 144 US universities across 14 different disciplines. Despite the stigma associated with the topic, researchers said these developments merit asking university faculty about their perceptions on the sightings of UFOs. Researchers asked the 4 per cent of individuals who responded to the survey about their perceptions of, experiences with and opinions of UAP. Nearly a tenth of the participants worked in political science, another tenth in physics, 10 per cent in psychology and 6 per cent in engineering. About 276 of the respondents – or 19 per cent of participants – reported that they or someone they knew had witnessed UAP. A further 9 per cent said they or someone they knew “may have witnessed” UAP, according to the study. Thirty-nine percent of all the participants said they did not know what the most likely explanations for UAP were, but a fifth of them attributed the sightings to natural events and 13 per cent to devices of unknown intelligence. About 4 per cent of participants said they had conducted academic research related to UAP, and over a third said they had some degree of interest in conducting research in this area. Among the respondents, 37 per cent ranked the importance of further research into UAP as either “very important” or “absolutely essential”, while nearly two-thirds of them considered academia’s involvement in UAP-related research to be “very important or absolutely essential”. The findings hinted that many American academics across disciplines consider academia’s involvement in research into UAP to be important. “Results demonstrated that faculty think the academic evaluation of UAP information and more academic research on this topic is important,” scientists wrote in the study, adding that curiosity on the topic “outweighed scepticism or indifference”. Researchers also suggested many may be cautiously willing to engage with UFO research if others they consider to be reputable within their field also do so. However, they said more surveys among larger and diverse cohorts are needed to understand attitudes of academics towards UAP. Read More Some strange ‘highly manoeuvrable’ UFOs seem to defy laws of physics, scientists say UFOs, UAPs and ETs: Why some people believe aliens are visiting us right now Nearly 200 recent UFO sightings in US remain unexplained, Pentagon says Ancient galaxy discovered 25 million light years away Watch: Axiom Mission 2 arrives at the International Space Station Nearly 350 licences issued to UK space companies
2023-05-23 15:26
Why Those Bank Emissions Numbers Are So Rosy
Why Those Bank Emissions Numbers Are So Rosy
On the surface, Deutsche Bank AG, Citigroup Inc. and Mizuho Financial Group Inc. all appear to be delivering
2023-11-08 19:58
Score cheap Fitbits and Apple Watches during Prime Day 2
Score cheap Fitbits and Apple Watches during Prime Day 2
UPDATE: Jul. 12, 2023, 1:30 p.m. EDT This post is constantly being updated to reflect
2023-07-13 02:20
Patient receives 'major injuries' after mistakenly wearing metallic sex toy to MRI scan
Patient receives 'major injuries' after mistakenly wearing metallic sex toy to MRI scan
One unfortunate patient found out the hard way why you shouldn’t wear metal during an MRI after a butt plug they were using shot through their body. A post on Twitter that appeared to show a scan of a butt plug that caused “major injuries” lodged high up in someone’s body as a result of an MRI scan has gone viral, undoubtedly making many people clench in the process. In the post by Twitter user @BradiusZero, he explained why you should “Never wear a butt plug to your MRI appointment” and shared an image of a scan that appeared to show a butt plug lodged in a person's chest cavity. Alonside the image, a separate text message read: “Greatest personal injury case I've ever heard. An estimated Valley attorney, has picked up a client who is suing a sex toy company. Said client purchased a butt plug that was advertised as ‘100 percent silicone’. Client wears butt plug to MRI appointment. “Much to client's dismay, butt plug in fact has a metallic core. Butt plug is accelerated at the speed of sound…into client's chest cavity. Described in memo as an ‘anal rail gun’. Client survived with major injuries.” The post has been viewed 10.8 million times with many speculating on what was going on there. One person tweeted: “I’m glad they’re alive but I can’t help but think that the patient was trying to intentionally shock the doctors upon doing the MRI scan as a joke and it went horribly wrong.” Wearing metal in an MRI can be dangerous due to the magnetic force that is created by the machines which is approximately 1,000 times stronger than a typical fridge magnet. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-05-12 19:55
The Best Plus-Size Clothing Deals On Amazon Right Now
The Best Plus-Size Clothing Deals On Amazon Right Now
Have you been scouring the internet for a worthy plus-size clothing sale or looking into Amazon Prime Day deals like a shopping sleuth? Well, we've simplified the process by sifting through the overwhelming amount of attractive discounts on Amazon to bring you a hand-picked selection of plus-size clothes to cart ASAP.
2023-07-01 02:19