WhatsApp Fraud: Fake Account of FMA Chief Circulating

The account is spreading alleged stock recommendations – however, according to the FMA, these are "not authentic." Police and telecom providers have already been informed.

The authority makes it clear: Neither the board nor other representatives of the FMA ever make specific recommendations to buy or sell financial instruments. Anyone receiving such messages should ignore them, block the account, and report it.

Fraud Attempt through "Authority Scam"

The case involves a so-called "Authority Scam." In this, fraudsters attempt to gain trust by using fake identities of authority figures or institutions to lead individuals to certain actions – such as investing in supposed financial products or disclosing sensitive data.

According to the FMA, such attempts have been increasing recently. Just last month, a fake video of OeNB Governor Robert Holzmann circulated, apparently created with a similar deceptive intent.

FMA Appeals for Vigilance

The Financial Market Authority thanks those who have brought attention to the fake account and calls on all social media users to be more vigilant. Suspicious content and accounts should be reported and blocked to prevent the spread of such fraud attempts.

(Red)

This article has been automatically translated, read the original article here.