SEC-PR-2412-194 (Dec. 11, 2024) (SEC-PR-2412) SEC Charges Three Individuals with Impersonating Financial Professionals in Fraud Scheme Targeting Retail Investors Excerpt: Washington D.C., Dec. 11, 2024 — The Securities and Exchange Commission today charged Chibuzo Augustine Onyeachonam, Stanley Chidubem Asiegbu, and Chukwuebuka Martin Nweke-Eze with fraud for impersonating legitimate securities brokers and investment advisers in an […]
Category: Impersonation Scams
Impersonation Scams are deceptive schemes where fraudsters pose as trusted individuals or organizations with the primary goal of stealing money from victims’ bank accounts, investment accounts, or other asset accounts. These criminals often impersonate representatives from legitimate financial institutions or government agencies, reaching out to victims through phone calls, emails, or social media. They employ tactics that instill a sense of urgency or fear, compelling victims to disclose sensitive information. For example, a scammer might claim there’s an urgent issue with the victim’s account that requires immediate verification, prompting the victim to share their login credentials or personal details. Once the fraudster gains access to this information, they can swiftly siphon funds from the victim’s accounts, resulting in significant financial loss. Awareness and vigilance are crucial in protecting oneself from these sophisticated scams.
- ♦ (FTC) (consumer.ftc.gov) – “How To Avoid Imposter Scams“
- ♦ (FTC) (consumer.ftc.gov) – “How To Avoid a Government Impersonation Scam“