The Cyprus
Securities and Exchange Commission (CySEC) has issued urgent warnings about a
recent spike in sophisticated financial scams targeting investors through
multiple channels. This concerns both scammers impersonating the regulator
itself and those exploiting the likenesses of famous individuals and
celebrities.
Watch Out for Cysec
Impersonators
In a
statement released today (Thursday), CySEC alerted the public to malicious
websites and email addresses fraudulently claiming association with the
regulator. The sites “cysecgov.org” and “cysecgov.cc” have
been created to mimic official CySEC communications, along with the email
address “supportcenter@cysecgov.org”.
“These
fraudulent entities are approaching investors and demanding fees, falsely
claiming they can help recover losses from investments in CySEC-supervised
companies,” said a CySEC spokesperson. “We want to be absolutely
clear that CySEC never contacts individuals to request personal or financial
information, nor do we collect fees from investors for any purpose.”
CySEC Warns of Surge in
Financial Scams Targeting Investors
The
regulator also warned of a parallel scheme involving false social media posts
and online articles. These deceptive posts purport to show well-known political
figures and celebrities endorsing high-yield investment products.
“Our
investigation has confirmed these posts are entirely fabricated and unrelated
to the public figures being impersonated,” the spokesperson added.
“They are designed solely to deceive and defraud unsuspecting
investors.”
CySEC urged
the public to exercise extreme caution and verify the legitimacy of any
investment opportunity or communication claiming to be from the regulator.
Investors can check whether a firm is licensed to provide investment services
in Cyprus by visiting the official CySEC website.
The
regulator emphasized that dealing with unlicensed entities leaves investors
without access to important protections, including out-of-court dispute
resolution procedures.
“In
the current climate, it’s more important than ever for investors to remain
vigilant,” the spokesperson concluded. “Always verify you’re dealing
with genuine, licensed entities before sharing any personal information or
making investment decisions.”
This article was written by Damian Chmiel at www.financemagnates.com.
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