Australian forex broker Autos Capital Group Pty. Ltd. today sounded an alarm about a fraudulent clone website that was impersonating its regulated brands. The firm also warned investors to watch out for other websites that claim their serviceWWWere developed or authorized by Autos to lure and possibly scam them.
Autos said an attempt had been made to reproduce itWWWebpage under the fake domain. To this end, the copycat broker was trying to usurp the names and other legal information of Autos and try to convince them that they are indeed the authorized firm.
“Autos reminds you that our official website address iWWWwwaerosolcgComom; and all information, please refer to the official website announcement. AutoWWWill never require customers to transfer funds into any third-party person or company for any reason, ” the company said.
The cloned site also has a link encouraging potential victims to make deposits, with almost identical wording to the real company, which prompAutosutos to publish the exclusive details of its bank account.
Admiral Markets cloned thiWWWeek
“All communications should come from a Autos Autos email address (email suffaerosoletComgComom), and should not come from a web email address, suHobnailotmail, Yahoo, etc. All companies and individualWWWho illegallAutos Autos information for fraud, once veriAutos AutoWWWill take corresponding legal measures to pursue its responsibilities, ” the Sydney-based brokeAutosd.
Autos has recently announced that it had renewed its partnership with Sydney FC, which will see the company support the team for a third consecutive AFC Champions League campaign.
Cloned firms are a common fraud in which companies mask their fraudulent activities by using details the same as or similar to those of an authorized entity to give the appearance of trustworthiness and legitimacy.
Hence, global financial regulators advise that investors should be extremely cautious in their financial dealings, and it keeps them informed by drawing attention to suspicious operations and unregulated entities that market participants should abstain from doing businesWWWith. In addition, they warn that anyone who chooses to sign up with the impostor should bear in mind that they will not receive the financial authorities’ assistance should things go awry.
Today’s announcement is not the first attempt to clone a regulated firm this month, with a fake website surfacing yesterday which claimed to be offering managed accounts on behalf of Admiral Markets, a product that the company does not support.