The prosecutor's office, police and the Polish Bank Association warn against fraudsters

The Police Headquarters, the National Public Prosecutor's Office and FinCERT.pl - the Banking Cyber ​​Security Center of the Polish Bank Association issued a joint announcement in which they warn against fraudsters trying to trick investments into Forex market and in cryptocurrencies.

The recent high volatility in the currency and commodity markets as well as huge declines and even greater rises in stock indices have ignited the imagination of many people. Also those less experienced in the financial markets. It is they who most often fall victim to scammers who promise "golden mountains", that is, huge profits with minimal risk.

Unfortunately, more and more offers from "newly established" entities are mere scams. The police, the prosecutor's office and the Polish Bank Association are warning against them in a special announcement.

Forex Scams - No Profit Without Risk

“It should be noted that investing in cryptocurrencies or in the Forex markets is legal in principle. However, before we start investing, it is worth getting acquainted with all the rules that apply to this type of activity. The basic rule is that you can gain a lot, but you can also lose everything! There is no risk-free profit, and in this case the risk is very high! Alleged facilitations in investing in these markets are used by criminals who offer intermediation in such investments " - we read in the joint communiqué of the services.

Extortion is practically always the same. Fraudsters pretend to be brokers, financial intermediaries, or representatives of companies that deal in Forex trading, buying cryptocurrencies, etc. They often invest a lot of money in advertisements and advertising to prove themselves. They use images of people who allegedly earned money from them. Sometimes they are average citizens, and sometimes representatives of the world of sports, celebrities or actors who find out only after the fact that someone has used their image without their knowledge and consent.

Therefore, the authors of the message urge us to be reasonable in cases where someone contacts us and informs about:

• the possibility of obtaining quick and high profits thanks to investments in cryptocurrencies or in the Forex market;
• the need to install the application (on a computer or telephone), giving the opportunity to automate operations related to the purchase and sale of cryptocurrency or operations on the Forex market;
• in that investment and application support are provided by "analysts" who contact by phone and assist in using the application.

Recommendations of the services after contact of fraudsters

The National Prosecutor's Office, Police Headquarters and FinCERT.pl - Bank Cyber ​​Security Center of the Polish Bank Association also prepared guidelines on how to act in order to avoid frauds, not to be manipulated and not to lose money. Here they are:

1. familiarize yourself with information from the Polish Financial Supervision Authority and NBP on investing in cryptocurrencies;
2. Check the credibility of each entity. Verify  Opinions about the institution on the Internet, for example in conjunction with the terms "scam" or "scam". Do not stop after finding one page with reviews.
3. Do not share your login details in electronic and mobile banking;
4. Do not disclose confidential data regarding your payment cards to anyone;
5. Do not send scans of your ID card to anyone;
6. Do not install additional software on devices that log in to online banking;
7. If you receive a transfer from an unknown sender, under no circumstances should you transfer funds even if "Your adviser" asks for it - you may unknowingly take part in the crime;
8. Check if the institution - "broker" is on KNF's list of warnings.
9. If you suspect that you have fallen victim to fraud, you always have the right to contact your bank and submit an appropriate notification to the Police.

The Forex Club also regularly publishes warnings and messages regarding new scams and scams under the guise of the Forex market, cryptocurrencies or binary options - STAY UPDATED.