Most victims of financial scams never receive a penny back

Pensions Freedom causes scams to soarNew research has shown that most victims of financial scams never receive a penny back of the money they lost. Despite warnings financial scams, fraud and cons are on the increase. The BBC has revealed that figures from the Royal Bank of Scotland show 5,000 of their customers fell victim over the past year, losing a total of £25 million. To compound the misery of the original fraud, the figures also showed that 70% of victims never recouped a penny of their losses. What’s more, the average amount ...