Archive for month: May, 2013

Watch out for Payday loans

31 May
May 31, 2013

Looking for extra funds to see you through to payday?  Need money fast?  By choosing a Payday loan you could end up paying back more than you bargained for.

A payday loan is a loan that you get from a business, not a bank.  We’ve all seen the websites and TV adverts offering quick reliable loans to help you until your next payday but watch out, there’s more to it than meets the eye!

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Marriage scam: FX business man marries food vendor to avoid extradition

30 May
May 30, 2013

Arthur Budovsky, the man who operated a $6 billion money-laundering online scam, concealed in global currency exchange firm Liberty Reserve, has now been arrested for paying $800 to a Costa Rican food vendor to marry her to avoid extradition.

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Ex-KPMG senior partner guilty of insider trading

29 May
May 29, 2013

Scott London, a former KPMG senior partner, is facing a 20-year prison sentence and a $5 million fine after he agreed to plead guilty to insider trading.

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Common scams to avoid

24 May
May 24, 2013

As part of our on-going commitment to expose scams and malpractice in financial services, we have compiled a list of popular financial scams to avoid.

No matter how careful you are, make sure you don’t fall prey to some of the elaborate scams used to swindle you out of your hard earned money.

 Council tax refunds – You are told via email or by a cold-caller that you are owed a rebate on your council tax bill or are overpaying because your property is in the wrong tax band. You are then asked to hand over your bank or credit card details so your money can be refunded.  HM Revenue & Customs (HMRC) will never send notifications of a tax rebate by email, or ask you to disclose personal or payment information by email.  If in doubt contact your local tax office.

Council tax discount – You are told that if you start paying by direct debit you will get a discount – but first you need to pay an administration fee.  Don’t give your bank details to anyone that contacts you by phone or who calls in person and don’t let anyone into your home without seeing appropriate identification.  Again if in doubt, contact your local tax office. Read more →

Tax Credit Fraud: HMRC Issues warning

22 May
May 22, 2013

During last year’s tax credits renewals period, between April and July, approximately 22,000 scam emails were reported to HM Revenue and Customs (HMRC).

Now that the renewal deadline is drawing ever closer on UK residents’, the HMRC is in the process of issuing several warnings to the public in an attempt to reduce the number Read more →

Calling for aggressive action to stop cloned firms

16 May
May 16, 2013

It came to our attention last week that the deVere Group has been cloned in an elaborate scam taking place in the UK.

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MI5 warns of scam

15 May
May 15, 2013

In an unusual occurrence earlier this year, British security agency MI5 issued an advisory statement via their website warning the public of a scam that had embroiled the UK Security Service.

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Nigel Green talks about deVere Group clone on BBC Radio 5

13 May
May 13, 2013

After the recent scam revelations that saw fraudsters posing as financial advisers from top international firms, including the deVere Group, CEO Nigel Green was invited to speak on BBC Radio 5.

Nigel was one of a number of guests, including Action Fraud which investigates this form of crime in the UK.  The show highlighted the deep problems many financial institutions are facing in the battle against fraudsters who are undoubtedly damaging the reputation of wholly legitimate companies such as the deVere Group.

The presenter, Adrian Goldberg, asked Nigel various questions about how deVere found out that a firm had been set-up to deliberately imply it was part of our highly successful UK brand, how the fraudsters have been trying to take deVere’s identity, and what assistance the authorities have given on this matter.

Nigel actively campaigns against these types of misconduct, illustrating the dismay in how the personal assets of affected individuals are at stake. Nigel communicates his resolve against such crimes through the Nigel Green Blog and his YouTube podcasts.

The deVere Group are one of the most regulated International Financial Advisers in the world and are committed to transparency, offering the very finest and trusted advice in the industry.

If you are in any doubt that the advice you have been given is not legitimate, please email our customer service team:

[email protected]

To read CEO Nigel Green’s blog, click here

Seven arrested over pension access scam

10 May
May 10, 2013

Earlier this week seven people have been arrested on suspicion of being part of an organised crime gang behind a pension investment scam – the new boiler-room fraud.

Detectives entered a City of London office that was being used as a call centre with about 40 staff, seizing several computers and documents. After the search, police arrested three men, followed by further arrests in Ayr, Glasgow and Cheshire on suspicion of organising a pension scam.

In total, seven men were arrested on suspicion of conspiracy to defraud and money laundering. The arrests form part of a multi-agency clampdown on the pension liberation scams which promise people early access to pension funds in return for up to half the money.

The suspected scam gang dismantled by the police has been cold-calling and text messaging people across the UK with fraudulent offers.

Thousands of people, often desperate for cash through redundancy or escalating debts, are being caught in these scams.

The City of London police said that up to £400 million has been moved into high-risk and non-existent investments, with many being based overseas – some of which money has been totally lost to scammers, or subject to significant tax and admin fees.

“A collective desire to find a higher return on savings is at the heart of the problem, with the promise of pension loans or cash lump sums acting as an added incentive for people to raid pension pots”.

deVere Group Scam – deVere gets imitated!

09 May
May 9, 2013

It recently came to our attention that the deVere group are being imitated in an elaborate scam taking place in the UK.

Some say being imitated can be the highest form of flattery! However, in this case we beg to differ.

As a world leading multinational company, we are continuously attacked by people who maliciously try to tar the reputation of the deVere group.  With over 70,000 clients worldwide and $9bn under advice and management, we know that we are doing something right.

In this new elaborate scam addresses, websites, contact numbers and stationary have all been produced to look very convincing to the unsuspecting public.

Some investors have been contacted, visited and persuaded to invest in counterfeit investments with fraudsters even adopting the names of legitimate financial advisers.

The deVere group are not the only company who have been imitated. Several others have also been fraudulently cloned with a list being made available in a recent FT article that can be read here.

The deVere group work hard to ensure that we protect our client’s interests which is why we recently launched this deVere Group scam blog.  If you have any doubt that the advice you are receiving is not genuine, we encourage you to contact deVere direct by emailing

[email protected]