Rathbones' identity used by fraudsters

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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...

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