WhatsApp investment scam uses fake company names to defraud users

hna.de (German)

Scammers on WhatsApp are using fake company names and an investment app to trick people. The fraudsters pose as financial experts, share fake tips, and pressure victims into downloading an app and investing money, which is an illegal financial service. The German Federal Financial Supervisory Authority (BaFin) warns against such schemes, advising caution with messenger-based investments and verifying app sources and providers.


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WhatsApp investment scam uses fake company names to defraud users | News Minimalist