简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Scam Alert: Financial Sector Watchdog Warns Against WhatsApp
Abstract：The Financial Sector Conduct Authority has warned the public to stay away from a firm called Worldwide Investments, which it says is using a WhatsApp group to take money from the public on the pretext that it will trade in forex on their behalf.
“The said entity uses a WhatsApp group and takes money from the members of the public and promises to trade in forex and when its time to pay back they block you,” the Financial Sector Conduct Authority said in a statement issued on Tuesday.
Worldwide Investments is neither an authorised Financial Services Provider nor a representative of an authorised Financial Services Provider, the FSCA said. There are no records of an application by Worldwide Investments to become one, either, the regulator added.
WhatsApp scams have been in the spotlight recently, with the R200 WhatsApp stokvel making headlines. Many members of the public have complained of joining up, only to be blocked or met with silence when the time came for their payout.
It urged consumers who wish to conduct financial services with an institution or person to check their legitimacy beforehand with the FSCA on either the toll free number (0800 110 443) or online.
The National Stokvel Association of SA (Nasasa) has warned South African consumers that the WhatsApp stokvel likely operates in similar fashion to a pyramid scheme, with only the first few members to join receiving a payout.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
How Arcadia Equity Co Limited Defrauded an Unemployed Woman of RM2.2 Million
An unemployed 46-year-old woman from Selangor fell victim to a sophisticated investment scam, losing a total of RM2,219,217.83. The scam involved a fake company named Arcadia Equity Co Limited, promoted through a Facebook advertisement in August 2024.
eToro Files for IPO with $5 Billion Valuation on NASDAQ
eToro files for IPO on NASDAQ with a $5B valuation. Backed by Goldman Sachs, it eyes a Q2 2025 listing. Learn about its social trading platform and rivals.
Neex Offers Regulated CFD Trading on US Stocks
Neex launches regulated CFD trading on US stocks. Enjoy tight spreads, fast execution, fund protection, and advanced tools with 24/7 multilingual support.
Nigeria and Emerging Economies Face Challenges in the Next 25 Years
Nigeria continues to face significant challenges, including high debt, currency devaluation, and rising prices. On top of that, climate change-induced weather disasters and food security issues have made the economic outlook less optimistic.
WikiFX Broker
Latest News
Will Gold Prices Continue to Rise Due to Trump’s Tariffs?
WikiFXMiami Firm Owner Pleads Guilty to $6M Ponzi Scheme Fraud
WikiFXNBI Cebu Arrests Forex Trader for Illegal Investment Solicitation
WikiFXPU Prime's "Feather Your Trades" Contest! Begin
WikiFXeToro Files for IPO with $5 Billion Valuation on NASDAQ
WikiFXIs FizmoFX a Scam? Fraud and Account Suspension of Traders
WikiFXWhy the Federal Reserve Is So Important
WikiFXBoerse Stuttgart Digital Secures EU-Wide MiCAR Crypto License
WikiFXBOJ to Announce Policy Decision This Week, Market Bets on a Rate Hike
WikiFXCrypto.com’s Dual Front Battle: European Progress and U.S. Regulation
WikiFXCurrency Calculator
