Scammed Therapist Loses Inheritance

0:00I'm Cory, and this is your Pulse of the UK. UK News Today brought to you by NordVPN fast, reliable online privacy. Links in the episode description, a 63-year-old well-being therapist from Nottingham has lost her entire 28,000-pound inheritance to a property investment scam. Nancy Lates handed over the money after being drawn in by promises of ethical housing projects for vulnerable people, complete with professional. Pro sure's mentioning ties to the YMCA and government backing. She first invested 13,000 pounds in 2023, lured by talk of 25% monthly returns on social housing deals. The firm built her trust with friendly chats and even sent five monthly payments of 275 pounds each, making it all seem legit. But after she added another 15,000 pounds, the company emailed that it was entering administration just two weeks later. Lots went into shock but held out hope they fixed it, only to realize her parents' legacy

1:00was gone. Administrators found the firm had taken over 12.5 million pounds from investors but owned just two properties worth 315,000 pounds, with empty accounts in over 1 million pounds in questionable loans. The company denies wrongdoing, blaming financial pressures while the YMCA confirms no involvement or endorsement. Lots now battles anxiety and self-doubt, calling herself gullible. But her story spotlights how scammers pray on good intentions in the rising tide of investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds, investment frauds