PEOPLE are being warned about an online loan scam after several victims were duped out of hundreds of pounds.
All of the victims were contacted by phone after searching for loans on the internet.
Three of the victims, two people from St Neots and one from Huntingdon, were instructed to pay the first instalment to activate the loan which would then be paid into their account.
Each of them paid the initial payment but then contacted police after the loan failed to materialise.
Detective Sergeant Claire Hewson said: “This is particularly nasty as the victims are often struggling financially which is why they have resorted to these apparent legitimate companies.
“The scam is run under a number of different names, however on investigation the addresses do not exist or the company is not based within the premises stated. The names used are constantly changing. The internet sites appear to be run by legitimate companies based in the UK but this is not the case.
“The actual offenders are thought to be based abroad and the whole process is completed via the internet and over the telephone.”