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FSCS becomes latest firm targeted by scammers

The Financial Services Compensation Scheme is the latest firm to be targeted by scammers after warning consumers to be on guard from bogus callers or people preporting to be from the compensation scheme.

In a statement on its website, the FSCS says: “It has received information some people may have received calls during which consumers are told they may qualify for compensation and asked for their bank details.

“People should not provide any information about their bank accounts or other personal information in response to these calls or emails. The FSCS will not cold call you and ask for details.”

A raft of investment firms including Artemis, Thames River Capital, Schroders, Rathbones, Octopus Investments, Royal London Asset Management and Fidelity have all been targeted by fraudsters in the past few months.



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There are 5 comments at the moment, we would love to hear your opinion too.

  1. I’ve had a big bill from them, is it a scam?……….

  2. Jennifer Nicholls 14th February 2011 at 11:27 am

    Yeas, does that mean my 4 figure bill is a scam too?

  3. Mirror mirror on the wall who is the biggest scam 14th February 2011 at 11:52 am

    But isn’t the Financial Services Compensation Scheme Key Data levy the biggest (legitimate) scam of them all?

  4. “People should not provide any information about their bank accounts or other personal information in response to these calls or emails. The FSCS will not cold call you and ask for details.”

    The fscs already have these and will help ourselves to your money anytime we like.
    We are legalised scammers-totally legit

  5. Talking of scams, I received a couple of very believable phishing attacks based around Paypal. At first sight they look most convincing and I’d be surprised if they don’t catch more than a few innocent victims with them.

    The gist of one was that a new email address had been added to my paypal account while the second inferred that my payment method had expired. You can guess the rest. If you can’t, look at paypal or ebay’s excellent information on phishing attacks and LEARN IT BY HEART.

    Be on guard for it yourselves and warn your clients.

    If you do get it, report it to

    Unlike an organisation I could mention, paypal takes guarding the public seriously and works with you.

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