FSCS scammers hit Keydata victims in latest sting

Laura Miller
clock

Keydata victims awaiting compensation have become the latest targets of bogus callers who claim to be from the FSCS.

Investors in Keydata-backer Lifemark, some of whom are in the process of claiming redress from the Scheme, have received telephone calls asking for bank account details so their compensation can be paid. Peter Hilton, who heads up the Keydata Victims support group, emailed a warning to investors last night after he was contacted by concerned members. "Do not provide such details over the telephone, ever. Your compensation will come in a letter which will include a personal cheque. "The FSCS do not send out money by direct transfer so don't give your bank account details over the 'p...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Trial of former Titan Wealth employee rescheduled as defence prepares abuse of process argument

Trial of former Titan Wealth employee rescheduled as defence prepares abuse of process argument

Prosecution ready to proceed but court agrees to delay trial until late August

Sahar Nazir
clock 09 May 2025 • 2 min read
Professional Adviser TV: Female leadership and overcoming business barriers

Professional Adviser TV: Female leadership and overcoming business barriers

With WIFA winner and short lister Frankie Smith

Professional Adviser
clock 09 May 2025 • 1 min read
The 'quick way' to lose your clients' trust

The 'quick way' to lose your clients' trust

Clients are disengaging rather than firing their advisers, conference hears

Sahar Nazir
clock 09 May 2025 • 2 min read