The Financial Sector Conduct Authority (FSCA) warns the public to be cautious when dealing with individuals impersonating the FSCA, and its staff member, Ms Felicity Mabaso (Ms Mabaso).

The impersonators appear to be operating a “cloning scam”, where they assume the identity of the FSCA or members of its staff (Ms Mabaso) to defraud the public.

The FSCA received complaints from members of the public, claiming that they were contacted by the impersonators and requested to pay over funds, so that their (members of the public) investment profits could be released.

The FSCA confirms that it is not involved with the release of investment profits on behalf of complainants. The FSCA was unable to reach the impersonators on the contact details provided to it. The FSCA is investigating this matter and urges the public to be vigilant.

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