March 14, 2020

Corona Virus - the financial fallout

Listen Later

31 minutes

The financial fallout from the Corona Virus pandemic. Making sense of the help available.

And the Chief Financial Ombudsman, Caroline Wayman, tells us that the banks warnings are not good enough and that they need to do much to stop people becoming victims of so-called "push payment fraud". We report on a "never seen before" fraud that lead to a ninety-one year old losing his life's savings. The criminals used the victim's driving licence to set up an account in his name, but under their control. They stole £90,000 over five months. When he became suspicious he contacted his bank but they refused to refund him.

Presenter: Paul Lewis

Reporter: Dan Whitworth

Researcher: Darin Graham

Producer: Alex Lewis

Editor: Emma Rippon

...more

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Money Box

By BBC Radio 4

4.1

2121 ratings

March 14, 2020

Corona Virus - the financial fallout

Listen Later

31 minutes

The financial fallout from the Corona Virus pandemic. Making sense of the help available.

And the Chief Financial Ombudsman, Caroline Wayman, tells us that the banks warnings are not good enough and that they need to do much to stop people becoming victims of so-called "push payment fraud". We report on a "never seen before" fraud that lead to a ninety-one year old losing his life's savings. The criminals used the victim's driving licence to set up an account in his name, but under their control. They stole £90,000 over five months. When he became suspicious he contacted his bank but they refused to refund him.

Presenter: Paul Lewis

Reporter: Dan Whitworth

Researcher: Darin Graham

Producer: Alex Lewis

Editor: Emma Rippon

...more

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