The Financial Sector Conduct Authority (FSCA) has issued a public warning about a scammer impersonating Mr. Luzuko Nomjana, a representative of Prescient Investment Management (Pty) Ltd (FSP No. 612).
Key Details of the Scam:
- The fraudster is using Mr. Nomjana’s name and photo on WhatsApp to deceive victims.
- A confirmed ABSA bank account (9384035403) is linked to the scam.
- Prescient’s Compliance Officer, Ms. Nazley Herandien, confirmed they were alerted by a victim who was defrauded.
How to Protect Yourself:
- Verify financial service providers by contacting the FSCA:
- Toll-Free: 0800 110 443
- Online Search: Check authorised FSPs here | FAIS Act authorised providers (Replace with actual links)
- Be cautious of unsolicited investment offers on WhatsApp, social media, or messaging platforms.
Why This Matters:
Scams impersonating legitimate financial advisors are on the rise. Always double-check credentials before engaging.
Stay alert, fraudsters exploit trust.
