The victims were told to place the cash in an envelope for collection by someone claiming to be a police officer

Five men have been arrested after elderly residents in Wolverhampton were targeted by fraudsters posing as police officers, with victims handing over more than £10,000.

West Midlands Police launched an investigation after receiving reports of residents, mainly in their 80s, being contacted by telephone and instructed to withdraw large sums of money.

The victims were told to place the cash in an envelope for collection by someone claiming to be a police officer.

Police said the scam had been carried out on at least four occasions across Wolverhampton over the past week, with two residents withdrawing a combined total of more than £10,000, which was collected by fraudsters.

Following an investigation by the force's economic crime unit, five men, all aged 19, were arrested after officers stopped a vehicle in London on Thursday evening.

The men were detained on suspicion of conspiracy to commit fraud and remain in police custody for questioning.

Enquiries into the incidents are continuing, with officers urging residents to remain vigilant against so-called courier fraud.

The scam typically begins with an unexpected telephone call from someone claiming to be a police officer or bank employee.

Victims may be told their bank account is at risk or that they are assisting with an investigation before being instructed to withdraw cash, take out a loan, purchase valuable items or disclose sensitive financial information.

A courier is then sent to their home to collect items such as cash, jewellery, bank cards or PINs.

Police have reminded residents that neither banks nor police officers will ever ask people to transfer money to a safe account or send a courier to their home to collect cash, bank cards or valuables.

Anyone receiving a suspicious call is advised to contact the organisation directly using a trusted telephone number, such as one listed on its official website or on the back of a bank card. People can also call 159 to contact their bank.

Residents are also warned not to rely on the caller ID displayed on their phone, as this does not prove the identity of the person calling.

Suspicious calls can be reported by texting 7726 with the word 'call' followed by the caller's number.

Anyone who believes they have fallen victim to fraud should contact Report Fraud on 0300 123 2040 or visit reportfraud.police.uk.