Tag: The Tipster

Alert! FCA warns against social media boiler room operator Les Loups

Boiler Rooms Ben -
It is well known that scammers use social media (SM) like Facebook, Instagram, or Twitter to attack the new generation of investors and acquire affiliates. In addition, instant messenger services such as WhatsApp or Telegram are increasingly used as virtual boiler rooms to lure in and defraud online investors. Regulators have also recognized this. The UK FCA issued a warning against SM boiler room operator Les Loups d/b/a TradWise a/k/a The Tipster (@iam_thetipster). Here are our findings.