Savings

Nationwide issues warning as widower ‘runs out of savings’ in vicious scam | Personal finance | Finance

Nationwide tries to protect its customers and Britons in general from scams. A few years ago, the building society shared the story of Walter, who was devastated when his wife died aged 57.

The couple had been together since school and Walter found it difficult without his constant companion.

Walter said: “I just felt empty and useless without her. But she always said she wanted me to meet someone else and start over.

“But how do you meet new people at my age? Apparently everything is happening online now.

Driven by his wife’s dying wish, Walter decided to join a dating site in hopes of connecting with someone new.

READ MORE: Triple lockdown warning as ‘perennial threat’ rises – ‘Huge price!’

He continued: “Then things got more serious with a rescue operation for which she needed more money.

“There was medicine and a wheelchair – it all added up. Then my savings ran out and I never heard from her again.

Unfortunately, Walter fell victim to what is commonly referred to as a romance scam, where genuine dating apps can be exploited by scammers.

Nationwide explained: “Over time, scammers build relationships online based on trust and do what they can to make people think it’s real.

“Eventually they start asking for money. And they use emotional manipulation and exploitation to lure people in.

“They claim the money is for everything from medical bills for a sick relative or travel money to come and visit you. These are lies. They are not who they claim to be. »

Once the money is sent, it is unlikely to be recovered, as scammers get away with a victim’s hard-earned money.

Nationwide is urging those who have already sent money to contact the building society immediately for help.

To protect their money, Brits should always be careful when using these kinds of apps.

Conversations should be kept on trusted apps and websites, as scammers often try to take interactions outside of them so they can’t be tracked.

Searching for someone you met online is also a smart move, as it helps people confirm if someone is who they say they are.

Finally, Nationwide suggests arranging interactions with trusted friends and family members, as they may detect something suspicious.