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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Soltcll.net – False NZ company claims, fake NZ company and insurance certificates

Beware of Soltcll.net scam falsely claiming NZ ties. Verify company links via the official New Zealand Companies Register.

ATS Trading Service Limited – Suspected scam, withholding funds

Warning: ATS Trading Service Limited is a suspected investment scam. Investors risk losing funds. Avoid dealings and stay alert to recovery scams.

“Angela Karsch” and Bitwave Equity – Suspected crypto scam using hijacked social media profile

Crypto scam alert: Bitwave Equity uses hijacked Facebook/WhatsApp to target victims. Avoid Angela Karsch/Angela Fox profiles.

Finiwise.com – Advance fee scam, withholding funds

FMA warns FiniWise is likely a scam; investors report withdrawal issues. Exercise extreme caution with FiniWise.

Caddington Limited – Suspected scam, fake pre-IPO offers

Caddington Limited is falsely offering Revolut IPOs in NZ; not FMA-registered. Beware of misleading investment scams.

ACE International Ltd and Dennis Paul – Misleading claims about cryptocurrency scheme, former unregistered financial service provider

The FMA recommends caution when dealing with ACE International Ltd, its website ACEInternational.co.nz, or its former director Dennis Paul.

Zavrox and associated websites – Fake Bitcoin giveaways, advance fee scam

We are aware of videos posted on social media featuring celebrities, making fake free Bitcoin offers when signing up with Zavrox (www.zavrox.com). These are not legitimate offers.

verbo-fx.com – Suspected crypto scam, subject to overseas warnings

We have received reports of verbo-fx.com and verbofx.com operating a cryptocurrency trading scam.

harbourassetmgt.org – Imposter website

The FMA warns that harbourassetmgt.org is impersonating Harbour Asset Management and is not licensed to provide financial services in New Zealand. This site is a potential scam.

Faze.capital – Suspected scam

We recommend caution when dealing with the website faze.capital.

Soft-cloudltd.com - impersonating a NZ company, offering unreasonably high returns

We are concerned that soft-cloudltd.com may be operating a scam and is offering returns that appear to be unrealistically high.

SmartFactoryFX– Facebook recruitment, investors unable to withdraw funds   

The FMA has been made aware of victims who were referred to SmartFactoryFX and directed to a “trading mentor” on Facebook, after initially receiving a new friend request. 

XPro + associated providers (Shiiro Academy, B2Pay, Homnifi) – Multi-level marketing schemes offering financial services without registration, false and misleading claims

XPro promotes the products of several ‘Partner’ schemes: Shiiro Academy, B2Pay, and Homnifi. Each of these Partner schemes offers financial products or services, but they are not authorised to provide these in New Zealand.

Blackridge Partners Limited – Advance fee scam, withholding funds

We are aware of an investor is unable to withdraw their invested funds with Blackridge Partners Ltd. Various upfront fees and tax payments are required to process withdrawals.

CapitalsXPlus – Impersonating NZ company, withholding client funds

CapitalsXPlus and its website may be operating a scam and withholding investor funds. The FMA advises caution.

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