Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 


Too many people looking for love are being tricked

Do due diligence for matters of the heart as well as the wallet – Banking Ombudsman

Too many people looking for love are being tricked out of their money by rakes and charlatans, says Banking Ombudsman Deborah Battell.

“Valentine’s Day is a great time to do due diligence on that person declaring their love for you, especially if they have made contact through dating sites, social networking sites or unsolicited emails.

“Each year we investigate situations in which people have been defrauded by those wanting to win money rather than hearts. Typically they are bank customers who then look to their banks to recover the defrauded funds.

“It is sometimes possible to recover funds, for example when a transaction has not been completed. In other cases banks have noticed an unusual pattern of transactions and managed to stem the flow of funds after contacting the customer concerned,” Ms Battell said.

However, more often than not, the bank has followed legitimate customer instructions and is not aware of the fraud. In recent cases, customers have even sent their cards and PIN numbers overseas, which is a clear breach of bank terms and conditions. In these circumstances, customers will not be able to recover their money.

“We have recently heard about a person who sold their home, sent the proceeds overseas and moved to a hotel only to wait in vain for their cyber love interest to materialise in New Zealand. We have also heard from people who have lost hard-earned savings to those holding out the promise of love. These cases are tragic and potentially avoidable,” Ms Battell says.

She says people need to be alert to love scams. She advises not to send money to someone promising love if:

- the initial contact was made through overseas dating and social networking sites or unsolicited emails

- you have never met them in person

- the “lover” spins sob stories and starts asking for money.

In addition, customers should never give out their cards and PINs to anyone.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Labour's 'Future Of Work': Major Reform Of Careers And Apprenticeships

The next Labour Government will transform careers advice in high schools to ensure every student has a personalised career plan, Leader of the Opposition Andrew Little says. More>>

ALSO:

State Investments Management: Treasury Likes IRD, Not Education Or Corrections

The Inland Revenue Department has scored an 'A' in the first tranche of the Treasury's investor confidence rating for state agencies that manage significant Crown investments and assets, gaining greater autonomy as a result, while the Corrections and Education ministries gained a 'C' rating. More>>

ALSO:

Govt Goal: NZ To Be "Predator Free" By 2050

Prime Minister John Key has today announced the Government has adopted the goal of New Zealand becoming Predator Free by 2050... “That’s why we have adopted this goal. Our ambition is that by 2050 every single part of New Zealand will be completely free of rats, stoats and possums." More>>

ALSO:

Gordon Campbell: On The IOC’s Treatment Of Russian Sport, And Lone Wolf Terrorism

A blanket ban on Russian athletes would also have exposed the IOC to criticism that its treatment of Russia would have been marked contrast to its treatment say, of the track and field team from Kenya – a country about which the IOC has very similar doping concerns. More>>

ALSO:

Sounds Like A Plan: Auckland Council Receives Unitary Plan Recommendations

A key milestone in New Zealand planning history was reached today when the Independent Hearings Panel delivered the reports containing its recommendations on the Proposed Auckland Unitary Plan. More>>

ALSO:

National Park Expansion: Forests And Coast Of Kahurangi Protected

Five parcels of high value land totalling more than 890 hectares have been formally gazetted as part of the National Park. More>>

ALSO:

PPP Go-Ahead: SkyPath Gets Unanimous Support

Auckland’s SkyPath project has been given the go-ahead to be delivered through a public private partnership, after a unanimous decision at today’s Finance and Performance Committee. More>>

ALSO:

Gordon Campbell: On The Reserve Bank, The UN Shortlist, And Trump

Can there really be there any link between the US presidential elections and yesterday’s RBNZ signals on interest rates and the NZ dollar? Well, maybe. And it would be this: the improving US economy is reportedly putting a tailwind behind the US dollar, and rendering the actions of our Reserve Bank virtually irrelevant. More>>

ALSO:

Gordon Campbell: On What John Key Should Be Asking Joe Biden

No doubt, US Vice-President Joe Biden will be updating Prime Minister John Key on the chances of a TPP vote taking place in the ‘ lame duck’ session of Congress that’s held between the November’s election and the inauguration of a new President in January. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news