Money mastermind Martin Lewis has issued an urgent warning regarding a British Airways (BA) scam. He says a number of his followers have received emails from the airline advertising a new sustainable investment product, managed by the bank Credit Suisse. The bogus email is offering victims the chance to invest in a 3.3 per cent fixed return “special debt instrument,” which comes after investing a minimum of £10,000. BA has since confirmed it’s a scam following MoneySavingExpert.com flagging the email to the airline.
If you think you’ve been scammed, don’t panic as Martin Lewis has released a list of the things you should do. If you’ve already responded to a scam, end all further communication immediately.
You should then call your bank directly and cancel any recurring payments – for speed and ease, you can alternatively call the new 159 hotline. Make sure you also report the scam to the police through Action Fraud on 0300 123 2040, or report a scam anonymously on the Action Fraud website. If you’re in Scotland, report a scam through Advice Direct Scotland on 0808 164 6000 or on the Advice Direct Scotland website. You can also report scams to Police Scotland on 101.
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If you want further help you can also contact Citizens Advice Scams Action if you via the Citizens Advice website , or call its Scams Action helpline on 0808 250 5050. Alternatively, you can contact the Financial Conduct Authority’s helpline on 0800 111 6768.
A BA spokesperson said: “We’re aware of a scam email circulating using BA Better World branding, which we’re investigating and taking the necessary action against. This email is not from British Airways and we advise anyone who receives it not to click any links and report it as spam or delete it from their inbox.”
A Credit Suisse spokesperson said: “We are concerned that UK consumers are being targeted in this way by fraudsters who are exploiting the brands of international banks, for example, through the use of fake websites.”
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