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Fraud on my Master Card


scotsmac
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I stupidly sent £300 to Olsson Capital.

this was to trade in Cyber currency.

 

My security on my master card had to be contacted to authorize the £300 payment.

I stupidly did not take their advice, and I said yes carry on with the payment.

 

then the next morning when i checked my account with Olsson Capital,

I noticed they have taken a further £750, £1000.

 

because I have authorized this one payment of £300,

it has given Olsson Capital the opportunity to then take another lump of money.

 

What can I do to get refund ?

 

Am I cover by insurance ?

 

Do I need report it to police.

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First question,

have you contacted Olsson and asked why, and requested a refund?

 

Before you can take any further steps you need to make the refund request.

 

Also make clear in writing that you have not authorised them to charge any further sums to your Mastercard and instruct your bank to make no further payments

 

A quick online search shows they appear to be an unlicensed broker based in Estonia so there will be no regulator you can complain to.

 

Did you check them out before investing?

 

I see you have posted the same question on another forum in which you give additional information. Are you expecting different advice to what you were given there?

 

http://forums.moneysavingexpert.com/showthread.php?t=5771567

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If you mean a debit card

Then ring your bank

Cancel the continuous payment authority and get the unauthorised payment back

 

If you mean a credit card

Go do a section 75 to the provider

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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