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Are you one of the 10% who has been taken in by a scam?

A report by the Office of Fair Trading (OFT) indicates that nearly 10% of the UK population has been taken in by scams of various types. While this figure itself equates to around 4 million adults in the UK many believe this is just the tip of the iceberg with many victims of scams embarrassed or afraid to come forward. So what can we do to avoid scams in the future?

There is no doubt that fraudsters and those carrying out scams have benefited from the economic downturn in the UK which has made more and more people desperate for cash. Scams which only a few years ago would never have even been considered by many in the UK are now attracting the attention of those desperate for money to cover their living expenses. This environment is "perfect" for fraudsters who have introduced more complicated scams and frauds over the years.

The introduction of the Internet has also opened many doors for the fraudsters who are now able to operate from countries and areas of the world outside of the UK regulatory powers, making it very difficult to find them. The truth is that if something looks too good to be true then it is likely to be some kind of fraud or some kind of scam and you should be very wary indeed!

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