Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out more about this ‘clone firm’.
Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by us. This firm is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm.
This is what we call a ‘clone firm’; and fraudsters usually use this tactic when contacting people out of the blue, so you should be especially wary if you have been cold called. They may use the name of the genuine firm, the ‘firm reference number’ (FRN) we have given the authorised firm or other details.
You can find out more about this scam tactic and how to protect yourself from clone firms.
Clone firm details
Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK:
Quantum Wealth Management (Clone of a UK Authorised firm and an EEA Authorised firm)
Address: 25 Hanover Square, London, W1S 1HN
Telephone: +442037459540, +442039254873, +39800029362, +35220882852
Email: email@example.com, firstname.lastname@example.org, email@example.com
Be aware that scammers may give out other false details or mix these with some correct details of the registered firm. They may change contact details over time to new email addresses, telephone numbers or physical addresses.
Recognised Firms details
These FCA authorised firms that fraudsters are claiming to work for have no association with the ‘clone firm’. They are authorised to offer, promote or sell services or products in the UK and their correct details are:
First cloned firm
Firm Name: Quantum Wealth Management Ltd
Firm Reference Number: 751222
Address: Hammerain House, Hookstone Avenue, Harrogate, HG2 8ER
Second cloned firm
Firm Name: Quantum Trade Wholesale Distribution S.R.L
Passport IN: Italy
Firm reference number: 767856