SA tops global fraud charts as FSCA flags social media investment scams
The FSCA warns South Africans to stay vigilant as unauthorised individuals and entities exploit social media and digital platforms to solicit high-risk investments.
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FSCA issues multiple public warnings about unauthorised operators
South Africans should verify anyone offering financial services or investment opportunities.
No one is safe: FSCA sounds alarm on a surge in impersonation and investment scams
Fraudsters are increasingly impersonating reputable financial firms and executives to lure investors.
FSCA warns of surge in impersonators using fake credentials to scam investors
Fraudsters are posing as the FSCA and licensed financial service providers on social media.
Unauthorised operators masquerade as top firms to promise unrealistic returns
The FSCA warns the public about multiple unauthorised financial scams impersonating trusted brands on social media, urging caution and verification before investing.
Scammers target Banxso investors with fake fund recovery schemes
Scammers are preying on Banxso investors, promising to recover lost funds for a fee, the FSCA warns.
