KPMG warns about fraudulent Alpari UK China Support Team

Fraudulent schemes have reached new highs and the latest example in this respect comes with regard to insolvent retail Forex broker Alpari UK.

The ill-fated company, which has more than 100,000 clients still waiting to get their funds back, had subsidiaries in several other jurisdictions, including Japan and China. Clients of Alpari’s Chinese business are facing an additional problem entitled “Alpari UK China Support Team”.

KPMG, the special administrators for Alpari UK, announced today that a group called “Alpari UK China Support Team” is a fraudulent organization and (former) customers of the broker should stay away from it.

The group claims to be authorised by Alpari UK to handle queries from the clients of the broker in China and argues that its representatives can facilitate the communication between the clients and the joint special administrators of Alpari UK in order to speed up the return of client monies.

In its announcement, KPMG states that:

The Company and the Joint Special Administrators are not related in any way, directly or indirectly, to the so-called “Alpari UK China Support Team”. In addition, the Company and the Joint Special Administrators had never authorised such “Alpari UK China Special Team” to facilitate the communication between the Clients and the Joint Special Administrators of the Company.

The contact details of this fraudulent “Alpari UK China Support Team” are:

And here are the official contact details of Alpari UK and the Joint Special Administrators:

  • Telephone: +44 (0) 333 202 1397
  • Email: [email protected]
  • Write to: Alpari (UK) Limited (in Special Administration), c/o KPMG LLP, 15 Canada Square, Canary Wharf, London, E14 5GL

The official text of the warning can be found here.

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