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Beware – scammers are improving!

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Multiple cases have been identified recently about a very high-quality scam that is circulating, where fraudsters impersonating JP Morgan are introducing themselves as JP Morgan Chase & Co. The literature sent to individuals asks for investment into a Fixed Term Bond in return for guaranteed income per year of 6–10%!

Industry experts have seen the literature and the payment agreement and have confirmed that it is a very accomplished scam and one that will likely deceive many people into parting with thousands of pounds of their hard-earned savings. JP Morgan has confirmed that they are aware of this particular scam but that it is not linked to them in any way.

Please remain vigilant and remember that if something seems too good to be true then it probably is! A guaranteed annual return of 6–10% in the current economic climate is crossing into the realms of the ridiculous.

If you see anything suspicious please share it with us so we can communicate it more widely to try to prevent innocent people from falling foul of these dreadful scams.

Jasmine Lambert Chartered Financial Planner
Jasmine Lambert

Jasmine is the Managing Director and a Chartered Senior Financial Planner at Redwood Financial. She helps clients manage and grow their wealth and protect their estate. Jasmine also provides expert advice in our FREE Redwood Webinars, where you can learn more about Wills, Trusts and Estate Planning.

Redwood Financial is one of the south’s leading Investments, Pensions, Wills, Trusts & Estate Planning providers and we are dedicated to helping families to grow, protect and enjoy their wealth. With our unrivalled knowledge of Estate Planning, Lasting Powers of Attorney, Probate, Pensions, Savings & Investments, we can advise on any situation.
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