‘I had my doubts.’ Scammers posing as Santander defrauded a teen of £700 in rent.
THIEVES are increasingly using sanctioned push payment fraud to target young adults. When they turn 18, many young adults have access to hundreds of pounds in their accounts thanks to the Child Trust Fund. Theft is increasingly targeting these young individuals in order to get their hands on the money, according to evidence.
When victims are duped into sending their own money to criminals, this is known as authorized push payment fraud.
This weekend on the BBC’s Money Box, Paul Lewis spoke with Rudy DeSousa, a victim of the crime, about his circumstances.
Mr. DeSousa was unfortunately targeted, and £700 from his Child Trust Fund was stolen last week.
“I got a call from a number that stated they were Santander, and they told me my account had been compromised and that I needed to transfer my money from one bank to another, or from one account to another,” he added.
“At first, I was skeptical because these things don’t happen very often, so I questioned how they could confirm they were Santander. They then directed me to look up the number on Google, which I did, and found Santander, but that wasn’t enough.
“I questioned what could you know that only Santander could know, and they rattled off my card data, sort code, and account number, which I had no idea how they could have gotten without working for Santander.”
Mr DeSousa deposited the funds as instructed, but they vanished, leaving him distraught about the circumstance he had just found himself in.
He explained, “That was all the money in the world to me.”
Mr DeSousa needed the money to pay his rent because he had lately moved out.
“I had just moved out, and my rent was due on the 25th, but I was getting paid on the 5th, so I needed that money,” he added.
Every month, 55,000 young people turn 18, and they now have access to the Child Trust Fund, which is backed by the government.
This plan was established in 2002, and nearly six million accounts were opened before it was abolished in 2011.
The first matured a year ago, and these young adults were given access; nevertheless, they should be cautious because these scams are becoming more common.
Due to prior Santander letters regarding “Brinkwire Summary News,”