Febelfin launches a new campaign against the dangers of investment fraud
In a new campaign from Febelfin, influencer Sami Farhat is warning of the dangers of online investment fraud. Behind the wheel of a luxury car, he has been urging his followers for several weeks to follow his financial advice in a Telegram group set up for this purpose. His promise? Those who follow his advice could become as rich as he is in no time. Of course, the car is rented and his promises are false, just like the advice of the many scammers active on social media.
What is investment fraud?
Investment fraud is a form of scam in which fraudsters offer you fictitious or worthless shares or financial products.
In reality, the investments made quickly turn out to be loss-making and it appears impossible to recover the money invested. In fact, in the meantime, these crooks have stolen the money you invested.
The "Join their community without spending your dough" campaign
In this context, Febelfin has developed a campaign with the slogan "Join their community without spending your money". The campaign is aimed at young people, who are often approached by influviators or "financial gurus" via social media. It's a social media campaign that allows young people to watch videos on Tiktok, Instagram and YouTube in which a well-known influencer "convinces" them to join a closed group on Telegram with the aim of making some quick "easy money".
A few tips to avoid investment fraud
- Is a so-called investor promising you huge returns on social media? Think twice before believing them, because if a return is too good to be true, it must be false! In all cases, be suspicious and vigilant when you suspect fraud.
- Never invest in a product if you don't fully understand what it involves, and always check the information you are given, including the identity of the person making the offer.
- Be particularly vigilant if they claim that you must first have paid an additional amount or tax before they can pay you any benefits.
- Never deposit money in a foreign account without thinking about it. You can find more information on this subject on the FSMA website.
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