Investor Risk Warning

Be alert to share fraud and boiler room scams

We have been contacted by investors informing us that they have received telephone calls from people who have offered to buy their investment company shares, purporting to work for Aberdeen Asset Management or third party firms. These may be scams which attempt to gain your personal information with which to commit identity fraud or could be ‘boiler room’ scams where a payment from you is required to release the supposed payment for your shares. These callers do not work for Aberdeen and any third party making such offers has no link with Aberdeen.

Aberdeen Asset Management never makes these types of offers and does not ‘cold-call’ investors in this way. If you have any doubt over the veracity of a person purporting to work for Aberdeen, do not offer any personal information, end the call and contact our investor services centre using the details on our Contact Us page.

The Financial Conduct Authority provides advice with respect to share fraud and boiler room scams: www.fca.org.uk/consumers/scams.

 

Warning 1: Arden Asset Management

We have been contacted by investors informing us that they have received telephone calls from individuals purporting to work for Arden Asset Management Limited (a company acquired by Aberdeen in 2015).

These individuals are contacting victims of a previously successful boiler room scam and promising that they can recover the money lost.  The caller may ask for personal information, bank details, or ask for a payment in order to facilitate returning the money.   

Please be aware that this is a scam and in no way connected with or affiliated to Aberdeen. Aberdeen and Arden do not does not offer such arrangements and does not contact individuals in this way.

The Financial Conduct Authority provides advice with respect to share fraud and boiler room scams: https://www.fca.org.uk/news/warnings/arden-asset-management-limited.

Warning 2: Carbon Credit

We have become aware of a scam affecting the owners of Carbon Credits. Individuals purporting to represent either Aberdeen or Arden Asset Management (a company acquired by Aberdeen in 2015) are contacting investors with Carbon Credits stating that in order to facilitate an enforced sale of their investment they are required to open and pay money into a bond run by Arden Asset Management.

As part of this, you are asked to provide personal information and bank details in order to facilitate the sale. You may also receive accompanying paperwork via post and call backs where you are asked to provide further information, including your bank details.

Please be aware that this is a scam and in no way connected with or affiliated to Aberdeen. Aberdeen does not offer such arrangements and does not contact individuals in this way.

Warning 3: ‘Aberdeen Trust’

We have been contacted by investors informing us that they have received telephone calls from individuals purporting to work for a company called ‘Aberdeen Trust’.

This company has offered to buy investors existing shareholdings or invest money on their behalf which would offer guaranteed returns. These may be scams which attempt to gain your personal information with which to commit identity fraud or could be ‘boiler room’ scams where a payment from you is required either to release the supposed payment for your shares or to invest. These callers do not work for Aberdeen Asset Management and any third party making such offers has no link with Aberdeen Asset Management.

The Financial Conduct Authority provides advice with respect to share fraud and boiler room scams: www.fca.org.uk/news/warnings/aberdeen-trust.

Warning 4: LinkedIn

We have become aware of an individual offering false lease agreements through email using the name and logo of Aberdeen Asset Management. This individual is also using a profile on the website LinkedIn which suggests he is an Aberdeen Asset Management member of staff to lend credibility to his approach. Aberdeen does not offer such agreements and will not contact the public in this way to offer such. Please also note that although our staff will use LinkedIn for networking purposes they never make contact with prospective clients or offer unsolicited business proposals via the site.