Edinburgh crime news: Police give advice after a number of high-value frauds in the capital targeting elderly victims

Officers have confirmed that ‘cold callers’ by individuals claiming to be from various banks defrauded elderly people in Edinburgh.

The victims were informed that there were problems with their investments and security concerns were raised.

They are then asked to create a new bank account to merge their funds and transfer their money to this new account.

It also happens that the fraudster tries to download software on the electronic device of the victim to control his money.

The funds are then transferred into cryptocurrency.

The number of high-value frauds has led police to issue advice to help people be more vigilant.

In a social media post, they wrote: “Audiences need to remember these 4 key points:

Edinburgh crime news: Police give advice after a number of high-value frauds in the capital targeting elderly victims

“Banks don’t cold call customers with such instructions.

“The public should fully protect their savings from criminals.

“Do not act on instructions provided by unknown callers.

“Do not give callers any personal information that would allow them to access your finances.

“If in doubt about the legitimacy of the callers, contact your bank branch, bank customer service or investment company directly.”

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