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Barclays 'right' not to pay out after couple scammed out of £700,000
bank don't need to pay out.Fiona Philipp transferred two sums of money from her Barclays bank account - one amounting to £400,000 and another £300,000 - to accounts in the United Arab Emirates back in 2018.She and her husband were under the impression that they were helping a serious fraud investigation being run by the city watchdog, the Financial Conduct Authority (FCA).However, the couple were defrauded, and, in a ruling today, a judge said Barclays is not liable to compensate for any losses.The bank said the customer had made the payments willingly, adding that any further safeguarding checks would not have prevented the scam.The fraud started when Philipp's husband, a doctor, received a phone call from a man who claimed to work for the
