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27 Mar 2014, 12:03 pm

AlphaLeo Capital Impersonated in a Fraudulent Scam

The Dubai Financial Services Authority (DFSA) issues the following alert about a scam in which the scammers use the name, “AlphaLeo Capital”, and have established a fake website using this name -
http://alphaleo-capital.com/about.html. The name used is similar to that of a genuine DFSA regulated company, called AlphaLeo Capital Advisors Limited.  AlphaLeo Capital Advisors Limited does not have a website.  The DFSA is concerned that the scammers have deliberately stolen the identity of a genuine DFSA licensed Firm, and created a fake website, without authority and for a malicious purpose.On the website, “AplhaLeo Capital” claims to be licensed by the DFSA to offer an “umbrella service” covering a range of financial products and services.The DFSA informs you that the claims made by “AlphaLeo Capital” on its website are false and misleading in the following way:• The DFSA does not authorise firms to provide an “umbrella service”• “AlphaLeo Capital” is not licensed by the DFSA to provide any financial products or services;• “AlphaLeo Capital” is not located in the Dubai International Financial Centre (DIFC); and• “AlphaLeo Capital” is not a DIFC incorporated company. The DFSA strongly advises that you do not contact “AlphaLeo Capital”, and under no circumstances should you send “AlphaLeo Capital” any money.The DFSA has a page on its website dedicated to Alerts which it has issued in relation to scams.  All Alerts issued by the DFSA may be accessed by going to: Your-Resources/dfsa-alertsThe DFSA has also recently issued warnings and guidance about the common types of scams perpetrated on consumers. For more information on these scams, please go to: HowToAvoidBeingScammedIf you have any concerns about the authenticity of any DIFC or DFSA companies or firms, you should direct your concerns to the DIFC on Tel: +971 4 362 2222 and to the DFSA via the DFSA Complaints function on www.dfsa.ae or via telephone on +971 4 362 1576.

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