My Deposits is calling on enforcement agencies to work with it and other tenancy deposit schemes to crack down on fraudulent agents and landlords.
The call comes after My Deposits claims to have helped prevent over £300,000 worth of deposits being stolen.
The firm's chief executive, Eddie Hooker, CEO, says this is the amount saved as a result of hard work and doggedness to gather and pass on evidence to Milton Keynes Trading Standards last year.
It helped convict a letting agent who received an 11 month jail sentence after admitting 25 counts of fraud involving landlords and tenants.
Over recent years we've developed a comprehensive and effective approach to identifying members who try to bend rules. We work with Police and Trading Standard's Officers in England and Wales as they seek to understand how the different TDP schemes operate and then obtain sufficient evidence against rogue' businesses says Hooker.
My Deposits says there are over a dozen other cases still pending prosecution where the firm is providing assistance.
Comments
Well dome MyDeposits is what I say. There are rogue traders in every industry and bodies/organisations work hard to weed them out. It is much more refreshing to read a report such as this rather than the usual "scrap fees" campaign crap which is ALWAYS supported by vote-collecting Labour councillors and MPs who show a clear lack of knowledge about the industry.