FCA warns against scammers' convincing online testimonies
£87,000 lost to binary option scams every day
The Financial Conduct Authority (FCA) has warned consumers against trusting online customer testimonies, which the regulator said are favoured trust-building techniques by scammers.
Research from the regulator found almost one-quarter (23%) of those surveyed trusted investment companies more if they displayed online customer testimonies. The FCA said scammers create "highly professional-looking"...
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