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August 24, 1997updated 03 Sep 2016 8:31pm

SECURITIES & INVESTMENTS BOARD WARNS OF BOGUS WEB SITES

By CBR Staff Writer

The Securities and Investments Board has warned internet users to be on the look out for bogus web sites, mimicking those of legitimate investment firms. The fake sites have been set up to con investors out of money when they make a credit card transaction over the internet to what they think are genuine sites, or alternatively investors are urged to send or transfer small amounts of funds to a fake address, before after a few months being asked to send larger amounts of money. The fake company then disappears with the money.

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