A Boston pensioner is warning others to be aware of PPI telephone scams after being conned out his life savings.
Lincolnshire County Council said that after being targeted repeatedly by telephone fraudsters, the 73-year-old, who didn’t want to be named, believed he was entitled to £22,000 in Payment Protection Insurance compensation.
He was repeatedly called and pressured into paying upfront fees to release the cash, which meant he handed over almost £5,000 – his life savings.
The man said: “I thought after all my years’ experiences that I’d never fall for such a scam.
“These people really had the gift of the gab and they just sounded so professional.
“I thought I’d done my research, making sure that the address they gave me was real, but they were always one step ahead.
“I felt embarrassed and angry when I realised I’d been scammed, but now I’ve come to realise that there’s no point in going over it. All I want to do now is make sure others don’t fall for the same trick.”
Principal trading standards officer at Lincolnshire County Council Kirsty Toyne is working with the pensioner to help track down these fraudsters.
She said: “If you receive a call saying that you’re entitled to a large sum of money be suspicious, especially if they ask for an initial upfront payment to release it. Do your own research and seek professional advice if you think you might be entitled to PPI compensation. Never hand over any money to someone who cold calls you.”
Anyone who thinks they may have been targeted by this sort of scam should call Action Fraud on 0300 123 2040.