Most people fear being victims of scammers, study finds

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The scams have become so commonplace that 25 percent of people have either been targeted or know someone who has. But now the fraudsters’ own words are being used against them in a bid to warn people to be aware of the dangers.

Poets Pam Ayres and Suli Breaks have turned the vocabulary of financial crime into rhyme ahead of National Poetry Day tomorrow.

Pam Ayres’ Have You Got Some money? and Suli Breaks’ Too Good To Be True, incorporate words and phrases from real scam emails, online adverts and telephone calls received by victims.

The two “Scam Sonnets” aim to help the public spot the signs of investment scams – which is when a fraudster offers a bogus opportunity to make a high return by handing over a sum of money.

In the wake of the Covid-19 outbreak, many people are feeling financially vulnerable and these scams are on the rise, according to the Santander study.

As much as £55.2million was lost in the UK in the first six months of this year.

The average lost per fraud is around £10,000, found analysis of 2,000 responses to the survey.

Dan Standish, head of fraud strategy at Santander, said: “By using the language of the scammers, we aim to help the public spot the familiar words, phrases and signs of investment fraud early before it’s too late.”

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