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SJP warns over fake loan email scam

St James’s Place has alerted investors to an email scam that sees fraudsters offer access to fictional loan products under the firm’s name.

In a notification on the company website, SJP warns of “emails being sent which appear to have originated from within SJP”.

“These emails make an offer to sell products which SJP does not provide, in particular loans at very attractive interest rates,” the warning says.

It says the scam is set-up to take a fee from an individual in exchange for access to fake loan products.

SJP says those targeted should refer the emails to Action Fraud, the internet crime reporting facility run by the City of London Police. The firm declined to comment further.

In 2011, SJP warned about scammers promoting fake funds under the SJP name.

A number of other firms have warned of seeing their branding used by fraudsters. deVere UK last year cautioned over a cloning scam, while Financial Ltd has also warned of fake loans marketed using its branding.

The regulator has even seen its name and logo used by scammers and raised concerns over fake FCA emails in 2013. 


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There are 2 comments at the moment, we would love to hear your opinion too.

  1. E L Wisty (an only twin) 12th August 2014 at 2:36 pm

    I may be wrong, but hasn’t SJP had similar problems in the past with fake emails allegedly offering “bonds flogged at low charges”, as well as “objective, impartial and independent advice”?

    Then again, I’m sure that SJP would prevent such misleading information ……..

  2. And the genuine scams perpetrated by SJP on a day to day basis??

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