PENSIONERS across Blackpool have been warned to be on their guard against fraudsters after a 91-year-old was conned out of his life savings.
The victim was hoodwinked into purchasing worthless stock in an overseas company in what is known as a boiler-room scam, where retired people with access to savings are targeted.
The initial approach comes with a cold-call from a sales person who convinces the victim their investment will guarantee them a big-money return.
In the latest incident, the victim - from Preston - was tricked into handing over £4,000.
Det Con Tony McClements, from Lancashire Police’s Economic Crime Unit, admits even he was shocked by the latest incident.
He said: “I have spent 14 years specialising in the investigation of fraud.
“The depths to which fraudsters will stoop never ceases to surprise me and to deliberately target a 91-year-old in this manner is shocking.”
Anyone with concerns can contact Action Fraud at www.actionfraud.police.uk.