Whatsapp frauds with the illicit use of well-known brands in the financial sector - Consob issues alert on the spread of the phenomenon

Consob warns savers of the risks associated with investment proposals, delivered mainly through variously named WhatsApp groups and channels, which by unduly leveraging the notoriety of the brands "Morgan Stanley," "BlackRock" or other leading players in the financial sector prospect unrealistic earning opportunities related to alleged investments that, even by means of the alleged use of artificial intelligence programs, would allow to replicate the transactions carried out by "institutional investors."

These proposals, delivered through WhatsApp groups and channels named, for example, "A24 - Morgan Stanley Equity Portfolio"; "F310 - Morgan Stanley Stock Group"; "S166 - Investment Community"; "B4 - Morgan Stanley Equity Portfolio"; "S135 - Morgan Stanley Investment Community"; "A125 Morgan Stanley Stock Information Discussion Group"; "MS Direct Investments - VIP910." "Fall Investment Strategy 2024 in Italy"; "Cavaliers of Wealth V566"; "BlackRock Group Free Stock Exchange"; "BlackRock webinar V62"; "Y155- Trading Alliance", come from individuals who deceitfully claim to be advisors and/or employees of "Morgan Stanley", "BlackRock" or other financial operators and are misleading initiatives aimed at acquiring the sums of money and users' personal data."

Consob draws the attention of savers to the importance of using the utmost diligence in order to make investment choices in full awareness, adopting common sense behaviors that are essential to safeguard one's savings: among these, consult the "Watch for Scams!", section of Consob's website where useful information is available to warn investors against abusive financial initiatives.

18 November 2024