Flagstone Savings

What Is This Scam?

A fraudulent website operating under the name Flagstone Savings (flagstonesavings.com) has been identified as a clone scam targeting consumers in the United Kingdom. Clone scams of this nature are designed to deceive unsuspecting individuals by mimicking the branding, identity, and reputation of a legitimate, regulated financial firm. The fraudsters behind this operation use the trusted name of a real company to lure victims into handing over personal information, login credentials, or money — often under the guise of attractive savings rates or investment opportunities. This type of scam typically targets retail consumers who are actively searching for competitive savings products online.

Who Are They Impersonating?

The scammers are impersonating Flagstone Group LTD, a legitimate and well-known savings platform operating in the United Kingdom. The real Flagstone platform is a recognised service that allows consumers to access a range of savings accounts from multiple banks through a single platform. The genuine Flagstone savings platform has an established presence in the UK savings market and offers access to competitive savings rates from a variety of banking providers.

The legitimate Flagstone Group LTD is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. Consumers should always verify the registration and authorisation status of any financial firm directly on the FCA's official Financial Services Register before engaging with them.

Evidence & Regulatory Action

The Financial Conduct Authority (FCA) has issued an official warning about the fraudulent website flagstonesavings.com, explicitly identifying it as a clone of an FCA-authorised firm. The FCA's consumer alert can be viewed directly on their website: FCA Warning: flagstonesavings.com — Clone of FCA Authorised Firm.

The FCA regularly publishes warnings about clone firms as part of its consumer protection mandate. When the FCA designates a website as a clone firm, it means the operators are deliberately impersonating a regulated entity to conduct unauthorised financial activity. This is a serious criminal offence under UK financial services law. Consumers who have interacted with this website are strongly advised to take immediate action.

Red Flags

• The website domain (flagstonesavings.com) closely mirrors the legitimate brand name to appear credible at first glance.
• The firm has been formally identified as a clone by the FCA, meaning it is not authorised to conduct regulated financial activities in the UK.
• Unusually high or guaranteed savings rates may be advertised to entice victims quickly.
• Pressure tactics or urgency around limited-time offers are commonly used by clone scammers.
• The website may request sensitive personal details, banking information, or upfront payments.
• No verifiable presence on the official FCA Financial Services Register under this website address.
• Limited or no verifiable physical address, company registration number, or genuine contact information provided.

What To Do If You Have Been Contacted

If you have been contacted by or have interacted with flagstonesavings.com, take the following steps immediately:

• Do not send any money or provide any further personal or financial information to this website or its operators.
• Report the scam to the FCA directly via their website at fca.org.uk or by calling their consumer helpline on 0800 111 6768.
• Report to Action Fraud, the UK's national fraud and cybercrime reporting centre, at actionfraud.police.uk or by calling 0300 123 2040.
• Contact your bank immediately if you have made any payments or shared your banking details, and request they take protective action on your account.
• Verify the legitimate company by visiting the real Flagstone Group LTD through trusted, independently verified sources and confirming their details on the FCA Register at register.fca.org.uk.
• Preserve all evidence, including emails, screenshots, and transaction records, as these may be required for investigations.