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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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Investor warning: We received a complaint that representatives of FCP had befriended a NZ resident on social media and encouraged him to invest money. When he attempted to withdraw his money, FCP withheld the funds and told him to pay an advance fee.
Investor warning: AxonHoldingsLtd.com is falsely using the details of the registered New Zealand company Axon Holdings Limited using its name, address, and New Zealand Companies Office details.
FMA warns New Zealand residents of scam by individuals claiming to represent the UK’s Financial Conduct Authority (FCA) and offering assistance to recover money lost in a previous scam.
We are concerned that Investing New Zealand may be operating a scam. It operates a website claiming to compare term deposit rates which states it offers “deposit protection up to $100,000 NZD per investment”, however no such scheme is currently offered in New Zealand.
FMA has received a complaint that FX Fortune Bitmart is withholding client funds and requesting advance fees to have them released. They are offering financial services are not a registered Financial Service Provider.
Scam alert - Get Paid by Fixed Rate. The website claims to explore the best fixed term deposit rates and that deposits are protected under the ‘financial compensation scheme’. No such scheme is offered in New Zealand.
FMA have received a report that Altera Global representatives have been targeting individuals on social media, trying to convince them to invest funds. This is a common online scam tactic.
A scam offering fake term deposits and bonds using the name of Bank of America (Australia) is targeting New Zealanders. Scammers are sending out highly professional looking product disclosure statements which feature the Bank of America’s name, address, logo and registration details.
The FMA recommends caution when dealing with BlockFusion Ventures and its website blockfusionventures.com. We are aware of a New Zealand resident being unable to recover money invested through its representative and website.
We recommend caution when dealing with libertycommercialfinanceltd.com which claims to be Liberty Commercial Finance Limited.
We recommend caution when dealing with Arbitrage Node and its website arbitragenode.org.
We recommend caution when dealing with Trust Dillon Limited. Its website is falsely using the details of the registered New Zealand company Trust Dillon Limited (registration 5970107) by using its name and company information.
We recommend caution when dealing with Laxco Group and its website www.laxco-group.com. The Laxco Group website claims it is a regulated financial service provider in New Zealand, however it is not a listed on the Companies Register or the Financial Service Providers Register.
Imposter website alert: Cypress Securities Exchange Commission (CySEC) has warned that its website has been copied and scammers are impersonating its officials in a complex “recovery” scam.
The FMA recommends caution when dealing with Allied Holding Global. We are aware of an investor being unable to recover money invested through its website alliedholdinglobal.com.
