Page last updated: 09 September 2024

Warnings and alerts

This list of warnings and alerts on this page contains the names of businesses or individuals you should be wary of if you are planning to invest. The list is not exhaustive and there is no guarantee that the business or individual listed has not changed their name.

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Co-operative Bank – Fake term deposits

A scam offering fake term deposits using the name of Co-operative Bank is targeting New Zealanders.

Bank of China – Fake term deposits

A scam offering fake term deposits using the name of Bank of China (New Zealand) is targeting New Zealanders. Scammers are sending out highly professional-looking product disclosure statements featuring Bank of China’s name, logo, address and registration details.

NZ Best Rates - Comparison website harvesting investor details

We are concerned that NZ Best Rates may be operating a scam. NZ Best Rates's website claims to offer a way to compare and find the best term deposit rates in New Zealand, while also providing information on choosing term deposits.

Heartland Bank – Fake term deposits and bonds

WARNING: A scam offering fake term deposits and bonds using the name of Heartland Bank is targeting New Zealanders.

Indices Access Group – Suspected scam; unsolicited offer

Indices Access Group has made unsolicited offer of shares to a New Zealand investor and subsequently withheld funds.

OmegaMining-FX – Imposter website

The website operated by OmegaMining-FX is falsely using the details of the legitimate New Zealand company Omega Finance Limited.

CapitalvestPRO – Suspected scam

CapitalvestPRO and its website, have the hallmarks of a scam. CapitalvestPRO advertises it is located in New Zealand and is registered in New Zealand; however, it does not appear to be registered by the New Zealand Companies Office and the stated address does not exist.

Vaquita Capital – Overseas warnings, withholding investor funds

Vaquita Capital uses a number of different names including Vaquita Fund, Vaquita Fund SLP, Vaquita Services Limited, I-Global Management and Robinson and Cooper Wealth Management.

MaxTradeCap - Suspected scam

MaxTradeCap has made false and unsubstantiated claims about being a registered and licensed financial entity in New Zealand.

John Tei - Fictitious project funding offers; Fake documents

WARNING: Fake and/or falsified documentations are being used in an offer by John Tei.

Ovax Global Limited: False company information; unrealistic returns, fake testimonials

WARNING: The Ovax Global Limited website contains false licensing and registration claims.

TylerTech Finance – Suspected scam

We are concerned about TylerTech Finance and its website, which has the hallmarks of a scam.

Fixed Rate Options – Social media advertising harvesting investor details

We are concerned that advertisements from “Fixed Rate Options” appearing in social media feeds may be connected to a scam. The advertisements claim to help consumers discover the “top five performing fixed term deposits in 2023”.

TSB – Fake term deposits

A scam offering fake term deposit investments using the name of TSB Bank is targeting New Zealanders.

Smart Money - Uncancellable subscription, undelivered service, suspicious testimonials

We have been made aware that several New Zealand residents who have subscribed to Smart Money and requested the “emergency cash” service but Smart Money has not sent the “emergency cash” to the requesters/subscribers.

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