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- Spoofed or cloned sites can be found on internet searches and pop-up ads offering attractive returns and no risks. They can also be targeted through email, text, apps and social networks where they are encouraged to visit the fraudulent website. Users are then urged to invest and to deposit additional funds if it appears they have made money.
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Mar 22, 2023 · Fraudsters sometimes say they work for genuine, authorised firms. Find out how to protect yourself from these clone firms and how to spot the warning signs.
Jan 27, 2021 · Clone firms are fake firms set up by scammers using the name, address and ‘Firm Reference Number’ (FRN) of real companies authorised by the FCA. Once set up, these fraudsters will then send sales materials linking to websites of legitimate firms to dupe potential investors into thinking they are the real firm when they are not.
Jul 26, 2024 · Be cautious of scammers pretending to be from authorised firms. They could be clone firms (a copy of a genuine firm). If you're called unexpectedly by a financial services firm, always ring them back using the number on the FS Register. If you think you’ve been targeted by a scam, please report it to us online. We look into every report we ...
Oct 25, 2021 · Clone firms imitate genuine investment firms to trick people into investing thousands – and sometimes even tens of thousands of pounds – in investments that actually don’t exist. In this guide, we'll cover why such scams are becoming more prevalent, how they work, the ways in which people are targeted, as well as how you can identify this ...
Jan 30, 2021 · - Clone firms are fakes set up using the names, addresses and 'Firm Reference Numbers' (FRNs) of real companies authorised by the FCA. - Their sales materials might link to websites of...
Jan 27, 2021 · However, 77% admitted they did not know, or were unsure what a ‘clone investment firm’ was. Clone firms are fake firms set up by scammers using the name, address and ‘Firm Reference Number’...
Oct 7, 2024 · Whilst clone firm scams are difficult to spot, there are some ways to check whether you are dealing with a scammer or a real broker. The below list details some tips on how to spot a clone firm scam: The contact details that the scammers provide you with/contact you on will often differ to the real company.
