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Social media investment scams: who is behind the fraudulent ads?

2024-03-25T05:23:54.530Z

Highlights: Social media investment scams: who is behind the fraudulent ads?. Victims have invested large sums in savings accounts with attractive rates, after being seduced by fraudulent advertisements. André (first name has been changed) is 60 years old, he is a lawyer in Paris and likes to spend time on Instagram. He doesn't know it, but he and his wife are about to be cheated out of 300,000 euros. The alleged Alexis Thomas speaks impeccable French and appears to know the financial sector well.


Victims have invested large sums in savings accounts with attractive rates, after being seduced by fraudulent advertisements.


André

(first name has been changed)

is 60 years old, he is a lawyer in Paris and likes to spend time on Instagram.

Last October, while browsing the application, he came across this tempting advertisement: a “super booklet” with an annual rate of 4.95%, which the Allianz insurance group seemed to offer.

Seduced by this “satisfactory, without being unreasonable” offer, he clicks on the link and fills out a form, leaving his name, address and telephone number.

André doesn't know it, but he and his wife are about to be cheated out of 300,000 euros.

Two days later, he was contacted by a so-called Alexis Thomas

(not his real name)

, who presented himself as an Allianz advisor.

After a telephone discussion, André is convinced of the seriousness of the offer and decides to place his savings in this booklet.

“Usually, I am rather suspicious, but the exchanges with the so-called advisor put all suspicion to rest,” recalls the lawyer, today consumed by regret.

The alleged Alexis Thomas speaks impeccable French and appears to know the financial sector well.

Finally, when he types his name in the search bar, André comes across the LinkedIn profile of the agent, a wealth management advisor at Allianz.

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Source: leparis

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