Thousands of fraud victims tricked into handing over their life savings could now get their money back in landmark watchdog ruling | WHAT REALLY HAPPENED


Thousands of fraud victims tricked into handing over their life savings could now get their money back in landmark watchdog ruling

Thousands of fraud victims tricked into handing over their life savings could now get their money back following a landmark watchdog ruling.

In a major victory for Money Mail’s Stop the Bank Scammers campaign, the Financial Ombudsman has ordered Santander to refund a customer who lost £12,000.

The ruling could open the floodgates for claims from many other fraud victims who have struggled to get any of their money back.

In the Santander case, the victim thought he was speaking to the bank’s fraud department and unwittingly gave criminals the information they needed to transfer money out of his account.

Webmaster's Commentary: 

While it is a good thing those fraud victims are able to get their money back, I question penalizing the bank for what criminals did.

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA