Do not invest with this entity
This entity appears in one or more regulatory or sanctions lists (SEC PAUSE, DFPI, OpenSanctions). Report to the FBI IC3 at ic3.gov and the FTC at reportfraud.ftc.gov.
SAXO Group(Entity impersonating Saxo Bank)
Investment / sanctions alert · dfpi
DFPI — Victim narrative (California)
Two California residents reported their experiences investing with the crypto asset trading platform, “SAXO Group.”The first victim met someone on Facebook Messenger and later continued their conversations on WhatsApp. Their internet friend said he was investing in gold and claimed that he was advised on how to invest by his uncle. The friend instructed the victim how to download the application called SAXO Group and open an account there, and then how to transfer crypto assets into the account. The victim followed the instructions and believed they were making money, but when they tried to wi
Estimated loss: $49,000
Type: Fraudulent Trading Platform | Imposter Scam | Pig Butchering Scam | Romance Scam
Have you been contacted by SAXO Group(Entity impersonating Saxo Bank)?
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What to do if you were targeted
- 1.Stop all transfers immediately.
- 2.Contact your bank or wire transfer service to attempt a recall.
- 3.File a complaint with the FBI IC3 at ic3.gov.
- 4.Report to the FTC at reportfraud.ftc.gov.
- 5.Report to your state securities regulator via nasaa.org.