Kevin Whitmore
Head of Risk & Compliance
Fraudsters are preying on clients who have put money into failed investments and impersonating financial services firms. Read on to understand what they are doing and how you can protect yourself.
Protect Yourself From Scammers
Stop And Take Time To Think Before Parting With Your Data Or Money
Don’t click links – With failed investments, a fraudster will generally imply that you can recover funds from the investment and that money has been allocated for you, and you will need to click a link, phone a number or send an email to claim the payment.
Ignore urgency – There will also some kind of urgency to act. This is a common feature in all scams. Don’t rush into anything
Report it – Contact us or the police to verify if the offer is a scam.
Beware fake sites – When fraudsters impersonate a financial services firm, they often use techniques such as creating fake websites, putting up fake adverts on social media, sending cloned e-mails that purport to be from a real firm.
Challenge new bank details – They may be attempting to convince clients that the firm has changed its bank account details to encourage funds to be paid into the fraudster’s own bank account, or to invest in a fake investment scheme promising good returns.
WBR will never use its website or social media to recommend you subscribe to an investment opportunity. WBR will never use its website to collect personal details from you to make a payment.
If you see an opportunity that looks too good to be true, it probably is.
If you suspect a scam report it to Action Fraud
For more information on scams visit:
https://www.takefive-stopfraud.org.uk/
https://www.fca.org.uk/consumers/pension-scams