Rathbones' identity used by fraudsters

clock

Fraudsters claiming to be from wealth manager Rathbones are attempting to convince people to transfer money to them for share purchases.

A spokesman for Rathbones says the firm first became aware of the scam when a member of the public flagged up the issue in mid-August. Rathbones immediately told the police, who are now investigating the matter. The spokesman says the fraudsters have not targeted Rathbones clients. "An individual, or individuals have put together a Rathbone letter requesting funds, and sent it to a random selection of people." The recipients of the letter are asked to transfer money to accounts via bank transfer. The firm says: "These accounts are owned and operated by those attempting the fr...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

PA Working Lunches: Long-term structural change with Scottish Mortgage

PA Working Lunches: Long-term structural change with Scottish Mortgage

Join us for an informative session worth one hour of CPD

Professional Adviser
clock 24 February 2025 • 1 min read
Partner Insight: How smoothed funds can meet clients' needs

Partner Insight: How smoothed funds can meet clients' needs

Andy Brown, head of fund solutions at Standard Life, explains what led the firm to create its smoothed fund proposition.

Sarka Halas
clock 21 February 2025 • 2 min read
'I'm ready for this, there's no denying': Four reasons to celebrate AIM's 30th birthday

'I'm ready for this, there's no denying': Four reasons to celebrate AIM's 30th birthday

The Alternative Investment Market launched on 19 June 1995

Eustace Santa Barbara
clock 20 February 2025 • 4 min read