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Abstract:Clone firms, also known as copycat companies, operate under the disguise of reputable entities, leveraging similar names, logos, and even website layouts to give the appearance of legitimacy. These fraudulent entities are typically established with the intention of defrauding consumers, unlawfully acquiring personal data, or engaging in illegal activities. The Financial Conduct Authority (FCA) exposes three clone firms and Warns customers not to be fooled by clone entities. Here are the details and screenshots of the Clones.
Clone firms, also known as copycat companies, operate under the disguise of reputable entities, leveraging similar names, logos, and even website layouts to give the appearance of legitimacy. These fraudulent entities are typically established with the intention of defrauding consumers, unlawfully acquiring personal data, or engaging in illegal activities. The Financial Conduct Authority (FCA) exposes three clone firms and Warns customers not to be fooled by clone entities. Here are the details and screenshots of the Clones.
Name: Cash in Hands / cashinhands.uk (Clone of FCA Authorised Firm)
Address: 12 Gough Square, London, EC4A 3DW
Telephone: +447425965670, +442078560515
Email: contact@cashinhands.uk,
jamesparkerloanhelpteam@gmail.com
Website: https://cashinhands.uk/
Name: Premier Group Financial Services (Clone of UK registered company)
Address: 2nd Floor, Berkeley Square House, London, UNITED KINGDOM, W1J 6BD
Telephone: 02035761849, 08000487963, 02035763166
Email: info@pgfsltd.com
Website: www.pgfsltd.com
Name: GBG Limited / gbglmtd.com (Clone of FCA Authorised Firm)
Email: support@gbglmtd.com,
gabriella_sanpel@gbglmtd.com,
emileo_carramca@gbglmtd.com,
movesto_ramirez@gbglmtd.com,
victoria_belente@gbglmtd.com
Website: https://gbglmtd.com/
According to FCA, These firms may be providing financial services or products without its authorisation. FCA warned all Investors, They should avoid dealing with these firms and beware of potential scams. The FCA has advised investors to avoid these brokers and to report any suspicious activity to the authorities.
The FCA has also reminded investors to be vigilant when dealing with forex brokers and to conduct proper due diligence before investing any money. Investors should check the FCA's register of authorized firms to ensure that the broker they are dealing with is legitimate.
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