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Abuse of position of trust.

What it is

When someone abuses their position of authority or trust for personal or financial gain, or so that someone else loses money or status.

Protect yourself

  • Make sure you have complete confidence in anyone you entrust with your finances to make decisions on your behalf. Don’t be afraid to change your mind in future.
  • Grant the trust to more than one person to make joint decisions (so everyone in the position of trust has to agree on decisions together).
  • You’ll need to be prepared to challenge suspicious behaviour if you’ve been given a position of trust alongside someone else.

Spot the signs

  • You’re being pressured into making a decision by someone you’ve given a position of trust to.
  • You’re being intimidated or told to keep certain dealings secret from other trustees.
  • You notice something suspicious in the finances of the person who has entrusted you, such as a large purchase or bank transfer.

How it happens

Friends, family members, carers or company employees may be asked to look after your personal or business finances. They may instead take advantage of their access to bank accounts or information for their own benefit, or misuse the assets of a business to embezzle funds for themselves.

If you have been given a position of trust, it is your responsibility to keep a close eye on the individual’s finances, particularly if they are vulnerable. Handle bills and statements with care and shred them before throwing them out.

How to report it

If Fraud has been committed report it to Action Fraud. For more advice and to raise any concerns, contact the Office of the Public Guardian.

Source - Action Fraud

Date Published: Jul 23, 2018

Types of fraud

A-Z of fraud

To help understand which fraud you've been affected by, we've categorised them into an alphabetical list.

What is fraud and cyber crime?

Fraud is when trickery is used to gain a dishonest advantage, which is often financial, over another person.

Advance fee fraud

Advance fee fraud is when fraudsters target victims to make advance or upfront payments for goods, services and/or financial gains that do not materialise.

Corporate fraud

Corporate fraud can be any fraud committed against a business.

Individual fraud

Individual fraud could be any fraud that targets a person directly. Individual frauds can differ from frauds affecting businesses and other organisations.

Online fraud

Some fraudsters rely on the internet to commit their crimes. Learn about some different types of internet frauds that and how to protect yourself and get safe online.

Identity fraud and identity theft

Identity theft is when your personal details are stolen and identity fraud is when those details are used to commit fraud.
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