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Fraudsters target football supporters

Investment scam aims to score against Blades fans

The Financial Services Authority has discovered what it believes is a scam aimed at fans and shareholders of Sheffield United Football Club.

Supporters of Sheffield United, known as the Blades, have been contacted by a company purporting to offer to buy up shares in the club. To secure their chance to offload shares for a premium price, potential victims are asked to pay a fee up-front. 

Scammers fake legitimate firm

The FSA believes that the supposed offer is fraudulent and that the company offering the deal is masquerading as Sumitomo – a legitimate corporation. 

This latest scam is a variation on previous cons that were aimed at supporters of other football clubs, including Birmingham City and Millwall.

Consumers should be wary of football scam

The FSA’s head of unauthorised business Jonathan Phelan said: ‘We strongly believe this is a scam and anybody that is approached by this firm, or any other firm with a similar offer, should be very wary indeed. Calls out of the blue that promise a fantastic return on investment are one of the key hallmarks of a scam. 

‘Anybody giving money to this firm stands a very real chance of losing it all. If you get a call like this and you’re not sure what to do – please look at the warnings on our website or call us so we can talk you through your options.’

More on this…

  • Spotting and avoiding scams – advice on how to recognise fraud
  • Stocks and shares – what you should know about investments
  • Investment scams – how investment cons work
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