Spanish regulator warns of scam firms stashing cash abroad
24 Sep 15
Spain’s financial regulator has issued a warning about unauthorised firms scamming clients out of their money by transferring funds to accounts based abroad.
Incomprehensible explanations and use of technical jargon
Firms promoting fraudulent investments talk with confidence and mastery of technicalities that make them look like experts on the subject. In fact, the aim is that the potential victim does not understand anything and chooses to trust those who seem to be experts who know what they are talking about.
