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'Clone Firm' Fraudsters Stealing Millions From UK Investors

Get Permission In Britain, the National Crime Agency and Financial Conduct Authority are warning that the number of "clone firm" scams has significantly increased during the COVID-19 pandemic. Over a six-month period, these fraudulent schemes have led to more than 78 million pounds ($107 million) in losses for victims. A clone firm is a fake entity created by fraudsters that uses the name, address and Firm Reference Number - a unique identifier assigned to every financial or investment firm in...
United Kingdom Calan Greig Pandemicprajeet Nair Cyber Resilience Center Business Resilience International Management Britain National Crime Agency

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