Ultrascan in news

Ultrascan AGI / In news

Trauma victims at risk from scams

BBC News - Victims of some of the most high-value scams have previously suffered from trauma, according to a new report.
Dutch IT fraud agency Ultrascan reviewed 362 cases when victims lost more than £150,000 and found that 308 had suffered family trauma.

The agency estimated some 300,000 advanced fee fraudsters were in operation across the world in 2007.

Latest research from the Office of Fair Trading suggested victims were most likely to be aged between 35 and 44.

Huge losses

The Ultrascan report claimed that £2.1bn was lost internationally to advanced fee fraud, the most successful of scams for con-artists.

Victims are typically asked by e-mail to help in transferring millions of pounds overseas, for which they would receive a cut.

The fraudster will then ask for bogus processing fees upfront or extract victims' personal details and clear their bank accounts.

A spokesman for Ultrascan said that people, often white-collar workers, suffering as a result of bereavement or trauma appeared to be losing out in these scams.

"We are looking at the profile of victims to help warn others," he said.

Vulnerability myth

Research published last year by the Office of Fair Trading (OFT) suggested it was wrong to assume that only the vulnerable were victims of scams.

"Our research dispels the myth that only the vulnerable, elderly or naive are taken in by scams," said the OFT report into mass-marketed scams, the first study of its kind.

Older people were more likely to lose more money on average, the research found, but victims were most commonly aged 35 to 44.

Those in less affluent groups were particularly at risk of foreign lottery, career opportunity and clairvoyant scams.

Those earning more were affected by advance fee, property investor and high-risk investment scams.

Nearly two-thirds of victims of all scams were in employment, the OFT study found.

Last week, a father and daughter were charged with multiple counts of fraud and money laundering in a $70m (£34m) alleged share scam.

Paul Gunter, 58, and daughter Zibiah, 25, from Florida, were accused by investigators of showing a "callous disregard" for the 15,000 British citizens to whom they were alleged to have sold worthless shares.

http://news.bbc.co.uk/2/hi/business/7300543.stm

ULTRASCAN RESEARCH SERVICES
Subsidiaries of international research organization with over 3280 experts in 69 countries

Ultrascan Research

ULTRASCAN RESEARCH

Examples of case research into various topics and alerts from the Ultrascan group and associates

Ultrascan Humint

ULTRASCAN HUMINT

Ultrascan HUMINT have primary sources, extensive experience with identifying, locating, mapping, monitoring, analysing and predicting perpetrators of money laundering and the planning, funding, communications and support of terrorism.

Ultrascan FIU

ULTRASCAN FIU

Ultrascan FIU Financial Intelligence Unit - A mixture of intelligence gathering, investigations, reputational risk mitigation and Innovative Technology in line of objectives. Focused on external information and stakeholder engagement, to detect exposure to financial crime risk.

Ultrascan Interactive Research Intelligence and Analysis BRAINS

ULTRASCAN BRAINS

Intelligence and Analysis. Wander Around in our Detailed Global Interactive Research - Criminal and financial relationships visualized - Non-linear - visualizes knowledge like you've never seen before - AML KYC FIU - Business Solutions - Innovative Technology

© Copyright 2019 Ultrascan AGI