A member received a bizarre email from a company claiming to be an investment bank that was ‘working to acquire a new and more robust regulation’ and that part of the process involved paying a refund to the recipient.
This type of fraud can also lead to recovery scams, where fraudsters target prior victims, claiming to help recover losses, only to defraud them further.
We explain how the email has all the hallmarks of a scam and how both cons work.
