FCA Warns Against Deutsche Capital Management Clone Firm

Fraudsters have been cold-calling people as they pretend to represent the fund manager

It’s another day here on planet earth, and that means some fraudsters, in the midst of scuttling across the globe, decided to stop and try and scam some people. On this fine autumnal Friday, the UK’s Financial Conduct Authority (FCA) – a beacon of hope to regulators everywhere – announced that scammers have set up a clone firm of Deutsche Capital Management (DCM).

Based in the potato-loving country of Ireland, the real DCM provides fund advisory services to some of the whiskey-swigging locals. As it was only launched in late 2017, the company doesn’t have much of a presence online – in fact; it doesn’t even have a website.

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Luckily for them, the low-IQ scammers who are purporting to be them have set one up for them – yippy! Sadly the site is now offline, but be sure to check back at a later date and see if it’s back up, if only for your own amusement.

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FCA Says: Don’t Give Money to Cameron Price

According to the FCA, the scammers are also using false emails, designed to look as though they belong to the website. In fairness to the scammers, they did a pretty good job on the emails – they have an @dbdcm.org and everything.

The FCA also listed some phone numbers that the fraudsters have been using to contact people. Yours truly tried all three of them, but only one of them answered, and I was – can you believe it? – hung up on almost immediately.

Having said this, the man that did answer the phone was certainly not Irish, even though the fraudsters are claiming to be in Ireland, and the number I called was a UK one. He also goes by the name Cameron Price which is a lame pseudonym to use – couldn’t you be more imaginative Cameron?

Anyway, these people keep cropping up so come back soon for more amusement. In the meantime, don’t give your money to anyone suspicious – especially if they call themselves Cameron Price.

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