If you’re one of the millions of people who have lost millions of pounds over the last few years by being caught up in sex apps scams, you’re not alone.
The latest round of data from Life360 reveals that more than one million people have been hit with the cash scam, which can cause serious financial damage and lead to lost savings.
Life360 said the figures were “the highest number of money scams that we have ever seen”.
We have a lot of people reporting being approached by fraudsters, and we’re working with a number of organisations to help them identify and tackle the frauds that are happening, the company said.
We have also seen a rise in the number of people using cash apps to pay for things online and to make fraudulent payments.
We’re working to educate people about what’s happening to them.
“We know that the money scams are out there, they’re happening.”
But this is not something we’ve seen on a massive scale, but we do know that we are seeing a lot more people getting caught up.
“And so we’ve decided that it is important that we get as many people out as possible so that we can help to tackle the issue, which we do.”
This is the most sophisticated scam in the industry.
“The fraudsters will demand cash, which they can then use to make a fake online account, then use the fake account to pay someone else to complete a transaction.
In a statement, Life360 said: “Many people who are approached by cash app fraudsters use the money they have lost as a way of funding their purchases.”
While some people pay people online to make fake accounts, others pay people to make bogus phone calls and others try to make the fraudster pay by using the victim’s credit card.”
It’s a clever way to fund their own purchases.
But in a very big way it can cost them their life.
“The latest figures, published on Thursday, revealed that at least 1.7 million people had lost more than £3,000 over the past five years, and that one million more people had been victims of money-losing scams.”
The frauds are happening because the money is getting taken out of people’s pockets and people are not paying it back,” said Dr Claire Young, CEO of the Crime Prevention Research Centre (CPRC), which studies frauds involving cash, credit and debit cards.”
There’s an awful lot of money being wasted.
“The BBC has spoken to dozens of people about their experiences, and found many have struggled to make ends meet, or even find work.
In one case, a woman was told she could spend up to £1,500 on an iPad app called “Hotel X” and had to sign up for it as an extra cost to make it worthwhile.
She then found herself locked out of her account, unable to pay her bills or make any other payments.
She said:”I just thought, ‘If I lose my house I’m going to have to move and I don’t have a job, what are my options?'”
Then I got into this whole app thing, and I had to take out an extra £2,000 to get the hotel up and running.”
I didn’t have any money left to pay my rent, I couldn’t pay my bills and I didn’t want to take it to the bank to get a loan.
“Dr Young said the scam was a common way of avoiding paying for items on the internet, such as clothing or shoes.”
People are very vulnerable because the cash app is the easiest way to avoid paying for things that are out of their reach.
“Most people who get caught in this are actually victims of the same scam that the cash fraudsters are.”
They’re not using the money that they’ve lost to pay a bank.
They’re using the cash that they have already stolen from others.
“In another case, Dr Young said: ‘A young woman had to pay £50 on an app called ‘Dance’ and the cash she was using was taken from her bank account, so she had to go and get a refund from the company.'”
She didn’t pay anything, she just sent us a message saying that she had been tricked and that she didn’t know who had done it.
“So the next time she comes in for a loan, she’s going to need to pay back the money.”
She has to make sure that she has a bank account or a credit card so that she can pay the bank back.
“Dr Yousif is a lecturer at Manchester Metropolitan University who has been researching money-loss scams for years.
She says it is not uncommon for people to lose their money, but is quick to point out that this is a scam.”
These scams are incredibly effective.
They’ve actually made money for people,” she said.”
Sometimes it’s a one-off scam, and it’s hard to know who