Financial investments: these tips to avoid fake investment scams – August 2022 – News – Financial investment

From one year to another, there are more and more victims of online scams, especially for financial investments. A prevention guide for the general public has just been published by the General Directorate for Competition, Consumer Affairs and Fraud Control (DGCCRF).

In recent years, online scams have multiplied. Many private investors have been cheated out of substantial sums of money on the internet, up to several tens of thousands of euros. To achieve their ends, cybercriminals have generally uses fraudulent URLs. In 2021, the Financial Markets Authority (AMF) and the Prudential Supervisory and Resolution Authority (ACPR) counted more than 1,300 on their blacklist.

In order to limit this phenomenon, Bruno Le Maire, Minister of the Economy, launched in April 2020 the “National Task Force for the Fight against Scams”, led by the DGCCRF. At the end of July, a prevention guide was published, providing advice on how to protect yourself against the 7 most common scams, in particular fake financial investment scams.

According to the Paris Public Prosecutor’s Office, the amount of damage suffered by victims of financial scams reaches approximately 500 million euros per year. In two years, this figure jumped 300% according to the ACPR. So how do you spot these fraudulent investments?

5 signs to spot easily

Some elements should put you in the ear. The Task Force recalls on the one hand that “there is no high return without high risk”. It is therefore better to be wary of sites displaying overly attractive salaries compared to traditional establishments.

Beware of requests for form supposed to “test your eligibility “. It’s a quick and easy technique to extract personal information from you. Distrust also of scammers who are too reassuring. They do not hesitate to usurp the identity of official institutions (banks, insurers, brokers…) by insisting that the products offered are certified by a recognized body (ACPR, Banque de France…).

Social networks have left the field open to an anthology of pseudo-influencers promising you ultra-fast earnings. However, it is not uncommon for the latter to be paid to sell low-quality financial products even totally false.

Finally, some interlocutors may be insistent, even pressing. It is essential not to give in to pressure and make a decision in haste. A financial investment deserves reflection.

What to do in case of doubt?

Also take advantage of this time for reflection to check whether the organization in question is entitled to offer this type of product in France and if his name is not mentioned on the blacklists of the AMF.

It should be noted that other tools can also help you carry out the usage checks: the REGAFI and REFASSU registers, the ORIAS site or the GECO database.

If despite everything you think you have been the victim of a scam, the first thing to do is file a complaint. If you need advice on your rights and remedies, contact the INFO SCAMS department. Finally, the Signal Spam platform allows you to make a report to avoid other victims.

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