DETECTIVES have warned Colchester residents to check their credit ratings after fake accounts were set up by fraudsters.

Those living around Propelair Way or New Braiswick Park, in particular, have been warned they may not even know they have been victims of what could be a multi-million pound fraud.

In March, mail was stolen and a credit card and overdraft taken out in a residents’ name in Propelair Way, Colchester, without them knowing.

Officers searched the area for a suspect after the offence was discovered.

On November 25, a suspicious man was spotted in the area who officers believe could be the same man.

The next day, a 22-year-old man fromLondon was arrested on suspicion of theft of mail and fraud. He was released on bail.

Detectives believe many more people could be victims and are urging people to check credit reports and tell them about any unusual activity.

Councillor Martin Goss said: “This has been an on-going issue in Colchester.

“It was happening around the Northern Approach Road.

“Councillors sent out warning letters and we were told it could be part of a major international fraud.

“This could also be part of a multi-million pound fraud.”

If expected mail has not been arriving or anyone has concerns, then they can order a credit report to make sure it only shows the items they are aware of.

Mr Goss added: “There could be credit cards ordering all sorts of things in their names without them knowing. Be on your guard, question Royal Mail, be vigilant and report anything suspicious to police.”

Anyone with information call PC Chris Rainsford on 101.