REASON FOR WARNING:
The FMA recommends exercising caution before dealing with King-Banner as we believe it has the hallmarks of a scam.
We received a report from a New Zealand resident who purchased bitcoin through an Estonian licensed firm and stored it in an investment wallet operated by King-Banner. This is after reading an article, purporting to be from the New Zealand Herald, mentioning significant returns by investing in this manner.
Coindeck, the Estonian entity where the bitcoin was purchased from, have advised they are not associated with King-Banner and are not aware of any customers being referred to their website from King-Banner.
King-Banner is not incorporated company or registered financial service provider in New Zealand. They are therefore not permitted to provide financial services/products to New Zealand residents.