Algoproai Clone of FCA authorised firm Mirabaud Asset Mgmt. Ltd.

What Is This Scam?

Algoproai is a fraudulent website operating as a clone of a legitimate, FCA-authorised financial firm. This scam targets individuals seeking investment opportunities by impersonating an established asset management company. The fraudsters behind this operation use deceptive domain names, fake email addresses, and cloned website content to appear legitimate and trustworthy.

The scam operates by luring victims to the fake website https://algoproai.com/, where they are encouraged to invest funds or provide personal and financial information. Once victims engage with the scammers through the fraudulent support email address [email protected], they may be directed to transfer money, reveal sensitive data, or sign up for fake investment products. This type of clone fraud is particularly dangerous because it exploits the reputation and regulatory standing of genuine, authorised firms.

Who Are They Impersonating?

The scammers are impersonating Mirabaud Asset Management Limited, a legitimate financial services firm authorised and regulated by the Financial Conduct Authority (FCA).

• Firm Name: Mirabaud Asset Management Limited
• FCA Firm Reference Number: 122140
• Registered Address: 10 Bressenden Place, London, SW1E 5DH, United Kingdom
• Official Telephone: +4402031677000
• Official Email Contact: [email protected]
• Legitimate Website: www.mirabaud.com
• Regulatory Authority: The Financial Conduct Authority (FCA)

Mirabaud Asset Management Limited holds a valid FCA licence and is a properly regulated entity. Any communication claiming to be from this firm should only be trusted if it comes directly from their official contact details listed above.

Evidence & Regulatory Action

This scam has been identified and documented across multiple fraud alert registries. According to the Cloned Firm Registry, Algoproai is confirmed as a clone of FCA-authorised firm Mirabaud Asset Management Ltd.

The Financial Conduct Authority (FCA) has issued a formal warning regarding this fraudulent operation. The official FCA alert can be accessed at their dedicated warnings page: FCA Warning: Algoproai Clone of FCA-Authorised Firm. This regulatory action demonstrates the serious nature of this fraud and serves as an official notification to the public.

Red Flags

• Suspicious domain name (algoproai.com) that does not match the legitimate firm's official website (www.mirabaud.com)
• Generic email address ([email protected]) instead of professional domain matching the legitimate company
• Requests for upfront payments or personal financial information via unsolicited contact
• Pressure to act quickly or invest immediately
• Inability to verify contact details through official FCA registers or the legitimate company's verified phone number
• Website design or content that appears copied or hastily created
• No verifiable FCA licence information or mismatched regulatory claims

What To Do If You Have Been Contacted

• Do not respond to emails or messages from [email protected] or visit the algoproai.com website
• Do not provide any personal, banking, or investment information to the scammers
• Do not transfer any funds or make any payments
• Report the scam to Action Fraud and your local law enforcement
• Report the fraudulent website and email to the FCA using their official reporting channels
• Contact Mirabaud Asset Management Limited directly using their verified contact details to alert them of the clone fraud
• Monitor your bank and credit accounts for any suspicious activity