Urgent warning over ‘scam’ banks WON’T refund as victim loses £190k – don’t get caught out

Urgent warning over ‘scam’ banks WON’T refund as victim loses £190k – don’t get caught out …C0NTINUE READING HERE >>>

BRITS have been warned over a “scam” which banks won’t refund – after a victim lost £190,000.

Ruth Fretwell, 63, from Brighton, invested the inheritance from her mum in a property development scheme.

When the scheme failed, Ruth hoped she would be refunded by Barclays.

But the bank said it would not refund her – because the scam was a Ponzi scheme.

A Ponzi is a fake business where new investors’ money is used to pay profits to older ones.

Ruth was one of around 140 people who ploughed…

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