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The solicitor defrauded out of 拢750k of clients' money

The programme hears from a solicitor contacted by criminals, posing as her bank, and persuaded to transfer almost three-quarters of a million pounds of her clients' money to them.

Today the incredible story of a solicitor contacted by criminals, posing as her bank, and persuaded to transfer almost three quarters of a million pounds of her clients' money to the crooks. As a result of this crime Karen Mackie has been barred from working as a solicitor. Already facing personal financial pressures, she's now lost her livelihood and stands to lose her home after being declared bankrupt. With reports that three to four solicitors are being targeted this way every week with millions being lost, what is being done to protect our money?

Also, is a line under the costliest financial services redress scheme in history about to be drawn? With over 拢20bn already paid out , the Financial Conduct Authority is proposing to introduce a two year deadline for PPI complaints.

The level of protection given to deposits held by financial institutions is changing from 1st January 2016 from 拢85k to 拢75k. We hear from Money Box listeners about inconsistencies in how this change is being applied.

And why thousands of part time low paid workers are losing out on pension tax relief.

Presenter: Paul Lewis
Producer: Alex Lewis
Editor: Andrew Smith.

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30 minutes

Last on

Sun 4 Oct 2015 21:00

Related Links

VISHING

PPI

PENSION TAX RELIEF

CHANGES TO THE FSCS LIMIT

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  • Sat 3 Oct 2015 12:04
  • Sun 4 Oct 2015 21:00

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