Investment Association news and trends

Fraudsters Create ‘Clone’ Investment Accounts To Dupe Consumers

July 14, 2020
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Fraudsters Create ‘Clone’ Investment Accounts To Dupe Consumers

July 14, 2020
Retail investors have been succumbing to “impersonation fraud,” where fraudsters pretend to be famous brands and thus are able to con millions of Euros from them, Financial Times (FT) reported. The Investment Association (IA), the trade body for U.K. asset managers, reported that there had been around £4 million lost so far in about 300 […]