AXA Investment Managers - Scam

mikerj

Has anyone else been scammed by Dublin based fraudsters passing themselves off as AXA Investment Managers offering Cash ISA's at good interest rates?
It was around May 2019.
I've lost quite a bit of money.

eskbanker

Presumably some were, since the FCA issued a clone scam warning at the time, including an Irish phone number: https://www.fca.org.uk/news/warnings/axa-investment-managers-uk-limited-axa-im-asset-management-clone-authorised-firm

mikerj

Thanks. Reported it to the Action Fraud site. Not sure how to try and get the money back.

dunstonh

You are probably not the only one.   A lot of these clone scams since to have a base in Dublin.  

 Not sure how to try and get the money back.

You probably won't see a penny of it back I'm afraid.   Very few scams like this recover enough or any money to distribute to those scammed.

cisko65

dunstonh said:

You are probably not the only one.   A lot of these clone scams since to have a base in Dublin.  

 Not sure how to try and get the money back.

You probably won't see a penny of it back I'm afraid.   Very few scams like this recover enough or any money to distribute to those scammed.

I was looking for posts on Axa private investors and this one clicked a general question: if someone is scammed isn't there any way to get money back? Thanks

dunstonh

 if someone is scammed isn't there any way to get money back? 

In the vast majority of cases, no.     The company has to be regulated to get consumer protection. And regulated companies are rarely involved in scams (it happens, but not common but the FSCS covers regulated companies).