Identity theft: Bafin warns consumers about website wapinvest.de

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Summary:

The Federal Financial Supervisory Authority (BaFin) warns consumers about the website wapinvest.de, which is providing financial and investment services without the required authorization. The website is not operated by licensed securities institution WAP Invest GmbH, and is instead a case of identity theft. BaFin recommends that consumers seeking to invest money online exercise extreme caution and conduct thorough research to identify potential fraud attempts.