WARNING: Beware of scams using social media and messaging apps. Find out more.
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Scam Alert
There are a number of investment scams currently circulating that investors should be aware of.
WhatsApp and social media: Scammers have been impersonating investment experts, such as HL’s founders, Peter Hargreaves and Stephen Lansdown, and promoting private WhatsApp groups for investors on social media. HL does not use WhatsApp and our founders are not on social media, so anything purporting to come from HL is a scam.
Specific stock scams: Fraudsters often promote stocks with false or misleading information encouraging others to invest which, in turn, inflates share prices. They then take advantage of this by selling off their own shares for a profit, leaving victims of the scam facing potential losses.
Risk of secondary scams: Be aware that once targeted by a scam, you’re more likely to be contacted again. If you've lost money to a scam, you're at high risk of being targeted by a fraud recovery scam. These scams involve individuals or organisations claiming they can recover your lost funds before taking the opportunity to defraud you a second time.
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