People are being urged to be vigilant or risk losing out on their hard-earned cash
Lloyds Bank has issued an urgent warning as vehicle scams soar - with one age group in particular being duped by scammers.
Luke, not his real name, was searching for a new car on Facebook Marketplace when he saw an advert for a two-year old Ford Fiesta, on sale for £5,400. While it didn’t appear to be local to where he lived, he contacted the seller, who called himself Philip. When Luke asked to meet Philip in person to see the car, Philip refused, claiming he lived too far away and that he used a shipping company to deliver the vehicles he sold. However he said Luke could pay a deposit and then transfer the remaining balance after he had received the vehicle.
When Luke sent £540 as a 10% deposit on the total purchase price of the car, he received an email from Philip to say that the payment had gone through, and he would now arrange delivery. “The vast majority of these scams start on Facebook, where it’s far too easy for criminals to set up fake profiles and advertise items that simply don’t exist. It’s time social media companies were held accountable for their lax approach to protecting consumers, given the vast majority of fraud starts on their platforms.
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