Clone Firms

What it is

Clone firm scams occur when fraudsters create websites, adverts, or emails that imitate real licensed financial providers. These fake entities use similar names, logos, licence numbers, or website layouts to deceive consumers into believing they are dealing with the legitimate firm. The goal is to gain trust quickly and persuade consumers to invest or provide personal information. Clone websites may look nearly identical to the official ones but typically use slightly altered links, unofficial contact details, or communication through messaging apps rather than verified corporate channels.

Tip: Check the URL for subtle misspellings (e.g. amaz0n.com) and security encryption SSL (https or shttp);