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Fake investment broker continue to hit Swedish investors
Sunday, 26 February 2012
Swedish FSA (Finansinspektionen - FI) warning list of scam companies
that engage in so-called investment fraud grew last year at a record
pace. And nothing suggests that such activities will decrease in the
The uncertainty in the market makes it that investors continue to seek
risk-free and short term returns investments. This has led them to play
into the hands of sophisticated scammers who have understood properly
the way of thinking of the Swedish investors.
So far this year about 90 companies have been added to the list and at least a dozen have approached consumers in Sweden.
“It is extremely unfortunate that this is so prevalent, and that it is
a crime that seems to be increasing,” says FI manager Martin Anderson.
Investment Fraudsters contact usually their victims by phone and offer
lucrative investments such as in shares. They operate mostly from
abroad in countries that Sweden would find it hard to access and
investigate those involved in such fake deals.
This is why Martin Andersson is now saying that there are the needs to
do more to curb investment fraud. First, it is important that warnings
of scam companies should reach out to investors and consumer as well as
ordinary people who lack proper knowledge of these types of companies
“In the end, you have to do what we can to get more consumers to be cautious,” he says.
By Scancomark.se Team