{"id":19316,"date":"2023-06-08T23:34:00","date_gmt":"2023-06-08T23:34:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4124544_AE24544_0"},"modified":"2023-06-08T23:34:00","modified_gmt":"2023-06-08T23:34:00","slug":"citi-urges-consumers-to-be-vigilant-against-investment-scams","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=19316","title":{"rendered":"Citi urges consumers to be vigilant against investment scams"},"content":{"rendered":"\n\n\n
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AUCKLAND, New Zealand<\/span><\/span>, June 9, 2023<\/span><\/span> \/PRNewswire\/ — Global financial institution Citi is urging consumers to remain vigilant following a spate of scams that have used the company’s branding to deceive unsuspecting New Zealanders.<\/p>\n

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Citi provides a range of financial services to institutional, government and corporate clients but does not offer products or services to individual retail customers in New Zealand<\/span>. In recent months, criminals have used the branding of legitimate financial institutions and banks, including Citi, to entice victims into fake investments. Criminals often use the real names of employees of those institutions when reaching out to potential targets.<\/p>\n

In many instances, victims have been approached directly by fraudsters after submitting their contact details into unregulated, third-party investment comparison sites. <\/p>\n

Derek Syme<\/span>, Citi Country Officer for New Zealand<\/span> said, “We are urging New Zealanders to be aware and alert to the threat of financial scams. Criminals are using sophisticated methods to deceive, and our own people have also been the victims of identity theft when their names are used to carry out this criminal activity. Awareness and vigilance is our best defence in combatting this threat.”<\/p>\n

Citi offers the following suggestions:<\/p>\n