High end courier fraud nets £740,000

If anyone thinks only the elderly and unsophisticated fall for this fraud, losing small amounts of money, think again. Using effectively the same tactics it is reported that a finance chief fell for the same con trick.

http://www.dailymail.co.uk/news/article-3153296/Hedge-fund-lost-740-000-apparent-Friday-Afternoon-Fraud-conmen-trick-people-one-eye-weekend.html

8 July 2015

A London hedge fund lost £740,000 in one afternoon after the finance manager allegedly fell for a telephone scam where conmen target workers at the end of the working week

He was told by the caller that there had been fraudulent activity on their account, and persuaded Mr Xxxxxx to give out sensitive bank details, it is claimed.

But little did he know, he was victim of a so-called 'Friday Afternoon Scam, whereby fraudsters impersonate bank staff to steal money from clients' accounts - specifically on a Friday afternoon

Bloomberg reports that when Xxxxxx logged on to the firm's online bank account the following Monday, he saw that £742,668 had gone