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Money Box: Crypto-Related Fraud and Mortgage Arrears

16/03/2024

Crypto-Related Fraud and Mortgage Arrears

BBC Radio 4 - Money Box, Crypto-Related Fraud and Mortgage Arrears

New figures show an increase in fraud involving cryptocurrency.

New figures show an increase in fraud involving cryptocurrency and we look at whether more people are struggling to pay their mortgage.

The number of people falling victim to fraud involving cryptocurrency has more than doubled between 2020 and 2023 according to Action Fraud. The value of such fraud has also increased. Our reporter Dan Whitworth has met one such victim, an 86 year old in South Wales who lost over £70,000. Following a Money Box investigation she's now had her lost life savings refunded. 
We've been reporting on difficulties people are having moving from working tax credits to Universal Credit. We hear from a listener who runs an annual skinny dipping event to raise money for charity, she's been told by her work coach that all her fundraising will be considered personal income for the purposes of Universal Credit. 
In a week that some lenders increase interest rates, figures from the Bank of England show an increase in arrears on mortgage accounts. We hear how people are coping with their mortgage costs and what you can do if you're struggling to pay them. 

Presenter: Paul Lewis
Reporter: Dan Whitworth
Researchers: Sandra Hardial and Jo Krasner
Editor: Beatrice Pickup

(First broadcast Saturday 16th March 2024)

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