{"id":239645,"date":"2022-10-11T09:08:03","date_gmt":"2022-10-11T07:08:03","guid":{"rendered":"https:\/\/mypr.co.za\/?p=122709"},"modified":"2022-10-11T09:08:03","modified_gmt":"2022-10-11T07:08:03","slug":"scam-artists-targeting-south-african-investors-again","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/scam-artists-targeting-south-african-investors-again\/","title":{"rendered":"Scam Artists Targeting South African Investors \u2013 AGAIN!"},"content":{"rendered":"<aside class=\"scaip scaip-1 \">\n<aside id=\"republication_tracker_tool-2\" class=\"republication_tracker_tool clearfix\">\n<h5 class=\"adtitle\">Republish for Free<\/h5>\n<div class=\"license\">\n<p><button name=\"Republish This Story\" id=\"cc-btn\" class=\"republication-tracker-tool-button\">Republish This Story<\/button><\/p>\n<p><a class=\"license\" rel=\"noreferrer license noopener\" target=\"_blank\" href=\"http:\/\/creativecommons.org\/licenses\/by-nd\/4.0\/\"><img decoding=\"async\" alt=\"Creative Commons License\" class=\"lazyload\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/10\/scam-artists-targeting-south-african-investors-again.png\"><\/a><\/p>\n<p><img decoding=\"async\" alt=\"Creative Commons License\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/10\/scam-artists-targeting-south-african-investors-again.png\"><\/div>\n<div class=\"message\">\n<p>Republish our articles for free, online or in print, under a Creative Commons license.<\/p>\n<\/div>\n<\/aside>\n<\/aside>\n<p>South Africans are urged to be on the lookout for scammers that are trying to convince you to \u201cinvest\u201d in their trading or investment scheme.<\/p>\n<p>\u201cThe Modus Operandi seems to target Facebook Groups,\u201d says Jack Edwards, South African Marketing Manager of CAPEX.com. \u201cThese scammers will stalk innocuous Facebook groups, often with no connection to investments, and comment about investment opportunities on people\u2019s posts.<\/p>\n<p>\u201cThey can come across as quite convincing, often showing off a very flashy lifestyle that looks appealing. One of the things they\u2019ll do is visit a fancy car dealership and get a friend to take photos of them standing next to luxury cars. They\u2019ll then use these photos as a profile pic to tout themselves as being successful investors.<\/p>\n<p>\u201cPromised high returns is usually the big red flag,\u201d continues Edwards. \u201cIf people are offering impossibly high returns then stay very far away. This is the first red flag to watch out for.<\/p>\n<p>\u201cThe second is that they\u2019ll invest on your behalf. You\u2019ll be asked to pay the money into their \u2018business account\u2019 and this will probably be the last time you\u2019ll see your money. They\u2019ll often follow up with a statement showing your growth, all faked, as well as photos of bank statements which have been photoshopped to make you think your money is doing very well. They\u2019ll keep encouraging you to invest more and more. You\u2019ll only realise you\u2019ve been conned when you try to make a withdrawal, to find that they come up with a litany of excuses, or they disappear entirely.\u201d<\/p>\n<p>These scam artists are professional con-artists. They have a well-orchestrated playbook and are often run by syndicates.<\/p>\n<p><strong>How can you avoid being scammed?<\/strong><\/p>\n<ol>\n<li>Stay away from people who offer to invest on your behalf, in their bank account, offering high returns on your investment. Financial Advisors are strictly regulated in South Africa, and will never offer to invest in brokerage firms for you. You can visit the Financial Sector Conduct Authority (FSCA) website to do a search on them to see if they are legitimate.<\/li>\n<li>Never deposit money into someone else\u2019s personal bank account, and never give them access to your bank account.<\/li>\n<li>Make sure you only use a legitimate brokerage platform. A legal brokerage platform will be registered with South Africa\u2019s Financial Sector Conduct Authority (FSCA). You\u2019ll also find your money is kept in a separate account which is ring-fenced from other investors.<\/li>\n<\/ol>\n<p>\u201cCAPEX.com encourages active investors to do all due diligence on their investments and their investment platform. We\u2019re registered with the FSCA to give our investors confidence in using our platform and we ring fence their investment from other investors.<\/p>\n<p>CAPEX.com allows interested investors to open a free account which gives them access to our Trading Academy so that they can learn for themselves how to invest, and how to read their own buy\/sell signals. We will never tell you what to do, and we\u2019ll never invest on your behalf,\u201d says Edwards.<\/p>\n<p>Forewarned is forearmed. Be on alert for anyone who wants access to your money or your bank accounts.<\/p>\n<p>\u2014\u2014\u2014\u2014\u2014\u2014<\/p>\n<p><strong>About CAPEX.COM<\/strong><strong><br \/><\/strong>CAPEX.com is a leading global trading platform providing its users with expert insights, tools, and resources to make markets accessible to a worldwide audience and offering a tailor-made trading experience. Its professional trading platforms, robust technological infrastructure, and transparent trading conditions have propelled it as one of the most respectable brokers on the international stage.<\/p>\n<p>Anchored by a global presence and regional expertise, CAPEX.com holds operating licenses from Cyprus Securities and Exchange Commission, Abu Dhabi Global Market Financial Services Regulatory Authority, the Financial Services Authority (FSA) in Seychelles, and the Financial Sector Conduct Authority in South Africa. Visit their website for more details.<\/p>\n<p>HIGH RISK INVESTMENT WARNING: Trading CFDs is highly speculative, involves a significant risk of loss and is not suitable for all investors. Before trading, you are strongly advised to familiarise yourself with the applicable risks. These can be found on the capex.com website.<\/p>\n<figure id=\"attachment_122710\" aria-describedby=\"caption-attachment-122710\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/mypr.co.za\/?attachment_id=122710\"><img loading=\"lazy\" decoding=\"async\" alt width=\"1250\" height=\"833\" class=\"wp-image-122710 size-large lazyload\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/10\/scam-artists-targeting-south-african-investors-again.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-122710 size-large\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/10\/scam-artists-targeting-south-african-investors-again.jpg\" alt width=\"1250\" height=\"833\"><\/a><figcaption id=\"caption-attachment-122710\" class=\"wp-caption-text\">Image Supplied by Freepik.com<\/figcaption><\/figure>\n<p><strong>Video:<\/strong> Scam Artists Targeting South African Investors \u2013 AGAIN!<\/p>\n<p><strong>More Info on Scam Artists Targeting South African Investors \u2013 AGAIN! here:<\/strong> <a href=\"https:\/\/za.capex.com\/en\/market-news\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/za.capex.com\/en\/market-news<\/a><br \/><strong>Twitter<\/strong>:<br \/><strong>Facebook<\/strong>:<\/p>\n<p><a href=\"http:\/\/mypr.co.za\/save-with-myprs-monthly-flat-fee\/\">CLICK HERE to submit your press release to MyPR.co.za<\/a>.<\/p>\n<p> <span class=\"post-views-icon dashicons dashicons-chart-bar\"><\/span> <span class=\"post-views-label\">Press Release Views since 1 July 2022:<\/span> <span class=\"post-views-count\">16<\/span> <\/p>\n<div class=\"entry-pagination pagination\">Pages: <span class=\"post-page-numbers current\"><span class=\"screen-reader-text\">Page <\/span>1<\/span> <a href=\"https:\/\/mypr.co.za\/scam-artists-targeting-south-african-investors-again\/2\/\" class=\"post-page-numbers\"><span class=\"screen-reader-text\">Page <\/span>2<\/a><\/div>\n<p><a href=\"https:\/\/mypr.co.za\">Source: MyPR.co.za<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Republish for Free Republish This Story Republish our articles for free, online or in print, under a Creative Commons license. South Africans are urged to be on the lookout for scammers that are trying to convince you to \u201cinvest\u201d in their trading or investment scheme. \u201cThe Modus Operandi seems to target Facebook Groups,\u201d says Jack [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":239646,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[18,9021,3336,1],"tags":[3257],"class_list":{"0":"post-239645","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-durban","8":"category-mypr","9":"category-pretoria-south-africa","10":"category-south-africa","11":"tag-mypr","12":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/10\/scam-artists-targeting-south-african-investors-again.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/239645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=239645"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/239645\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/239646"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=239645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=239645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=239645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}