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Crime

Over £2m lost in Dyfed-Powys to investment fraud last year

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CRYPTOCURRENCY FRAUDS MOST COMMON SCAM TYPE, SAYS ACTION FRAUD

MORE than £649 million was lost to investment fraud across the UK in 2024, with over £2 million of that total lost in the Dyfed-Powys Police area.

New data from Action Fraud shows a worrying rise in the scale and impact of scams, even as the number of individual reports has fallen.

A total of 25,843 reports of investment fraud were received last year — a 7 per cent decrease compared to 2023 — but the financial losses jumped by 13 per cent, highlighting that scams are becoming fewer but more costly.

The most common type of fraud involved cryptocurrency, featuring in 66 per cent of all reports — up 16 per cent on the previous year.

Criminals targeting all age groups

The age group most likely to be targeted was 35 to 44, but those aged 55 to 64 suffered the highest financial losses, according to the figures.

Investment fraud typically involves criminals persuading victims — often out of the blue — to put money into high-return schemes or products that are either worthless or entirely fictitious. Popular cons include investments in foreign exchange, gold, precious metals, overseas timeshares, and cryptocurrency.

‘If it sounds too good to be true…’

Detective Superintendent Oliver Little, from the City of London Police, which leads the national response to investment fraud, said: “Investment fraud continues to be a key focus area because of its prevalence — which is evident from the stark figure of £649 million lost last year.

“It may seem obvious, but we always stress the age-old saying: If it sounds too good to be true, it almost certainly is.

“These fraudsters are often highly skilled at making their pitch sound convincing. Don’t be tempted by the promise of ‘easy money’ — legitimate investing is never simple or risk-free.”

He added that people should always research opportunities independently, check the Financial Conduct Authority (FCA) register, and avoid taking advice from strangers or over social media.

Social media: A fraudster’s playground

Social media continues to be a key enabler for fraud, with 36 per cent of investment scams starting on a platform. WhatsApp was the most common, used in 40 per cent of scams, followed by Facebook (18 per cent) and Instagram (14 per cent).

Criminals often impersonate well-known celebrities to gain credibility. In 2024, the most impersonated figure was money-saving expert Martin Lewis — whose name was used in 44 per cent of these cons. Other popular names used by scammers included Elon Musk (40 per cent) and Jeremy Clarkson (8 per cent).

Action Fraud said AI-generated images and deepfake videos were increasingly being used to give scams a false sense of authenticity.

Warning signs to watch for

According to Action Fraud, there are several red flags that often signal a fraudulent investment opportunity:

  • Contact via social media or WhatsApp: Unsolicited investment messages are a major red flag. Block and report the sender.
  • Promises of guaranteed high returns: Cryptocurrency and trading frauds made up 75 per cent of all scam types. Be sceptical of anyone promising returns of 10–20 per cent or more.
  • Use of celebrity endorsements: Fake ads using celebrities like Martin Lewis and Elon Musk cost UK victims over £10 million last year.

How to protect yourself

  • Take your time: Legitimate companies will never rush you into investing.
  • Get advice: Speak to someone you trust, or consult a qualified financial advisor.
  • Check the FCA register: Make sure the company is authorised. If it’s not, you won’t be protected if something goes wrong.
  • Be wary of recovery scams: Victims are often targeted again by criminals claiming they can recover lost funds — for a fee.

Help and advice

If you’ve been a victim of investment fraud:

  • Contact Action Fraud via www.actionfraud.police.uk or call 0300 123 2040 (England, Wales, Northern Ireland).
  • In Scotland, call Police Scotland on 101.
  • Report unregulated firms to the FCA using the form on their website or call 0800 111 6768.
  • Check your credit rating regularly in case of identity theft.
  • Seek legal advice — fraud cases can also give rise to civil legal claims, including the tort of deceit and breach of contract.

For tips on staying safe, visit: https://www.fca.org.uk/scamsmart or https://stopthinkfraud.campaign.gov.uk

Crime

Man spared jail after baseball bat incident in Milford Haven

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Judge says offence was so serious only a prison sentence was justified

A 44-YEAR-OLD has been given a suspended prison sentence after admitting carrying a baseball bat in a public place during an incident in Milford Haven.

Ian Parker, of Cwrt Garreg, Cefn Glas, Bridgend, appeared for sentence at Haverfordwest Magistrates’ Court on Tuesday (Dec 9).

The court heard that on Tuesday (Oct 29), Parker travelled to Prioryville, Milford Haven, where he was found in possession of an offensive weapon — a baseball bat — without lawful authority or reasonable excuse.

Earlier hearings were told that Parker believed his son was at risk and had travelled from Bridgend to Milford Haven. During the incident, another man was struck with the bat before Parker left the scene. Parker later admitted the offence and entered a guilty plea on November 18, with sentencing adjourned for a pre-sentence report.

Passing sentence, District Judge M Layton said the offence was so serious that only a custodial sentence could be justified.

Parker was sentenced to 36 weeks’ imprisonment, but the sentence was suspended for 24 months after the court accepted there was a realistic prospect of rehabilitation.

He will be subject to 24 months of supervision and must complete 200 hours of unpaid work within 12 months. The court also imposed a rehabilitation activity requirement of up to 25 days, requiring Parker to attend appointments and take part in activities as directed by probation services.

The baseball bat was ordered to be forfeited and destroyed under the Prevention of Crime Act 1953.

Parker was also ordered to pay £85 in prosecution costs and a £187 surcharge, to be paid in full within 28 days.

The judge warned that any breach of the suspended sentence order could result in the prison term being activated.

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Crime

Rogue roofing traders had millions pass through accounts, court told

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Sentencing delayed as judge considers scale of long-running Pembrokeshire scam

A PAIR of rogue Pembrokeshire traders had more than £2.7 million pass through their bank accounts while operating what a judge described as a sophisticated fraudulent roofing business.

Thomas James, aged 38, and Jim Janes, aged 55, appeared at Swansea Crown Court on Friday (Dec 12) in connection with a Narberth-based roofing scam which spanned several years.

The court heard that over a five-year period the men ran a business which prosecutors said was fundamentally dishonest, with more than £500,000 believed to have been taken from customers through fraudulent work.

In remarks made during the hearing, the judge said the case went beyond dishonest trading, describing the defendants as builders who were not only dishonest but also incapable of carrying out the work they claimed to offer.

Expert evidence presented to the court showed the pair were unable to deliver the standard of work promised, with no credible evidence of satisfied customers. Large sums of money were seen flowing through their accounts, which the judge said demonstrated unlawful trading rather than legitimate business activity.

“This was not a case of people trying and failing to run an honest business,” the judge said. “It was a sophisticated operation set up to defraud customers.”

It was agreed that more than £500,000 had been generated from dishonest elements of the work carried out.

In mitigation, defence counsel said there had been some legitimate trading and that personal circumstances had contributed to a decline in standards. The court was told that not every job undertaken was fraudulent and that both men had accepted responsibility.

However, the judge raised concerns about how best to sentence the defendants given there are two separate indictments relating to the proceeds of the scam. Apologising to victims, the judge said the case could not be concluded on the day.

Sentencing was adjourned to Wednesday (Dec 17) at 2:00pm.

The Pembrokeshire Herald has been following this case for several months. It has been before the courts on several occasions this year.

At an earlier hearing at Swansea Crown Court in August, the court was told that the investigation into James and Janes had identified dozens of alleged victims across Pembrokeshire and west Wales.

Prosecutors said homeowners were persuaded to pay large sums upfront for roofing and construction work which was either left incomplete or carried out to a dangerously poor standard, in some cases leaving properties damaged.

During those proceedings, it was alleged that around forty victims had already been identified, with investigators warning the true number could be significantly higher as enquiries continued.

A separate but linked case could bring the total number of alleged victims to 140, making this the largest case of its type in Wales.

The prosecutions have been led by National Trading Standards Investigations Team (Wales) based at Newport City Council

The court previously heard that the men had handled criminal proceeds running into tens of thousands of pounds and that further victims could yet come forward.

The Herald understands that the scale of the operation, the movement of money through multiple accounts, and the long duration of the offending are all factors being considered ahead of sentencing later this month.

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Crime

Rural cannabis factory exposed after five-year operation in Carmarthenshire

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Family-run drugs enterprise brought in millions before police raid during lockdown

A FAMILY who relocated from England to a remote Carmarthenshire farm ran a highly organised cannabis production operation worth millions of pounds before it was uncovered by police.

Edward McCann, aged 66, his wife Linda, aged 63, and their son Daniel, aged 41, were jailed after admitting their roles in what prosecutors described as one of the most sophisticated cannabis factories ever uncovered in Wales.

The court heard that the McCann family made over £3.5m over five years

The operation was based at Blaenllain Farm, near Whitland, where the family had moved from Portsmouth. Although the property appeared to be an ordinary agricultural holding, locals became suspicious after extensive security fencing, CCTV systems and a lack of any livestock raised questions.

Police eventually raided the site during the Covid lockdown in October 2020, discovering a large-scale drugs factory operating from a converted barn.

Inside, officers found six purpose-built growing rooms containing cannabis plants at different stages of development. Upstairs areas were being used to dry harvested plants, while ovens were used to process cannabis resin and manufacture cannabis-infused products, including chocolate bars.

Investigators later estimated that the operation had generated around £3.5 million over a five-year period.

Two men had also been recruited to help maintain the crop. Justin Liles, aged 22, from St Clears, and Jack Whittock, aged 30, from Narberth, were found working on the site at the time of the raid and were later jailed for their involvement.

Jack Whittock and Justin Liles were two worked in the cannabis factory

Edward McCann was arrested at the farmhouse, while Daniel McCann — who owned the property but was living in Hampshire — was later arrested in Portsmouth in February 2021.

During sentencing at Swansea Crown Court, the judge rejected Edward McCann’s earlier claim that the cannabis was largely for personal medical use following a leukaemia diagnosis. The court heard that electricity had been illegally drawn from the National Grid to power high-intensity lighting and ventilation systems required for large-scale cultivation.

Judge Geraint Walters said the operation had been so extensive that it was unlikely to escape notice indefinitely, noting that the unusual security measures and lack of farming activity would have drawn attention in an agricultural area.

The cannabis plants seized during the raid were valued at up to £460,000, with finished products weighing around 80 kilograms and worth as much as £1.5 million.

Edward McCann was sentenced to seven years and seven months in prison, Daniel McCann received eight and a half years, and Linda McCann was jailed for six years and seven months. Liles was sentenced to 22 months, while Whittock received two years and ten months.

At a Proceeds of Crime Act hearing, the court heard that Edward McCann had personally benefited by almost £1.8 million. He was ordered to repay £340,000 within three months or face an additional four years in prison. Daniel McCann was given the same repayment order and penalty.

Linda McCann, said to have profited by £1.45 million, was ordered to repay £335,000 or face a further three years behind bars.

The court was told that failure to pay would not cancel the financial obligations, even if additional prison sentences were served. Further hearings are continuing to determine confiscation orders for the two hired workers.

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