High Interest Scam Bonds - Email Phone Call Offers - SSE/M&S/Morgan Stanley/Tesco/BT

By J Drew -

 I've seen a number of these pop up over the last few weeks where people have been contacted by email or phone to offer what are described as guaranteed bonds paying high rates of interest allegedly from high street companies.

These are all scams.

In all of these cases the criminals will take your money and leave you with nothing. Unlike scams such as London Capital & Finance they won't even bother to make any interest payments, they will just walk away with your money as the bond doesn't exist.

High Interest Scam Bonds - Email Phone Call Offers - SSE/M&S/Morgan Stanley/Tesco/BT
 High Interest Scam Bonds - Email Phone Call Offers - SSE/M&S/Morgan Stanley/Tesco/BT

If you look up on Google you may find some of these companies do have corporate bonds with coupon (interest) payments that look high. However these bonds are not available with those rates now and if you bought them through the stock market you would be paying well above the offer price thus getting a much lower interest rate. Most importantly you would have no guarantees of the value.

If you are looking for higher rates of return than the pittance on cash savings then stock market investments may be an option to look into.

However there are no guarantees of the value - prices can go down as well as up so any investment claiming a guarantee is very likely to be a scam.



Comments

  1. Anonymous11 February 2023 at 07:44

    is this fixed rate bond a scam ?? Scottish & Southern Energy (SSE), Fixed-Rate 8.375%, ISIN: XS0399111912

    ReplyDelete
    Replies
    1. J Drew13 February 2023 at 00:33

      If you need to ask the question then yes it is a scam. There is a genuine corporate bond you can buy via your stockbroker but if you knew that I assume you wouldn't be asking the question. If someone is offering you this SSE bond then it is definitely a scam.

      Delete

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