Prep school falls victim to £240,000 ‘bank details’ fraud

The Comet is reporting that a Hitchin school has fallen victim to a bank fraud and lost nearly £250,000 to conmen. 

Independent prep school Kingshott fell prey to fraudsters pretending to represent Hitchin building company Ashe Construction, which has been working at the Stevenage Road school in recent months.

The school cut the ribbon on its new Robinson building last month – the project has provided new classrooms, purpose-built music, art, food technology and science rooms, as well as changing rooms and a performing arts studio. 

But the tricksters mocked up a fake letterhead and got in touch with the school to ‘inform them of a change in banking details’.

The school processed the false information and sent a payment of £240,000.

A spokesman confirmed this week: “We have been the victim of bank mandate fraud to the sum of £240,000. 

“The school has engaged with the police Action Fraud UK centre which is investigating. 

“The loss will have no detrimental effect on the school, staff or the children – or on any future planned developments…” 

More at: Hitchin school falls victim to £240,000 fraud

 

This ‘change of details’ scam seems to be a big one at the moment – please be careful as the bank will not, I believe, cover you for losses if you fall for it.

 

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