FINMA Adds Marcus Korsten Clone to Warning List

The FINMA) released a statement warning the public against trading with a clone of Marcus Korsten Investments this Thursday.
Unlike its fellow regulatory bodies, FINMA doesn’t always go into great detail regarding as to what it is a firm has done to warrant it being added to its warning list.
But in general, most firms put on the Swiss regulator’s list, just like companies put on other regulator warning lists, are scams.
In this instance, the firm appears to be imitating a genuine firm.
Based in Germany, the real Marcus Korsten is regulated by the Financial Conduct Authority (FCA).
Unlike the real Marcus Korsten, the clone version of the firm, says that its headquarters are based in Switzerland.
Clone firms operate in a very similar way to other scam investments.
FINMA – catching the fake address fraudsters
Like, for example, a fraudulent foreign exchange broker, they entice clients by offering some kind of bogus investment with extremely high returns. The scammers’ favorite financial instrument over the past twelve months has been cryptocurrency.
Of course, once an investor has handed over their money, they will never see it again.
The scammers will, however, often use a fake trading platform of some description.
These fake platforms can be accessed online and give a user the impression that they are making loads of money.
Once a scammer has milked a trader for all they are worth, they will then spit them out and cease all form of contact with them.
Along with fake brokers, clone companies also use bogus addresses to trick clients into thinking they are operating a legitimate business.
This author last summer and found nothing. The clone company scammers had simply made up the address and tacked it onto their website to make themselves look like normal human beings.