Mexico's National Commission for the Protection and Defense of Financial Services Users (CONDUSEF) has warned of suspected impersonation of two institutions within Barclays' Mexican financial group through fraudulent investment offers. Barclays Capital Casa de Bolsa and Barclays Bank México reported unauthorized use of their names, logos and some tax and administrative information. The scheme draws victims into fake investment courses before soliciting investments and demanding advance payments to release purported funds or returns. The approach begins with Facebook advertisements promoting courses to become investment specialists, followed by invitations to WhatsApp groups using the Barclays name. After supposedly completing the courses, victims are directed to download a mobile application and make an initial investment. When they attempt to withdraw their capital or purported returns, fraudsters demand advance payments for fees, taxes or processing, then cease communication once payment is made. The same method could be used for an investment offer promising cumulative returns exceeding 800% after five months. Barclays' Mexican financial group does not offer investment services to individuals, provide investment training or create WhatsApp groups for that purpose. CONDUSEF recommends checking institutions' registration and details in its financial services providers registry, SIPRES, and confirming offers through the official channels listed there. Consumers should avoid transfers to personal accounts, payments before signing a verified formal contract, and advance charges to release or activate investments or loans.

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