What is Fraud?
Fraud is when somebody tries to deceive or trick you to gain a dishonest advantage which is often financial.
There are many words used to describe fraud: scam, con, swindle, extortion, sham, double-cross, hoax, cheat, ploy, ruse, hoodwink, confidence trick.
There are various types of fraud such as:
- Identity Theft - when someone steals your personal details and uses them to carry out a crime such as opening a bank account, purchasing goods using your bank details and money or applying for loans in your name.
Other common scams include
- being persuaded to buy goods or services that are not for sale or don’t exist/ financial gains that don’t exist,
- bogus tradesmen or doorstep fraud where you may be pressurised into buying something you actually don’t want or something that’s poor value for money,
- fraudsters who trick you into giving them money over a long period of time with the promise of making you more money e.g. pyramid schemes and bogus lottery wins.
Anyone is susceptible to fraud. Criminals can be clever and well organised - finding new ways to trick and mislead you. Some victims of fraud say they feel embarrassment or shame but there is no need to feel this way as anyone can be caught out, even the most careful people.
- The Little Book of Big Scams developed by the Metropolitan Police can give you further information on existing scams and tips on how to identify them.
- Thames Valley Police has developed a romance fraud e-booklet designed to demonstrate the clever tactics used by romance fraudsters with a view to empowering people, as well as dispelling the myths of shame and embarrassment often associated with this type of crime.
If you have been a victim of fraud, you should report it to Action Fraud. Action Fraud is the UK’s national reporting centre for fraud and cybercrime. You can call the Action Fraud team on 0300 123 2040. Further information on the reporting and investigation of fraud is available in these Frequently Asked Questions.
If you’ve been tricked into supplying your personal details or goods it’s unlikely that you will be able to recover anything stolen by the offender, unless a fraudulent transaction qualifies for a refund from your bank or credit card company. If an offender is arrested, goes to court and is convicted, the court will have the power to order the offender to pay you compensation.
If you have been a victim of fraud and need emotional or practical support contact Victims First on 0300 1234 148 or through our online form on our Get Support Now page