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Another FSC scam warning

If you have been contacted by James Sherman and he has approved your $15 million funds claim, the Financial Supervision says ignore him.

Mr Sherman has been sending out mail as the Director of the Legal Department and City Private Banking & Wealth Management, based in Circular Road, Douglas.

But his generous offer turns out to be little more than bait in a scam: the FSC says there’s no such bank, company or business name on the Isle of Man.

And although he does give a real address, it turns out to be Standard Bank House, which doesn’t have any connection to Mr Sherman’s fictional company.

The FSC’s advice is simple: have nothing to do with him.

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