The first time he came across the word "scam" while typing the name of his company on Google, Frédéric Schatzlé almost fell from his chair. His company Elite Patrimoine, which manages the fortunes of great French sportsmen, including stars of the NBA, has a solid reputation. But for several months, crooks used his company's name and credentials to lure internet users, via a fake website and bogus placements.
In October, his switchboard started to heat up. “People were looking for info on booklets earning 5-6% per quarter . We told them it was not us, ” recalls the boss of this Toulouse company. Certain savers solicited by the fictitious company were able to limit the breakage; others have lost a lot. Ben, a finance student, almost got caught. “The e-mails, the telephone exchanges: everything was very professional and reassuring. The announced returns were very attractive. It made you want
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