Fighting the Fraudster

In response to:The Fraud Problem – bigger than we can possibly estimate?

Tue, 27 Feb 2007 23:16:12 +0100

David

It's normally required that personal identity is provided before making an investment. In the UK (under FSA regulation) this is classed as the verfication of identity in the prevention of money -laundering. Thus to ensure that an investor is who they say they are and that investment funds can be traced to the original investor. International investment regulations vary, however, the international laws with regards to anti-money laundering are pretty much universal. At this stage, I would not handover any further personal information, especially your passport, without first seeking appropriate advice from a certified professional.

Just on the off chance, have you checked to see whether the agent you dealt with is regulated by The Financial Services Authority. You can do this by checking the register at: http://www.fsa.gov.uk.

In response to:The Fraud Problem – bigger than we can possibly estimate?

Tue, 27 Feb 2007 23:01:23 +0100

Please see my account of a ' fraud ' I described two or three days ago on my blog about telephone selling of shares by Brokers in the USA. If I had handed over £K50 or £K100 as they suggested instead of £K1 to test them I'd be crying now.
David.

In response to:The Fraud Problem – bigger than we can possibly estimate?

Tue, 27 Feb 2007 23:00:06 +0100

Hi There,

Many thanks for your feedback - have a look now as I have increased the size of the font. I hope it's an easier read!

I'm a mature student, taking a complete u-turn in life to go back and do something I should have done many years ago. My particular interests are criminal justices studies and counter fraud.

In response to:The Fraud Problem – bigger than we can possibly estimate?

Tue, 27 Feb 2007 22:43:49 +0100

Hello Lucy,

First, could I ask you to consider using a larger font. I do wear specs but with the combination of a light coloured text and a small font, your potentially very interesting blog was a strain on my eyes.

What are you studying apart from fraudulent activities?

:)