People tricked into depositing cash which is then siphoned off by fraudsters impersonating financial firm Wise and others
W
ith interest rates falling, you are hunting for the best home for your cash, so when an advert for a generous fixed-rate savings account offered by a leading financial brand pops up, you sit up and take notice.
But it is a scam – one where Britons are being tricked into depositing their nest-egg cash, only for the money to be siphoned off by fraudsters who are impersonating a financial company – in this case, the money transfer company Wise.
The online ad prompts customers to fill in a form. This results in a call back to discuss investment options. That the interest rate is only slightly better than the market makes the offer appear plausible.
