Changes to the Financial Ombudsman Service – April 2025 The Financial Ombudsman Service has recently announced key changes that will come into effect in April 2025, specifically impacting professional representatives. These changes introduce a new fee structure for solicitors and other professionals representing clients in financial disputes. What’s Changing? Previously, the Financial Ombudsman operated as […]
Category Archives: Scam
03
Mar
Mar
Beware of Impersonation Scams: How to Spot and Avoid Them Impersonation scams are on the rise, costing victims thousands of pounds, sensitive personal information, and peace of mind. Scammers pose as trusted entities, government officials, representatives of well-known companies, or even family members to deceive people. Understanding how these scams work and how to protect […]
03
Feb
Feb
Phoenix Solicitors Successfully Recovers Over £635,000 for Fraud Victims Financial scams are evolving rapidly, and unfortunately, many individuals are deceived by fraudulent schemes that claim to offer high returns with little to no risk. One such case involved MAHF Trading Limited, a Nottingham-based company that deceived local investors and stole hundreds of thousands of pounds. […]
27
Jan
Jan
Phoenix Solicitors’ Scam and Fraud Team Recovers £200,000 from Metro Bank for Scam Victim In an age where digital transactions dominate, fraudsters have become increasingly sophisticated, creating elaborate schemes designed to deceive unsuspecting individuals and businesses. These scams can leave victims feeling vulnerable and unsure of their next steps. At Phoenix Solicitors, we are committed […]
06
Jan
Jan
Phoenix Solicitors Recovered Over £420,000 Just in Time for Christmas, on Behalf of a Client Who Was a Victim of an Elaborate Scam In today’s world of rapidly advancing technology and easier access to financial markets, investing has become more accessible than ever. While this is a positive change, it has also led to a […]
09
Dec
Dec
How Netflix’s Cold Call Highlights the Devastating Impact of Scams Cold Call, a mini-series originally aired on Channel 5, has recently gained renewed attention after being added to Netflix, putting the serious issue of scams back into the spotlight. For those unfamiliar, Cold Call is a gripping drama about a victim of a cold call […]
30
Sep
Sep
A Breakthrough in Bank Scams – Lloyds Bank Refunds Money Lost through Another Bank for Vulnerable Client Phoenix Solicitors recently secured a full refund for our client, Mr W, who lost £27,617.33 to a cruel and sophisticated investment scam. This scam affected Mr W’s three bank accounts: Chase Bank, Revolut, and Lloyds Bank. Mr W […]