It wouldn’t be a workday without a financial scam appearing. And, on this fine February Friday, the Financial Conduct Authority advised traders against trading with a man pretending to represent ADM Securities.
Everyone knows ADM. Based in London, the brokerage offers institutional traders an array of products to trade in.
So successful has the firm been, that it seems a young rapscallion, who goes by the unoriginal pseudonym Mark Shepard, has been trying to trick people into giving him their money by pretending to represent ADM.
Sadly, Shepard doesn’t have a fake website that he uses to con investors. Usually such sites resemble a Windows 98 paint-job and are fairly amusing to look over.
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Instead of ‘reaching out’ to prospective victims via the great world wide web, it seems that Shepard is doing things the old fashioned way and cold calling them.
For those of you who are interested, his number is 0203 966 3978, so if he gives you a call, or you give him a call, ask him how he is doing and, if you can, try and find out what he’s really called and where he lives.
Just remember, if he asks for any money, don’t give it to him.