Regulators and law enforcement agencies across multiple countries are warning the public about a surge in fraudulent trading platforms and investment scams. The Japanese Financial Services Agency has issued alerts regarding a rise in illicit transactions conducted through fake websites impersonating securities firms. Similarly, police in South Korea have cautioned against scams involving impersonation of public officials and celebrity agency staff, with victims losing tens of millions of won through proxy purchases. French authorities report dozens of complaints filed by victims of counterfeit online trading platforms. Experts emphasize the importance of investor vigilance and recommend due diligence to identify and avoid fraudulent investment ventures. Several sources have provided guidance on recognizing fake trading platforms to help protect potential investors from financial losses.
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This incident underscores the urgent need for heightened awareness and due diligence among potential investors. Here are five ways to know if an investment venture or trading platform is fake and potentially a scam: https://t.co/YQj7nZOwoR
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