Regulators and rip offs

In the United Kingdom, GMTV has been fined £2 million (€2.853 million) for “widespread and systematic deception” in premium rate phone-in competitions.

In Ireland, it has been revealed that the Electricity Supply Board has been systematically stealing from its customers for years.

The so called regulator was completely unaware of this theft; it was even ignorant of the billing system used by the ESB.

Only customers who challenge the ESB will be repaid, all others will remain victims.

The regulator has promised an investigation but given the pathetic record of so called regulatory bodies in Ireland it is highly unlikely that those responsible will be held accountable.