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Ghost Broker Fraud - The Car insurance Scam targeting young drivers
Manage episode 491691912 series 3667779
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Cee investigates the alarming rise of ghost brokers in the UK, a scam that leaves unsuspecting young drivers like 18-year-old Wayne Simpson in dire straits. After a car accident, Wayne discovers that his seemingly legitimate insurance policy is nothing but a facade, putting him at risk of severe legal consequences. Through Wayne's story, we unravel the deceptive tactics used by ghost brokers who lure vulnerable individuals with unrealistically low premiums, often leading to devastating outcomes.
Learn how to navigate the insurance landscape, verify brokers, and protect yourself from becoming the next victim of a ghost broker. Don't miss this crucial episode that could save you from financial ruin.
Resources:
Ask MID / Motor Insurer's Database (UK Insurance checker)
https://www.askmid.com
British Insurance Brokers Association
https://www.biba.org.uk
Financial Conduct Authority
https://www.fca.org.uk
Firm Checker: https://www.fca.org.uk/consumers/fca-firm-checker
Insurance Fraud Bureau
https://www.insurancefraudbureau.org
Cheatline: https://insurancefraudbureau.org/cheatline
You can find our Transcripts on our website at www.scamshacksandfrauds.com.
The transcript and spoken audio are available under the Creative Commons, Share Alike, With Attributions license. For more information on this visit creativecommons.org.
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