Monday, 12 March 2018

NatWest Reminds Conveyancing Clients To Check Bank Details Following £600,000 Fraud

The latest conveyancing scam reported in the Telegraph this weekend has seen a victim feeling “utterly alone” following the theft of almost £600,000.
The victim, whose mortgage had yet to come through, said he felt under immense pressure to make the transfer. He borrowed from his company and made a bank transfer of £593,055.20 to an Ulster Bank account, the Irish arm of Royal Bank of Scotland, on Jan 18, as per the fake solicitor’s instructions.
The fraud only came to light on Feb 9 when the victim found out the real solicitor had no knowledge of the transfer. The crime was reported immediately to NatWest, Ulster Bank and Action Fraud. The reader also tried to report the scam to various London police stations but was referred back to Action Fraud or told to call 101.
“No one seemed to have any record of my name, reference number and the case. And I’ve no idea what to do,” he said.
The article in the Telegraph quotes NatWest as saying that it was “aware” of the case and was currently investigating.  It said it was “supporting” its customer in the recovery of his funds on a “best endeavours basis” and would “continue to support him through this undoubtedly distressing situation”.
It said it wanted to remind customers to always confirm bank details with their solicitor in person or over the phone before sending any money.

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