BMA Warn About Fake ‘Certificate of Converting’

February 10, 2021 | 0 Comments

The Bermuda Monetary Authority [BMA] said they have ”been made aware of a fraudulent document being included in targeted social media messages” which has “misappropriated the name and logo of the Authority.”

A spokesperson said, “The fraudulent document, a “Certificate of Converting”, has misappropriated the name and logo of the Authority as a watermark, and unlawfully falsified the approval of the Authority’s Executive Chair. This document appears to be part of an advance fee fraud in which the sender is requesting a conversion fee to be paid in advance of receiving any prize winnings. A copy of the document is provided below.

“The Authority advises the public that falsified approvals, and the misuse of corporate names or logos are all red flags for fraud. Furthermore, persons who engage with this entity, or any of its representatives, do so at their own risk.”

Image of the fraudulent document provided by the BMA:

Notice (not for consultation) template

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