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WhatsApp Scams Target Retail Investors, Imitate Saxo and JP Morgan
The Belgian Financial Services and Markets Authority has
reported a rise in fraudulent WhatsApp groups offering so-called “exclusive
investment tips.” Fraudsters use these groups to promote fake trading apps and
manipulate share prices. They often pose as well-known institutions, including
Saxo Bank and JP Morgan.Back in August, the FSMA warned of a
rise in fraudulent investment schemes on social media platforms, including
Facebook and Instagram…
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1 Articles
WhatsApp Scams Target Retail Investors, Imitate Saxo and JP Morgan
The Belgian Financial Services and Markets Authority has reported a rise in fraudulent WhatsApp groups offering so-called “exclusive investment tips.” Fraudsters use these groups to promote fake trading apps and manipulate share prices. They often pose as well-known institutions, including Saxo Bank and JP Morgan.Back in August, the FSMA warned of a rise in fraudulent investment schemes on social media platforms, including Facebook and Instagram…
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