Dec 17 - MCO Capital
The City of London Police has now received more than 4,000 statements from people affected by a major loans repayment fraud against MCO Capital.
The responses came after more than 7,000 letters were sent to people whose personal details may have been used by fraudsters to make false loan applications to the Finnish company.
A second batch of 1,000 letters have now been posted out by the investigation team.
Det Insp Perry Stokes said:
“I would like to thank everyone who has taken the time to provide us with details about the false loans taken out in their name. The excellent response has provided us with a clearer picture of the nature of this fraud and given us an excellent platform to take this investigation forward.”
As the enquiry continues to develop, five people remain on police bail following arrests in October and November in London and across the South East.
The investigation team continues to work closely with MCO Capital, which also trades under the names Help Loans and Balance Loans.
Anyone who has received false demands for loans in connection with this matter and has yet to report this as a criminal matter should contact MCO Capital via the new address of:
MCO Capital Ltd, PO Box 6024, Warwick, CV04 9NL
They can also call 0844 8797688 or email lossprevention@mcocapital.co.uk.
A simple letter declaring you have not taken out a loan along with confirmation of your name and address should ensure enforcement action to reclaim the loan is put on hold, pending the police investigation.
People affected by the fraud can contact the investigating team by leaving a short message on 020 7164 8222 or email operationgalloway@cityoflondon.police.uk
For further advice on fraud prevention visit www.actionfraud.org.uk
