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Beware of fake investments impersonating several banks, offered on social networks

2023-11-29T10:38:17.937Z

Highlights: The ACPR, the French banking and insurance regulator, has issued an alert and warned savers against the multiplication of fake investments. Victims respond to advertisements on social networks or on sites designed to collect personal data. Scammers often invite them to make transfers to accounts opened with these institutions but using domain names that resemble those of these institutions. The damage suffered by victims of financial scams in France, according to the AMF, is estimated at about 500 million euros per year. The ACPR has identified numerous websites or email addresses using variations around the names of the banks concerned.


The ACPR, the French banking and insurance regulator, has issued an alert and warned savers against the multiplication of


When it comes to scams, savers are a nice target. The ACPR, the French banking and insurance regulator, has just warned, on Wednesday, against the multiplication of fake investments offered by scammers impersonating the banks Barclays, Boursorama or Revolut.

A scam that is much more common than you might think. The figures are even edifying: the damage suffered by victims of financial scams in France, according to the AMF, is estimated at about 500 million euros per year.

In general, the handling is simple and has been known for years. Victims respond to advertisements on social networks or on sites designed to collect personal data. They are attracted to investments at above-market rates or that offer benefits to the investor.

Canvassing by phone and email

Once hooked, according to the APCR, victims are often approached by phone and email. There; Scammers often invite them to make transfers to accounts opened with these institutions but using domain names that resemble those of these institutions.

Thus, the ACPR has identified numerous websites or email addresses using variations around the names of the three institutions concerned. For example, for the British online bank Revolut, creations such as revocontact.com, livret-revo.com, revo-france.fr, revo-gestion.fr...

Before making an investment, the AMF recommends that you consult the blacklists that it regularly updates on https://abe-infoservice.fr/liste-noire/listes-noires-et-alertes-des-autorites. In addition, before investing your savings, the APCR recommends that you find out who you are talking to on the other end of the line. All you have to do is call the bank's head office to verify that the person you are talking to is an employee of the company.

In the event of a scam, "if you have been a victim of this fraud, the ACPR invites you to file a complaint as soon as possible," she insists.

Source: leparis

All business articles on 2023-11-29

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