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   Are clone investment firms a scam?

   • Three quarters (75%) of investors said they felt confident they could spot a scam. 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’ (FRN) of real companies authorised by the FCA.

   FCA issues warning over ‘clone firm’ investment scams

   www.fca.org.uk/news/press-releases/fca-scamsmart-warning-clone-firm-investment-scams

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   Are clone firms authorised?

   • We call this a clone firm. Check our Financial Services Register to find out if a firm is authorised. If you can’t find a firm on the FS Register, contact us on 0800 111 6768. Almost all financial firms in the UK must be authorised by us. Clone firms aren’t authorised, but scammers may try and convince you that they are.

   Clone firms and individuals | FCA - Financial Conduct Authority

   www.fca.org.uk/consumers/clone-firms-individuals

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   How do clone firms work?

   • Scammers set up clone firms using the name, address and firm reference number (FRN) of real companies authorised by the regulator - the Financial Conduct Authority (FCA). They then send out sales materials linking to the websites of legitimate firms, to trick potential investors into thinking they are dealing with the real firm.

   Victims typically lose £45,000 each owing to investment scams

   www.bbc.co.uk/news/business-55816059

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   What is a clone firm?

   • Fraudsters are always looking for new ways to scam the public. One of these involves pretending to be from firms we authorise. We call this a clone firm. Check our Financial Services Register to find out if a firm is authorised. If you can’t find a firm on the FS Register, contact us on 0800 111 6768.

   Clone firms and individuals | FCA - Financial Conduct Authority

   www.fca.org.uk/consumers/clone-firms-individuals

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   Can a cloned account be scammed?

   • You're far more likely to discover your account has been cloned after the fact. Before a cloner can scam your friends they have to send a friend request from the cloned account, which can set off red flags for the security savvy.

   What is Facebook Account Cloning & What Can You Do about It?

   www.techlicious.com/tip/facebook-account-cloning/

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   Is Facebook cloning a scam?

   • It is true in a general sense that some scammers have engaged in Facebook cloning, a process in which the scammer creates a new Facebook account using a profile picture and similar name taken from an existing user, then sends out friend requests which appear to originate from that user.

   Are Facebook Pirates 'Cloning' Accounts? - Snopes.com

   www.snopes.com/fact-check/facebook-pirates/

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2. www.fca.org.uk › consumers › clone-firms-individualsClone firms and individuals | FCA - Financial Conduct Authority

   www.fca.org.uk › consumers › clone-firms-individuals

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   Mar 22, 2023 · Clone firms aren’t authorised, but scammers may try and convince you that they are. They'll often use the name and address of a genuine firm, or they may copy the firm reference number (FRN). They may also: They may even claim that a firm's contact details on the FS Register are out of date.

3. www.actionfraud.police.uk › news › clonefirmsAttack of the clone firms: over £78 million stolen in 'clone ...

   www.actionfraud.police.uk › news › clonefirms

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   Jan 27, 2021 · What is a ‘clone firm’ investment scam? ‘Clone firms’ are set up by fraudsters using the name, address and ‘Firm Reference Number’ (FRN) of real companies authorised by the FCA. The criminal gangs running these scams can engage with victims through a number of channels.

4. Videos

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     Mom warns of AI voice cloning scam that faked kidnapping l GMA

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     Scottsdale mom describes encounter with elaborate voice cloning scam

     10 Apr 2023

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     How To Detect A Cloned Car | VIN Cloning Scams

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5. www.fca.org.uk › news › press-releasesFCA issues warning over ‘clone firm’ investment scams

   www.fca.org.uk › news › press-releases

   • Cached

   Jan 27, 2021 · The FCA is issuing a warning to the public as reports of ‘clone firm’ investment scams increased by 29% in April 2020 compared to March, when the UK went into its first lockdown. Action Fraud data reveals consumers reported losses of more than £78 million between January-December 2020.

6. www.snopes.com › fact-check › facebook-piratesAre Facebook Pirates 'Cloning' Accounts? | Snopes.com

   www.snopes.com › fact-check › facebook-pirates

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   Dec 26, 2012 · Claim: Facebook "pirates" perpetrate scams by setting up look-alike Facebook accounts that copy other users' profiles. Rating: Mostly False. About this rating. Warnings about Facebook "pirates ...

7. www.bbc.co.uk › news › business-55816059Victims typically lose £45,000 each owing to investment scams

   www.bbc.co.uk › news › business-55816059

   Jan 27, 2021 · How the clone scams work. Scammers set up clone firms using the name, address and firm reference number (FRN) of real companies authorised by the regulator - the Financial Conduct Authority...

8. nationalcrimeagency.gov.uk › news › over-78-millionOver £78 million stolen in 'clone firm' investment scams

   nationalcrimeagency.gov.uk › news › over-78-million

   • Cached

   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...

9. www.techlicious.com › tip › facebook-account-cloningWhat is Facebook Account Cloning & What Can You Do about It?

   www.techlicious.com › tip › facebook-account-cloning

   • Cached

   May 28, 2024 · Facebook account cloning is a simple scam – but it’s easy to be fooled by it. A scammer will make a copy of your real account, using your Facebook profile photo and other public...