Sep 26, 2019

UK regulator warns on Thomas Cook collapse scammers

The UK's financial watchdog has sounded the alarm over cold-callers purporting to be from Thomas Cook who may attempt to steal customers' personal and financial information. "Criminals will use Thomas Cook going into liquidation as a cover story to scam you out of your money," the Financial Conduct Authority said on Thursday. The prospect of being scammed is yet more woe for Thomas Cook customers, 500,000 of whom were stranded abroad when the travel company collapsed on Monday, with tourists stranded as far away as Las Vegas and the Caribbean. The UK's Civil Aviation Authority said on Thursday that it had flown home about 46,000 people, or about 30 per cent of the total number of Thomas Cook's UK customers stuck overseas. The FCA, which in its capacity as the UK's Listing Authority overseeing the accuracy and timeliness of listed companies' statements to the market, is monitoring events that led up to Thomas Cook's collapse.

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