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Aviva target of insolvency hoax

Norwich Union’s parent company Aviva has become the target of a hoaxer who sent an internal memo warning the insurer was insolvent.

According to the Daily Mail the hoaxer posed as finance director Philip Scott in the letter addressed to chief executive Andrew Moss urging him to come clean about the insurer’s financial problems.

The letter claimed Moss had been keeping information from the rest of the board and the firm’s auditors.

Aviva, reportedly concerned the hoaxer was a trader or hedge fund looking to profit by pushing the firm’s share price down, has alerted the FSA.

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