Scammers fool Britons with investment firm clones, says trade body

📆 2020/11/28 09:05:00
📰 Reuters

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More than 200 British retail investors have lost nearly 10 million pounds ($13.4 million) in total to sophisticated investment scams since a government lockdown in March to fight the COVID-19 pandemic, a trade body said on Saturday.

Fraudsters cloned genuine investment management firms’ websites and documentation, and advertised fake products on sham price comparison websites and on social media, the Investment Association said.

Losses amounted to 9.4 million pounds between March and mid-October, the IA said, based on information it got from member firms which had been cloned.

Write Comment

There is no lower form of Currency, than the ones with the Queens face. A family of trolls, which if you trust in Money and Currency values, you will be turned into a troll like them. A wart and mole covered troll, like the Royal Family. So Classy.

Well, Americans were fooled by Nigerian princes, so Britons should feel less cheated.

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