Fake comparison sites duping more investors as scammers steal £10m since lockdown
At least 12 fund houses have been imitated by sophisticated scammers
7 January 2021 • 6:00am
There has been a fourfold increase in savers being defrauded after using fake comparison websites to buy bonds and other investments, new analysis has revealed.
The scam, which took off during the first lockdown and has since gathered pace, sees fraudsters promote fake price comparison websites for bonds and other investments through sponsored Google and Facebook links. Nearly £10m was lost to the fraud between March and October alone.
Scammers then use contact details collected from the sites to send fake leaflets to investors or direct them to fake websites using well-known names, where they are then defrauded.
La edad dorada de los bonos verdes elperiodico.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from elperiodico.com Daily Mail and Mail on Sunday newspapers.
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From left: Amy Wilson, Federated Hermes EOS’ UK engagement lead (Federated Hermes), Monica Hsiao, Chief Investment Officer of Triada Capital (Triada Capital) and Junjie Watkins, Chief Executive Officer of Pictet Asset Management Asia ex Japan (Pictet Asset Management)
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