INVESTMENT FRAUD - CLONE FIRM

RSWHITE

can i have some guidance on all that i can do to protect my parents going further as my father has become the victim of fraud

cloud_dog

I believe you could request a vulnerable person CIFAS market be placed on them?

Depending on the circumstances, is there a need to implement Power of Attorney?

born_again

UK company?

Action Fraud, FCA if UK co & try bank funds came from.

dunstonh

The hardest part is getting the victim to realise it was a fraud.   Has your father got to that stage yet or is he still in denial?

eskbanker

RSWHITE said:

can i have some guidance on all that i can do to protect my parents going further as my father has become the victim of fraud

In what way(s) was he defrauded?  For example, is he susceptible to smooth-talking phone fraudsters (call blocker being a solution) and/or stuff propagated via social media and/or face-to-face contact?

Eyeful

1. Victims of fraud sometimes find it hard to accept they have been scammed. Has your father accepted the fact?
2. If it is a UK company that has been cloned, show them the correct address & phone number they should be using.
It's on the FCA register: https://register.fca.org.uk/s/
3. See if the cloned company is yet on the FCA scam list (it takes time to update the list). If it is show them it :
https://www.fca.org.uk/consumers/warning-list-unauthorised-firms.
4. Contact Action Fraud & report it.
5. If you have Power of Attorney, you might be able to set a  CIFAS "Protective Registration" marker,
5. Inform banks involved to see if they can do anything to help.

grumpy_codger

How can CIFAS protective registration help against this sort of fraud?