Their announcement last week explained the full extent of this practice as follows:
Since 2016, the Insolvency Service has wound up nine health supplement companies in the public interest after they scammed people, often the elderly and vulnerable, into unnecessarily buying their products.
The Insolvency Service estimates that there have been close to 36,000 victims who have been duped by these nine health supplement businesses, cheating them out of around £10.6 million, and during Scams Awareness Month is warning members of the public there could many more examples of these schemes in operation.
The purpose of the VRS is to protect consumers in vulnerable circumstances and we ask, why wouldn’t you wish to join our growing membership to protect yourself or your clients from unwanted sales? To find out more about how you can join or subscribe to the VRS, please visit our website at www.VulnerablityRegistrationService.co.uk