Exploring Scams Impacting Job Seekers: Insights from Stuart McFadden
Our Co-founder, discusses how scammers exploit job seekers' vulnerabilities in an Euronews interview. The majority of Refundee's clients are actively job hunting, especially for remote work. The common scams involve cryptocurrencies and deceptive tasks, often with fraudsters creating fake company websites and using team chats to deceive victims.
Initially, scammers allow victims to make withdrawals, building trust and addiction. However, these funds never reach the victims, ending up in the scammers' accounts. These scams intensify, with scammers requesting larger sums, e.g., a victim was asked for a £17,000 deposit with a promise of an £11,000 salary.
Despite regulatory standards and bank guidelines, many authorities miss warning signs. As UK high street banks block cryptocurrency transactions, fraudsters guide victims to online banks with looser rules.
Lack of public knowledge, along with foreign-language speakers not familiar with the UK job scene, makes preventing these scams difficult. This problem is not limited to the UK but is a global issue, targeting high-income, English-speaking countries like Australia, the US, the UK, and various Asian nations. Stuart McFadden describes these operations as ‘organised crimes’.
Been caught in this type of scam? Use other free online claims form to get make a step in the right direction, https://lnkd.in/eddKaJfC
Images from Euronews. For more details, read the full interview on Euronews.
#ScamPrevention #FraudAwareness #JobSeekers #EuronewsInterview
Refundee are a Claims Management Company (CMC) regulated by the FCA. We charge 15% plus VAT on any money we recover. You don't have to us a CMC you can do your claim yourself for free by contacting the bank and the Financial Ombudsman.
