Oireachtas Joint and Select Committees
Wednesday, 31 May 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Authorised Push Payments Fraud: Discussion (Resumed)
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
I am trying to figure this out. If someone is a victim of investment fraud, romance fraud or accommodation fraud, having bought a holiday that was fraudulent, and is out of pocket by €4,000 or €5,000, the bank will not reimburse that. If it is romance fraud, the amount could be €20,000. We have seen people putting €60,000 into fraudulent investments.
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