Scammers Impersonate Lawyers and Journalists for Investment Fraud

A new scam operation is targeting Israelis by impersonating well-known lawyers and journalists to lure victims into fraudulent investment schemes. Scammers create fake profiles using the names and photos of professionals and public figures to draw people into WhatsApp and Telegram groups focused on investments, with the ultimate goal of stealing personal information and money.

The impersonators proactively contact individuals, posing as recognizable figures, and invite them to join seemingly legitimate investment groups on messaging apps. The aim is to build initial trust before collecting personal and financial details for later fraudulent transactions. Within these groups, a sophisticated trust-building mechanism is employed, with administrators posting regular updates, analyses, and recommendations, and engaging in active discussions to create an impression of professionalism and security.

Once a sufficient level of trust is established, the scammers move to the second stage, sending private messages with investment offers in various sectors. Among the victims are lawyers Anat Kaufman and Adi Levi Skop. In Kaufman's case, an imposter used her name and photo to invite people to a WhatsApp group for discussing real estate, stocks, ETFs, and gold investments. Kaufman's office issued a formal warning, stating they have no connection to the group or its offers and that she does not solicit investments or manage such groups.

Journalist Adva Dadon also warned of an impersonator using her identity to invite users to a "free" WhatsApp group offering financial advice and retirement planning. Similarly, "Kan" broadcaster journalist Gili Cohen alerted the public to an impersonation on Telegram.

Yoav Keren, CEO of cybersecurity firm BrandShield, explained that the choice of recognizable figures is strategic, as it lowers the victim's suspicion. He emphasized the importance of recognizing warning signs, advising individuals not to click on links, share details, or transfer money without verifying the identity of the person on the other end through official channels.