FSA warns on scammers who pretend to be Sants

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The Financial Services Authority (FSA) has warned firms and consumers to be vigilant for fraudsters claiming to be from the regulator.

Scammers have been phoning, emailing and writing to people, often using the names of present or past employees such as chief executive Hector Sants or chairman Lord Adair Turner, it said. Targets may be told they owe money or be asked for personal information such as copies of payslips or passports. Criminals also tell victims they are entitled to a sum of money and that they need to supply bank account details to receive the payment. "Keep in mind that the FSA would never contact members of the public asking for money or your bank account details," the FSA said. "The correspond...

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