Internet giants allow pension scam adverts that have cost savers £10billion

  • 📰 TheSun
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 61%

United Kingdom Headlines News

United Kingdom Latest News,United Kingdom Headlines

INTERNET giants have been profiteering by allowing pension scam adverts that have cost savers £10billion. Fraudsters are able to promote themselves on the likes of Google because of “woeful lack of…

Chairman Stephen Timms said reforms giving people more choice on using pension pots has opened a new world of opportunity for criminals.Stephen Timms said reforms giving people more choice on using pension pots has opened a new world of opportunity for criminalsDESPITE pledges to clean up their act, massive tech companies still act like cowboys.

Google is raking in a fortune in advertising from dodgy firms who scam people out of their pension savings. The internet giant also gets an earner from the financial regulators who post warnings about the scammers. MPs say these monoliths get away with such outrageous behaviour because of a woeful lack of regulation.Most read in PoliticsDavid Cameron 'gave scandal-hit banker access to 11 Government departments'US VAX READYBillionaire Tory donor claims taxpayer's cash for furlough despite £1m giftsaid the lack of regulation meant there was “an online free-for-all where scammers can advertise with impunity while the tech giants line their pockets from the proceeds of their crimes”.

Source: Tech Daily Report (techdailyreport.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

A sun that shines with lies...The shield of the parasite Heard

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 64. in UK

United Kingdom Latest News, United Kingdom Headlines