Fraud Warning

Telephone and Internet Fraud

You should be aware that telephone and Internet fraud has become widespread. A common fraud consists of people, impersonating staff of banks and brokers, who persuade individuals to provide personal details including passwords for internet services and even transfer money to bank accounts other than those of the company that they pretend to represent.

It appears that victims are often initially approached via social media apps such as “Facebook”, “WeChat” and “Line”.

We at Funderstone Securities Limited always encourage clients to open accounts in face to face meetings, usually in our Hong Kong office. Our staff do not cold call clients that they do not know.

You should NEVER EVER transfer funds for investment to the personal name of individuals representing themselves as staff of a financial institution. If someone tries to persuade you to do this, you should contact the police immediately.

You can go to the following links for more detailed examples of common fraud.

Telephone scams:

Online scams: