FCA fails to stop clone broker on Facebook

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Facebook has confirmed that the Facebook page operated by scammers using Car Insurance 4 u’s details has been taken down following an investigation by Insurance Age.

This comes after a warning was issued by the Financial Conduct Authority (FCA) that fraudsters were using details of authorised motor broker Car Insurance 4 u in order to convince people they worked for a genuine company.

In an interview with Insurance Age, Clive Jones, general manager of Car Insurance 4 u, said that the regulator

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