Warning: Correspondence in the name of “Caputo & Partners LLP”
23 March 2018
A letter has been sent referring to an unclaimed life insurance policy, claiming to be from a London based law firm called “Caputo & Partners LLP”.
What is the scam?
The SRA has received information that a member of the public has received a letter claiming to be from Jim Felt of the firm of “Caputo & Partners LLP”. The letter relates to a supposedly unclaimed permanent life insurance policy, stated to be worth $10,950,777.
A letter seen by the SRA states that “Jim Felt” is a solicitor dealing with the estate of an individual, who shares the same surname as the recipient of the letter. The letter claims that the deceased client had the benefit of a permanent life insurance policy worth $10,950,777.
The letter seen by the SRA provides email addresses of firstname.lastname@example.org and email@example.com and a website address of www.caputoandpartnersllp.co.uk. The letter also provides a telephone number of 011 44 203318 5000, a fax number of 011 44 2038075081 and a general address of 1 Canada Square, Canary Wharf, London E14 5AA.
The SRA does not authorise and regulate either a genuine firm named Caputo & Partners LLP, or a genuine individual solicitor named Jim Felt.
Any business or transactions conducted through the email addresses, website or telephone/fax numbers set out above are not undertaken by a solicitor's practice or an individual authorised or regulated by the SRA.
Is there a genuine firm or person?
The SRA does authorise several genuine firms which are based at 1 Canada Square, Canary Wharf, London E14 5AA, however none are referred to within or connected to the false letter referred to above.
The SRA understands there is a Swiss Law firm named Caputo & Partners AG (Ltd), which trades as Caputo & Partners, whose contact details are not used in or connected to the letter referred to in the above alert.
What should I do?
When a firm's or individual's identity has been copied exactly (or cloned), due diligence is necessary. If you receive correspondence claiming to be from the above firm(s) or individual(s), or information of a similar nature to that described, you should conduct your own due diligence by checking the authenticity of the correspondence by contacting the law firm directly by reliable and established means. You can contact the SRA to find out if individuals or firms are regulated and authorised by the SRA and verify an individual's or firm's practising details. Other verification methods, such as checking public records (e.g. telephone directories and company records) may be required in other circumstances.