LCH.Clearnet is constantly seeking to ensure that its members and the wider market are protected against the consequences of all forms of potential fraud inflicted on or using the clearing house.
However, it has come to the company's notice that there have been recent cases where LCH.Clearnet headed paper and email addresses are being used to offer scrap metal for sale. This type of fraud typically involves communication (usually via email) promising amounts of Scrap Metal against a deposit payment prior to delivery taking place at ports around the world.
These offers are generally coming from someone who says they work for or on behalf of LCH.Clearnet or LCH.Clearnet USA by the name of Edward (Ed) H. Fitzgerald or Herbert Fitzgerald Edwards. These offers do not originate from any LCH.Clearnet company nor does anyone with this name work for any LCH.Clearnet company. This activity has been reported to the appropriate Fraud Prevention authorities.
LCH.Clearnet provides clearing services to financial and commodity sector corporate institutions only, and in the normal course of business does not arrange trades or money transfers directly with non-clearing members.
Any queries relating to suspicious transactions such as those described above should be brought to the attention of the Compliance department on email@example.com