Special Announcement from Banco Sabadell to Thousands of Clients: No Turning Back

Banco Sabadell has issued a special statement directed at its thousands of users. The banking entity is already warning about an increasingly common scam that promises to double your money in a short period.

Investment scams have multiplied in recent times. This is a scam that, moreover, is carried out by taking advantage of the trust that customers place in their bank.

Banco Sabadell warns of the trap of fraudulent investments

To carry out this scam, criminals contact users through email, social media, phone calls, or messaging applications like WhatsApp. There, they present themselves as financial advisors offering investment opportunities with high returns and low risk.

These scams often promise that, with a minimal initial investment, it is possible to double the money in just three months. Additionally, the criminals use social engineering strategies to gain the trust of their victims and provide customized advice for free. However, as Banco Sabadell warns, if something sounds too good to be true, it probably is.

Warning signs to identify an investment scam

To avoid falling into these traps, Banco Sabadell recommends that its clients follow a series of tips. Before investing, research the company and the person offering you the opportunity. Make sure the entity is authorized by financial authorities and has no complaints for fraudulent activities.

Look for opinions from other users and online reviews about the company or manager. The experience of other investors can provide valuable information about the reliability of the offer. You should also not share sensitive information such as account numbers, passwords, or personal data unless you are completely sure of the authenticity of the platform and the advisor.

Do not download remote-access applications or any other type of software they request without verifying its origin. These applications can provide access to your devices and banking data.

Remember that, if you are promised high returns quickly and without risk, it is a clear sign of a scam. They often create a sense of urgency, indicating that the offer is exclusive and only available for a limited time. This seeks to pressure the victim into making hasty decisions.

Steps to follow if you have been a victim of a scam

If you have invested money in a scam, Banco Sabadell recommends acting immediately. Inform your Banco Sabadell branch about the fraudulent transaction so they can take measures and try to recover the funds.

Then, file a formal complaint with the police so that an investigation can be initiated and the perpetrators can be pursued. You must keep all emails, messages, and documents related to the scam, as they will be necessary for the police investigation.