Clone firm scam: ‘I was conned out of £60k’

We talk to a man who lost more than £60,000 to clone firm scammers. We reveal how the con works, how the victim got his money back and top tips to help you stay safe if you’re targeted.

Fraudsters can trick people out of their cash by pretending to be from, or mimicking, an established financial services company authorised by the Financial Conduct Authority (FCA).