Fraudsters are cold calling victims nationwide and tricking them into paying a debt for magazine advertisement subscriptions that do not exist.Â
Victims receive a telephone call from someone purporting to be a bailiff enforcing a court judgement, attempting to recover funds for a non-existent debt.
Over the phone the fraudsters state the debt originates from the victim not paying a magazine advertisement subscription.
The fraudsters use a variety of magazine names and publishers and are using the names such â€œScott Davisâ€, â€œStephen Kingâ€ and â€œMark Taylorâ€. These are names of certified Bailiff Enforcement Agents employed by debt enforcement companies.
Fraudsters then request that the debt be repaid by bank transfer. If the victim refuses, they threaten to visit the victimâ€™s home or place of work to recover the debt that is owed.Â Once the money has been transferred, victims are not provided with receipt details of the payment or contact details. Later when victims make enquiries, theyâ€™ll discover that the debt did not exist, and often that no advertisement was placed.
This type of fraud is nationwide. Since 2017, there have been 52 reports relating to this fraud. From the reports received, there are a range of different businesses and individuals being targeted.
If you have been affected by this, or any other type of fraud, report it to us.Â
Visit Take Five and Cyber Aware for more information about how to protect yourself online.