A heartbroken Good Morning Britain presenter has shared the harrowing moment he discovered he had been conned out of his life savings. North American correspondent Noel Phillips appeared on Wednesday morning's Good Morning Britain via video link, joining Ed Balls and Kate Garraway to discuss how he was swindled out of his entire life savings. Noel received a call from fraudsters posing as representatives from Chase Bank, informing him that his account had been breached. He returned the call, which, astonishingly, connected him to what seemed like his bank's customer service. It was only later that he realised it was a ruse, designed to make the call appear legitimate.

Shortly after, they called again and he received an alert from his banking app about a transaction he hadn't authorised. Noel found himself locked out of the system - and dashed to the bank with the scammers still on the line. Before he knew it, he had made a transaction, losing his entire life savings of nearly $30,000, reports the Mirror.

The fraudsters convinced Noel that he needed to move his money into separate accounts, allegedly in his name.

They manipulated him into believing that the bank staff were behind the fraud, and persuaded him not to inform them of what had transpired.

"I'm still in disbelief," he confessed to the hosts, reeling from his recent ordeal. "I remember two weeks ago I was lying on the kitchen floor numb, refusing to accept the fact I did something so stupid. I felt embarrassed, I felt ashamed, I felt worthless. On top of that, the excruciating pain of all of this is the mental trauma.

"The fact that I for the last couple of days wake up in the middle of the night, pick up my phone and open my banking app in hopes that this was all a twisted reality.

"How could someone like me who reports stories like this fall a victim? How could this happen to me?", Noel lamented.

Chase Bank issued a statement: "These type of scams are heartbreaking. We urge all consumers to ignore all phone, texts or internet requests to move money or gain access to their bank accounts. Banks and legitimate companies won't make these requests that scammers will."

Noel expressed that the most harrowing aspect was feeling abandoned by his bank after the blunder. He pointed out that the fraudsters have an account with Chase Bank, yet despite conducting the transfer in person at the bank, they claimed there was nothing they could do to help him.

This revelation comes shortly after news broke that American reporter Noel had been let go from Good Morning Britain. Having joined the morning show in early 2021 as the US correspondent, he covered significant events including Donald Trump's election and the devastating LA wildfires.

On Thursday, Deadline reported that he has been ousted from his role on the show as ITV endeavours to cut £15 million from its budget. The broadcaster's earnings have reportedly plunged by 44 per cent to £99 million in the first half of the year, triggering a renewed effort to rein in production costs.