Wine, fake banking or insurance products … scams are increasing, warns the AMF

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Wine, fake banking or insurance products ... scams are increasing, warns the AMF
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While the epidemic coronavirus confuses investors, the latter are increasingly exposed to the risk of scams, warn with one voice the AMF (stock market policeman) and the ACPR. “These fraudulent offers are likely to take various forms,” ​​warn the Financial Markets Authority (AMF) and the Supervisory Authority and Resolution (ACPR) in a joint statement. “For example, investment proposals presented as a safe haven through tangible assets (such as gold, precious metals, grands crus or whiskeys, etc.) “or” false banking or insurance products combining very attractive characteristics (high yield and absence of risk, speed of subscription and absence of verification of the borrower’s profile, etc.) “, they detail .

These scams are also deployed in the form of “fraudulent calls for donations or investments in companies, listed or not, supposed to take advantage of the epidemic and see their valuation increase”, adds the press release. The coronavirus crisis has so far caused European stock markets losses of around 30% since their mid-February highs. “In this period when the French have to confine themselves to their homes and make increased use of the Internet, the AMF and the ACPR invite them to redouble their vigilance in the face of telephone canvassing campaigns, fraudulent e-mails supposedly sent by a trusted third party (bank, administration, energy supplier, etc.) but also to online advertising banners referring to forms to fill in, “recall the two authorities.

>> Read also – Investment scams: how scammers go about getting you to invest

“The crooks use these techniques in order to collect personal data which will then be used in the context of fraud or for aggressive or manipulative canvassing in the case of financial scams,” added the press release.

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