Redwood Capital (Europe) Scam.
Investors who have lost money in a range of scams such as binary options, unregulated bonds etc are being approached by Redwood Capital (Europe) Ltd in a follow-on-fraud scam. The firm has investor details from the previous scams and has been calling and emailing investors.
We have copied one of the documents received by an investor below (investor details removed). This is quite a professional fraud because a lot of effort has gone into the branding and the documents. It is easy to see why ordinary members of the public fall for some of the follow-on-frauds.
Redwood Capital Europe Ltd_Scam_Investor Details Removed
The Redwood Capital (Europe) Scam uses the domain name of redwoodcapfinance.com which was purchased on 27th February 2020. They have cloned the details of a genuine company by the same name. The documents are signed by someone pretending to be the director of the genuine company. As is usual with follow-on-frauds the company registration number and the registered office address match the details of the genuine company. These people go to great lengths to ensure that they appear genuine, but they are not. We note that the website has been taken down which suggests that the Police or the website hosting company may have intervened.
This is not the first time that the genuine Redwood firm has been targeted. Here is a report from the UK’s Financial Conduct Authority in 2015 which shows that this scam was doing the rounds five years ago when the same company with registration number 03899931 was cloned by scammers in 2015. It goes to show that follow-on-frauds are not new and the same people are perpetrating them year after year.
If you have paid money to a bank account given to you by Redwood Capital (Europe) you should report it to your policing authority.
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