Tuesday 16 June 2026
FTSE 100 10,445.17 -0.25%S&P 500 7,554.29 +2.16%Nasdaq 26,683.94 +3.39%Dow 51,671.03 +1.62%Nikkei 225 69,404.50 +0.13%Gold $4,356.60 +0.66%Silver 70.16 +0.13%Brent Crude Oil $81.91 -1.51%Dollar Index 99.64 +0.01%GBP/USD 1.3418 -0.24%GBP/EUR 1.1564 -0.23%GBP/AUD 1.9005 -0.02%Bitcoin (USD) $66,431 +0.21%Ethereum (USD) 1,777.35 -0.98%FTSE 100 10,445.17 -0.25%S&P 500 7,554.29 +2.16%Nasdaq 26,683.94 +3.39%Dow 51,671.03 +1.62%Nikkei 225 69,404.50 +0.13%Gold $4,356.60 +0.66%Silver 70.16 +0.13%Brent Crude Oil $81.91 -1.51%Dollar Index 99.64 +0.01%GBP/USD 1.3418 -0.24%GBP/EUR 1.1564 -0.23%GBP/AUD 1.9005 -0.02%Bitcoin (USD) $66,431 +0.21%Ethereum (USD) 1,777.35 -0.98%
Advertisement
Follow News in 60 on Facebook
UK Weather
London 17°C Partly cloudyBirmingham 17°C Partly cloudyManchester 16°C OvercastNewcastle 16°C Partly CloudyBristol 16°C Partly cloudyCardiff 15°C OvercastEdinburgh 11°C Partly cloudyBelfast 16°C Partly Cloudy

Rental Scam Leads to Jail Time for Fraudster

Advertisement
Follow News in 60 on Facebook

Frederic Priestley, a 34-year-old from Southwark, has been sentenced to nearly three years in prison for defrauding over 30 renters out of £77,000. He falsely advertised a property on Facebook, collecting deposits and rent for a flat he did not own. This scam, which ran from April to September last year, involved convincing victims with fake tenancy agreements and various excuses for not finalising their rentals.

The Metropolitan Police received multiple reports of Priestley’s fraudulent activities, with victims losing between £800 and £2,000 each. The emotional and financial toll on these individuals highlights the vulnerabilities in online rental markets, where scammers can exploit desperate renters seeking housing.

Priestley’s case serves as a warning about the risks associated with online property listings. As more people turn to social media for housing solutions, the potential for similar scams increases. Authorities are urging anyone who suspects they have been a victim of such fraud to report it promptly.

This incident underscores the importance of verifying rental listings and the need for greater scrutiny of online platforms to protect consumers. The significant financial losses experienced by victims reflect a broader issue of trust and safety in the digital rental market.

Source: The Guardian

Read more Money news →

News Category: Money Tags: fraud, housing, renting, scam, southwark

Leave a comment

Your email address will not be published. Required fields are marked *