Don t fall for promises of high returns from latest investment scam, warns FSCA
14 January 2021 8:19 PM
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A new scam is surfacing on Facebook and WhatsApp groups. The masterminds are even using the FSP number of a legitimate company.
The Financial Sector Conduct Authority (FSCA) is warning the public not to fall for a new investment scam promising high returns.
It says two individuals calling themselves Hlengiwe Ngcobo and Christian Barnley Hamilton are conducting unauthorised financial services on Facebook
The pair are not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act) to render any financial advice and/or intermediary services, it says.