FSMA Warns Public Against Fraudulent WhatsApp Groups Impersonating Bolero and GuardCap
The Belgian Financial Services and Markets Authority (FSMA) has issued a fresh warning about fraudulent WhatsApp groups that impersonate Bolero (KBC Bank NV) and GuardCap Asset Management Limited. Fraudsters advertise on social media, lure consumers into private groups, and promote fake AI-based investment plans with unrealistically high returns. The FSMA has added the entities behind these schemes to its list of firms operating unlawfully in Belgium.
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