Your son was a money launderer, says TONY HETHERINGTON

Logo Daily Mail
Daily Mail
By Tony Hetherington

Tony Hetherington is Financial Mail on Sunday's ace investigator, fighting readers corners, revealing the truth that lies behind closed doors and winning victories for those who have been left out-of-pocket. Find out how to contact him below.

Ms M.D. writes: I hope you can assist my son Jack. In 2017, when he was 17, he had his Barclays account unexpectedly closed. When we pressed, Barclays explained that someone had deposited money in his account from an account which was 'flagged'.

Since then, Jack has been blacklisted by every financial institution in the country. He cannot have a bank account.

Fraud prevention body the Credit Industry Fraud Avoidance System (Cifas) confirmed there is some - thing recorded against his name, but will notremove it as it feels Barclays acted with a valid reason.

Tony Hetherington replies:Intentionally or unintentionally, your son was a young, naive money launderer. He is now paying the price for letting other people pass thousands of pounds through his bank account so their dodgy dealings would be traced back to Jack and not to them.

Your letter says that 'someone' deposited money in his account, which makes it sound as if the cash was never withdrawn and came as a complete surprise to him. But when I asked for details, you explained that Jack had been operating a small business with a friend, buying clothing that they reckoned they could sell online at a profit.

Jack decided to try this on his own, and found himself doing business with someone who asked for his bank details. Jack gave his full online bank account details, and even his address and phone number everything that was needed to allow deposits and withdrawals to be made.

Continue read on dailymail.co.uk

Logo Daily Mail
Tony Hetherington is Financial Mail on Sunday's ace investigator, fighting readers corners, revealing the truth that lies behind closed doors and winning...

Logo Daily Mail
Tony Hetherington is Financial Mail on Sunday's ace investigator, fighting readers corners, revealing the truth that lies behind closed doors and winning...

Logo Daily Mail
Moved on:Caroline Harraway now runs a nursery and fitness centre Tony Hetherington is Financial Mail on Sunday's ace investigator, fighting readers corners,...

Logo Nasdaq
Adds detail, background STOCKHOLM, March 24 (Reuters) - Swedbank SWEDa.ST has been informed by the Estonian Central Criminal Police that it suspects the...

Logo Bitcoin.com
The U.S. Justice Department has seized bitcoin stolen from an elderly man in a government imposter scam and will be returning the cryptocurrency to him. “The...

Logo Coinpedia - Fintech & Cryptocurreny News Media
Over a period of decades, we have grown to believe that its best to trust the financial intermediaries with our hard-earned. And it indeed made sense for a...

Logo EIN Presswire
Cyber-Forensics.net Cyber Forensic Specialist Love-related fraud schemes are a multimillion-dollar industry costing over $40 million in losses. Look at...

Logo Daily Mail
Online shoppers face chaos as banks and retailers are compelled to ramp up security checks. Under rules coming in next week, customers will be sent a code by...

Logo Indiatimes
BJP MP Nishikant Dubey said in the Lok Sabha on Friday that crypto is used for paying bribes and laundering money, even as the lower house moved to pass...

Logo Nasdaq
RIO DE JANEIRO, March 7 (Reuters) - Peles son Edinho took over as coach of minor club Londrina on Sunday and led the team to a 1-0 win before reassuring fans...

Logo Daily Mail
My wife and I are ready to start a savings pot for our toddler son which we will put money in to each month, alongside birthday and Christmas cash. We're...

Logo CoinGeek
The U.S. Department of Justice (DoJ) has announced the sentencing of three men accused of operating an illegal BTC business that allegedly allowed its...

Logo CoinGeek
https://www.youtube.com/watch?v=PuyhEl6dUYA Joshua Henslee spoke to SLictionary founder John “Jack” Pitts recently about BSV and dedicating the next 20 years...

Logo Indiatimes
TechnologyBy Pti28 Mar
New Delhi: Assets worth Rs 90.31 crore of a Gurugram-based Educomp Group company have been attached under the anti-money laundering law in connection with an...

Logo EIN Presswire
Antonio Velardo Journalists following the Credit Swiss leak have mistaken Antonio Velardo's accounts as secret and hidden from the authorities which is a...

Logo Indiatimes
After a no-show for the past couple of years, Rishi is expecting an annual bonus this year. He is eagerly looking forward to it, though he is yet to decide...

Logo BBC news
Media caption, Graeme served with the RAF for 22 years before fraudsters stole every penny he had - nearly 800,000 It all came to a head on 8 February. I...

Logo CBC
Toronto MP Kevin Vuong hopes to earn his way back into the Liberal Party and didn't resign after he was elected because he thought it would be viewed as an...

Logo Business Standard
Assets worth Rs 90.31 crore of a Gurugram-based Educomp Group company have been attached under the anti-money laundering law in connection with an alleged...

Logo CBS News
Markets25 Mar
Imagine getting a bunch of tax documents telling you and the IRS about a large sum of money you made when, in fact, you never received a penny of it. Why?...