Fraud Bureau warns of Cape Verde pension scam

The Bureau sent out an action alert earlier this week, calling on consumers to protect themselves from the fraud, which often involves setting up small self-administered schemes (SSAS). It said consumers were being cold-called by unregulated agents posing as trustees, consultants or independent advisers and being offered "exceptionally high" rates of return. The organisation already warned savers were being targeted by "forceful salesmen" selling "scam" investments in parking spaces at locations close to major airports. The agents offered to transfer people's pension money to a SSA...