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Residents warned of PPI telephone scam

The Office of Fair Trading is warning residents of another new scam which appears to be in operation on the Island.

A resident has reported an incident where they were targeted by someone claiming to be offering a refund for Payment Protection Insurance which had been mis-sold by the bank.

The caller, who knew the resident’s full name, address and date of birth, said they were from Money Saving Expert and were in the area with a cheque for £4,500.

In return they wanted £190 of UKash vouchers to cover their costs.

These vouchers are not available in the Isle of Man and the resident became suspicious and reported the call.

Anyone who receives a similar call is asked to contact the Office of Fair Trading on 686565.

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