It is not a new phenomenon, because the FSMA has warned several times since 2021. However, there are still victims today. They will be contacted via phone or email. Sometimes this happens without them asking, sometimes after filling out an online form they’ve seen via social media, advertising campaigns, or sponsored ads.
Scammers offer consumers a savings formula with an above-market interest rate, usually with a principal guarantee. But the end result is always the same: victims will never get their money back. The scam means that the consumer must pay the costs that are allegedly due to obtain the credit.
To give themselves some credibility, scammers use the name of a well-known bank without permission. For example, the UK Financial Services Authority has received reports of fraudsters presenting themselves as BNP Paribas in Luxembourg (via email addresses ending in @bglgestionprivee.com), or Triodos (via email addresses ending in @triodos-europe). .com and @triodos-finance.com) or Bunq. (Via email addresses ending with @epargnebunq.com). Fineco, Revolut and the London Stock Exchange have also been used to defraud consumers and possibly other financial institutions.
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