Beware of Scammers: Jefferies Financial Group Stern Warning

Beware of Scammers: Jefferies Financial Group Stern Warning

Jefferies Financial Group has issued a stern warning regarding scammers who are impersonating its representatives in an attempt to deceive victims in India.

The fraudulent individuals are allegedly operating under the guise of “JFR Investment Technology Group,” falsely claiming to be a subsidiary of Jefferies Financial Group Inc. However, it has been clarified that Jefferies Financial Group has no association with this entity whatsoever.

The warning, issued by Jefferies Financial Group, highlights the deceptive tactics employed by these bad actors. One such instance includes an advertisement in The Times of India’s 8 March 2024 edition, wherein “JFR Investment Technology Group” itself is with Jefferies Financial Group Inc. Additionally, reports have surfaced of groups on social media platforms offering investment advice and soliciting funds under the name of Jefferies.

Beware of Scammers: Jefferies Financial Group Stern Warning

It is crucial for the public to be aware that Jefferies Financial Group does not engage in financial transactions with retail investors or individuals in India. Furthermore, the company does not initiate contact via social media platforms like Telegram and WhatsApp, nor does it use free email services such as Yahoo or Gmail for communication purposes. Legitimate correspondence from Jefferies will always originate from an “@jefferies.com” email address or be accessible through the official website, www.jefferies.com.

Also, concerned individuals have to exercise vigilance and caution against potential fraudulent schemes. Anyone who suspects they or someone they know may have fallen victim to such scams is encouraged to report the matter to the relevant authorities, including the police.

This warning serves as a proactive measure by Jefferies Financial Group to safeguard the interests and financial well-being of the public, reaffirming its commitment to combatting fraudulent activities and protecting its reputation as a trusted financial institution. Be aware!

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