The FSA is warning investors and IFAs to beware of an e-mail swindle in which scammers pretend to be watchdog chairman Lord Adair Turner.
E-mails sent from the FINANCIAL SERVICES AUTHORITY purporting to be "from the desk of Lord Adair Turner" claim the recipient has had a "huge fund" credited in their name, which will be confiscated within three days unless they e-mail back personal details. Spam scams work by persuading people to hand over details of bank accounts, names, addresses and other personal data, or a fee, with the promise of a fictitious large cash payout. Individuals who reveal private data risk having their bank accounts drained or their identity stolen. Website scamoftheday.com, which first posted a co...
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