The authority’s sharp fraud warning: “Never do business”

The authoritys sharp fraud warning Never do business

In recent years, more and more warnings have been directed to the public due to the increased number of frauds that hit Swedish private individuals ever harder.

In 2023, criminal profits for fraud increased by as much as 22 percent compared to the year before. The total criminal profits landed at SEK 7.5 billion.

According to the police, the profits are reinvested in new criminal schemes such as drugs and weapons.

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Fraud increased by 22 percent in 2023 compared to the previous year. Photo: Caisa Rasmussen / TT

Crime profits for fraud 2023

Profits of Crime 2023 by Fraud Type:

  • Investment fraud: SEK 2.3 billion.
  • Telephone fraud: SEK 708 million.
  • Romance fraud: SEK 470 million.
  • Card fraud without a physical card: SEK 344 million.
  • Fraud where a person impersonates a company or authority: SEK 329 million.
  • Source: The police

    Icas urges the public

    The increased number of frauds has resulted in a number of companies, banks and authorities issuing information, calls and direct warnings to fraudsters who pretend to be them in order to trick individuals into private information such as bank details and passwords.

    One of the latest examples of companies warning customers is Ica Banken. They, like many other banks, are part of the initiative “Svårlurad” which is based on enlightening and informing individuals, above all the elderly, about fraud and what distinguishes it.

    Therefore, they recently went out and informed about how you can prevent falling into the clutches of the fraudster by sharing several tips, including increasing knowledge and informing each other.

    READ MORE: Ica Bank’s sharp appeal: “Help them”

    Photo: Christine Olsson/TTSkatteverket warns of new frauds

    In October, the Swedish Tax Agency also issued a cabinet warning.

    It then involves new attempts to pretend to be the authority. But in fact, it is fraudsters who are behind the new, cunning attempts to get at you and your money.

    By sending out “forms” that you have to fill in to get your tax refund paid, they try to deceive unsuspecting individuals. They send fake forms and set up scam websites to gain trust.

    “As you can see on that page, there are more attempts to use the Tax Agency’s name and therefore we show current examples. It is a fixed page that we link to when it becomes relevant due to scam emails or text messages. The information on that page is the same as before, however the top image example is from yesterday,” wrote the Swedish Tax Agency’s IT director Peder Sjölander to News24 in connection with the warning being issued.

    READ MORE: The Tax Agency warns: New frauds have gained momentum

    Photo: Janerik Henriksson/TT

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    The authority warns you

    Recently, however, several companies have started to appear on the radar of a specific authority.

    It is the Financial Supervisory Authority, FI, which in a press release is now warning the Swedes about four companies that offer financial services.

    The companies in question are BT-Norden, Handelsrummet, Lloyd Markets and Swisscoinco/Online windows llc company. All four do not have permission from the Financial Supervisory Authority to conduct activities based on advice, financial services or other financial activities in Sweden.

    “Nor have any cross-border activities for the companies been reported to FI from any other EEA country. The four companies also do not have permission to conduct financial activities according to the supervisory authority in the country where each company states that it is domiciled,” they write about the companies on their homepage.

    READ MORE: Fraudsters’ cunning scam: Fake letters about your grave site

    Photo: Tomas Oneborg/SvD/TTFI: How to avoid investment fraud

    In connection with the warning they addressed to the public, FI also shares several tips that are important for you to consider, so as not to risk being deceived by any of the companies. The risk exists because they are not under the supervision of the Financial Supervisory Authority.

    DON’T MISS: Fraud alarms follow each other – the police: “High number”

    According to FI, you should consider this:

  • There are no quick, safe or easy investments.
  • Always be skeptical of anyone who offers you the opportunity to invest. Above all via social media, via messages and calls or via email.
  • Never do business with companies you don’t know or have knowledge of.
  • Always be careful with your own BankID and do not let unknown people access your computer or phone.
  • Always check the companies you may be considering doing business with. Check with FI if the company has a permit and avoid those on the authority’s warning list.
  • READ MORE: News today – current news from Sweden and the world

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