Tag Archives: fraud

• Elderly fraud victims in Wales losing £35,000 a day to “tidal wave” of scams
• Government’s refusal to confirm further energy support payments leaves people “living in limbo”
• Partygate: Prime Minister must back Committee’s findings

Elderly fraud victims in Wales losing £35,000 a day to “tidal wave” of scams

Elderly fraud victims are facing a “tidal wave of scams” with losses of over £35,000 million a day, shocking new figures uncovered by the Welsh Liberal Democrats have revealed.

The party accused the Conservatives of being “asleep at the wheel” in the fight against fraud, and called for an urgent strategy to protect victims including the vulnerable and elderly from online scams.

The figures were revealed through a Freedom of Information request by the Welsh Liberal Democrats to Action Fraud, covering all fraud cases where the victim was 65 or older over the past four years. They show a staggering £51.2 million has been lost in total, meaning over-65s across Wales are losing £35,087 to fraud each day.

The analysis shows that elderly fraud is on the rise, jumping from 1,847 recorded cases in 2019 up to 3,366 cases in 2022. Financial losses were also at a new high in 2022 – with pensioners losing nearly £16.5 million, up from £6.8 million in 2021.

Since the beginning of 2019, more than 12,000 cases of fraud against pensioners have been logged in Wales.

The Welsh Liberal Democrats have criticised the Conservative Government for shirking its responsibility to tackle fraud. The Home Office has failed to publish the Fraud Strategy it promised in March 2022, which replaced 2021 plans for a national Fraud Action Plan that never materialised.

The party is demanding that the Government urgently publish its Fraud Strategy after months of delays. They are also calling for the creation of an Online Crime Agency that would coordinate work across the country on tackling online fraud.

Commenting on the shocking figures, Welsh Liberal Democrat Leader Jane Dodds MS said: