Insolvency service announces closure of UK firm for defrauding German consumers
The Insolvency Service reports on the shutting down of Advantia Card Ltd (registered in the UK) for supplying German consumers with fraudulent prepaid cards without their prior consent, followed by demands of repayment through employing the services of a debt collection agency. The firm received more than 190 grievances from members of the public in Germany and following investigations conducted by the Federation of German Consumer Organisations, was shut down on 28 January 2025 after a hearing at the High Court in London.