“After you click, you get a phone call and then…”

Advertisements purporting to promote these services often feature a well-known person presenting a get-rich-quick scheme.

“After clicking on the advertisement or downloading the mobile application and providing their contact details, the victims generally quickly receive a phone call from the scammers who present them with a concrete investment proposal (in shares, in alternative investment products , in virtual currencies, etc.)”, explains the FSMA.

“These platforms act very aggressively. Criminals go so far as to try to convince victims to let them take remote control of their computer so that they can make certain transfers. »

Malefactors attempt to persuade victims to pay ever larger sums, claiming that an additional payment is required to release their funds. This is a technique to extract even more money from them, warns the FSMA.

Victims report that they never manage to recover the invested agent, or that they simply no longer hear from the platform on which they invested money.

The FSMA notes that several fraudulent trading platforms offer consumers a so-called “affiliate program”. These programs present the characteristics of a pyramid scheme or a Ponzi arrangement (fraudulent financial arrangement which consists in remunerating the investments of the customers essentially by the funds procured by the new entrants, Editor’s note).

Investors are advised to always verify the identity of the company offering them an investment (corporate name, country of establishment, registered office, etc.).

A search on the FSMA website also makes it possible to check whether the company has the required authorisations.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.