UK investment manager Rathbones has warned its
clients of a scam fraudster who has reproduced the Rathbones logo
to target random individuals.

The fraudster sent letters requesting around
£2,000 ($3,115) be transferred to what is believed to be his or her
own account.

None of Rathbones’ clients were targeted and
the firm said it has reported the “random” incident to police.

The company discovered the scam in August,
although an announcement was not published on Rathbones’ website
until September 10.

“[The fraudster] has tried to put together a
Rathbone’s letter by just copying a logo. Anybody could do
it.  It is very unsophisticated and simple,” a spokesperson
told PBI.

Rathbones said it was taking the incident very
seriously but denied a security breach.

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