21 February 2022

Investor alert: false claims by Leumi-vest.com

FMA recommends exercising caution when dealing with Leumi Vest and leumi-vest.net (the website).

We believe Leumi Vest is operating a scam through the website and it falsely claims to be operating from a New Zealand address. The website purports to offer investment plans to investors with unrealistically high returns.  We are aware that an investor is unable to withdraw the funds they invested through the website.

Leumi Vest is not a registered financial service provider or subject to any regulation in New Zealand. The website contains various false and misleading statements. Examples are attached below:

  • “Leumi-vest.net is a member of the General Self-Regulatory Organization which is a self-regulatory body recognized by the New Zealand Securities & Investments Commission”; and
  • “Leumi Vest is a division of Newzealand Investments Inc., a registered investment dealer and a member of Investment Industry Regulatory Organization of Newzealand (NZ) and the Newzealand Investor Protection Fund (NIPF)”.

Entity name: Leumi Vest
Website: leumi-vest.net
Email: [email protected]
Phone: +1 (571) 234-8127