We are aware that the M&G brand is being used to encourage buyers to make payment for goods such as motor vehicles, via classified advertising. The false claim being made is to use M&G’s services to hold funds until the buyer is satisfied with the goods. The seller is attempting to obtain funds from the buyer by fraudulently claiming the bank account details are connected to M&G.
M&G does not offer such a service for goods transacted through classified advertising.
Further, we are aware of a fraudulent Terms and Conditions document in connection with the scam, and we are conducting investigations in order to stop our brand being used without authorisation.
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