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Ten scams on the rise in 2013

Posted on 08 March 2013

There is one industry that is growing rapidly: financial scams. These range from the sophisticated to the downright weird – but all have the same aim: to relieve you of your money. Recent figures from the National Fraud Authority show that the total lost to individuals from fraud and other scams is more than £6bn a year. Here are our top 10 scams to watch out for this year.
1 Rare metals: Rare earth metals are chemical elements such as scandium and yttrium which are used in the manufacture of computers and phones. The Financial Services Authority (FSA) warns that companies are using high-pressure sales tactics and are targeting vulnerable customers out of the blue who are often told that supply of these metals is falling, causing prices to rise………………………………………..Full Article: Source


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