Caution Investors The Emerald Fund ICAV (Clone) – Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)

Overview:

The Emerald Fund ICAV (Clone) claims to be an investment fund that offers high returns on various assets, such as equities, bonds, commodities, and cryptocurrencies. However, this entity is not authorised by the Central Bank of Ireland or any other regulator and has no connection to the real The Emerald Fund ICAV, which is a genuine fund that operates under the supervision of the Central Bank.

The Emerald Fund ICAV (Clone) has been using the name, address, website, and other details of the authorised fund to deceive potential investors and solicit funds from them. The scam entity also uses fake testimonials and reviews to create a false impression of credibility and trustworthiness.

Regulation and Compliance:

The Central Bank of Ireland has issued a warning notice on 25 Sep 2023, alerting the public about the unauthorised and fraudulent activities of The Emerald Fund ICAV (Clone). The notice states that this entity is not authorised as an investment firm or collective investment scheme by the Central Bank, and that anyone who deals with it does so at their own risk.

The notice also advises consumers to check the Central Bank’s registers before dealing with any financial service provider, and to report any suspicious entities to the Central Bank. The notice can be accessed through this link: https://www.centralbank.ie/news/article/warning-notice-central-bank-of-ireland-issues-warning-on-unauthorised-firm-scam-entity-clones-central-bank-of-ireland-authorised-firm-the-emerald-fund-icav-22-sep-2023

Customer Reviews:

As expected, there are no genuine customer reviews for The Emerald Fund ICAV (Clone), as this entity is not a real fund but a scam scheme. However, there are some fake reviews posted on various websites and social media platforms by the scammers themselves or by their accomplices. These reviews are designed to lure unsuspecting investors into believing that The Emerald Fund ICAV (Clone) is a legitimate and profitable fund.

Some of these fake reviews claim that The Emerald Fund ICAV (Clone) has delivered consistent and high returns on their investments, that they have received excellent customer service and support from the fund managers, and that they have been able to withdraw their funds easily and quickly. These reviews are often accompanied by fabricated screenshots, documents, or videos that supposedly prove the authenticity and performance of the fund.

However, these reviews are nothing but lies and manipulation, and should not be trusted or relied upon. Anyone who invests in The Emerald Fund ICAV (Clone) will likely lose their money and never see it again.

Products and Services:

The Emerald Fund ICAV (Clone) claims to offer a range of products and services to its investors, such as:

– A diversified portfolio of assets, including stocks, bonds, commodities, and cryptocurrencies

– A flexible investment plan that allows investors to choose their preferred risk level, duration, and return

– A low minimum investment amount of €100

– A high annual return of up to 25%

– A secure online platform that enables investors to monitor their investments and access their funds anytime

– A dedicated team of professional fund managers who provide expert advice and guidance

– A referral program that rewards investors for inviting others to join the fund

However, these products and services are all fictitious and fraudulent, as The Emerald Fund ICAV (Clone) is not a real fund but a scam entity. The scammers behind this scheme do not invest the funds they collect from investors in any assets or markets, but instead use them for their own personal gain or to pay off other investors in a Ponzi-like fashion.

The scammers may also ask investors for additional fees or taxes before they can withdraw their funds, or simply stop responding to their requests or inquiries altogether. In any case, investors who deal with The Emerald Fund ICAV (Clone) will not receive any products or services from this entity but only lose their money and expose themselves to legal risks.

Location:

The Emerald Fund ICAV (Clone) claims to be located at 2 Grand Canal Square Grand Canal Harbour Dublin 2 Ireland. This is the same address as the authorised The Emerald Fund ICAV. However, this is just another attempt by the scammers to impersonate the legitimate fund and mislead potential investors.

The Emerald Fund ICAV (Clone) does not have any physical presence or operations at this address or anywhere else in Ireland or abroad. The scammers may use various means of communication, such as phone calls, emails, or online chats, to contact potential investors and convince them to invest in their scheme. However, these communication channels are not secure or traceable and may be changed or discontinued at any time by the scammers.

Customer Service:

The Emerald Fund ICAV (Clone) claims to provide excellent customer service and support to its investors and to be available 24/7 to answer their questions and concerns. However, this is another false and deceptive claim by the scammers, as they do not care about the welfare or satisfaction of their investors, but only about their money.

The scammers may use friendly and persuasive language to gain the trust and confidence of potential investors and to pressure them into investing more money or referring others to their scheme. However, once they have received the funds from the investors, they may become unresponsive, rude, or aggressive, or simply disappear without a trace.

The scammers may also use various tactics to avoid or delay paying out the investors, such as:

– Asking for more personal or financial information from the investors, such as bank account details, passwords, PINs, or verification codes

– Asking for additional fees or taxes from the investors, such as transfer fees, commission fees, withdrawal fees, or tax clearance fees

– Claiming that there are technical issues or delays with the payment system or platform

– Claiming that there are regulatory or legal issues or restrictions that prevent the payment

– Claiming that the investors have violated some terms and conditions or policies of the fund

– Threatening the investors with legal action or penalties if they do not comply with their demands or requests

Conclusion:

The Emerald Fund ICAV (Clone) is a scam entity that has been impersonating a legitimate fund authorised by the Central Bank of Ireland. This entity is not authorised or regulated by any authority, and has no connection to the real The Emerald Fund ICAV. Anyone who invests in this entity will likely lose their money and expose themselves to legal risks.

The Central Bank of Ireland has issued a warning notice about this entity and advises consumers to avoid dealing with it. Consumers should also check the Central Bank’s registers before dealing with any financial service provider, and report any suspicious entities to the Central Bank.

Caution Investors Active Pension Investment Limited (Clone) and/or API (Clone) – Operating as an investment firm/investment business firm in the State in the absence of appropriate authorisation.

Overview

Active Pension Investment Limited (Clone) and/or API (Clone) is a fraudulent entity that claims to be an investment firm/investment business firm in Ireland without having the proper authorisation from the Central Bank of Ireland. This entity has been cloning a legitimate entity and using fake email addresses to deceive consumers and sell them a bogus investment product. In this review, we will examine the regulation and compliance, customer reviews, products and services, location, customer service, and conclusion of this scam entity.

Regulation and Compliance

Active Pension Investment Limited (Clone) and/or API (Clone) is not authorised by the Central Bank of Ireland to provide any investment services or products in Ireland. The Central Bank of Ireland issued a warning notice on 25 Sep 2023 to alert the public about this unauthorised entity and its fraudulent activities. The warning notice can be found here: https://www.centralbank.ie/news/article/warning-notice-central-bank-of-ireland-issues-warning-on-unauthorised-firm-fraudulent-entity-clones-central-bank-of-ireland-authorised-firm-active-pension-investment-limited-22-sep-2023

The Central Bank of Ireland advises consumers to check its registers before dealing with any financial service provider to ensure that they are authorised and regulated. Consumers who have been contacted by Active Pension Investment Limited (Clone) and/or API (Clone) or have any information about this entity are urged to contact the Central Bank of Ireland immediately.

Customer Reviews

There are no genuine customer reviews for Active Pension Investment Limited (Clone) and/or API (Clone) as this entity is not a real investment firm/investment business firm. However, there are several complaints and reports from consumers who have been scammed by this entity or have received unsolicited emails from it. Some of the complaints and reports can be found on the following websites:

– https://www.scamwatch.ie/scam-alerts/active-pension-investment-limited-clone-andor-api-clone

– https://www.trustpilot.com/review/www.activepensiongroup.com

– https://www.consumerhelp.ie/scams

The common theme among these complaints and reports is that Active Pension Investment Limited (Clone) and/or API (Clone) has been using fake email addresses, fake websites, fake documents, and fake testimonials to lure consumers into investing in a non-existent product called ‘API Active Pension Investments – Low-risk bond recommendations – Government & Corporate’. The consumers who have invested in this product have either lost their money or have been asked to pay more fees or taxes before receiving their returns. The consumers who have not invested in this product have been harassed by phone calls or emails from this entity.

Products and Services

Active Pension Investment Limited (Clone) and/or API (Clone) do not offer any legitimate products or services. The only product that this entity claims to offer is ‘API Active Pension Investments – Low-risk bond recommendations – Government & Corporate’, which is a fake investment product that does not exist. This product is supposed to be a portfolio of low-risk bonds issued by governments and corporations around the world, with high returns and guaranteed capital protection. However, this product is nothing but a scam designed to defraud consumers of their money.

Location

Active Pension Investment Limited (Clone) and/or API (Clone) do not have a physical location or address. The website address that this entity uses, www.activepensiongroup.com, is not registered to any company or organisation. The website itself is poorly designed, contains grammatical errors, lacks any information about the entity or its products, and uses stock images and fake testimonials. The website also does not have any security features, such as SSL encryption or privacy policy.

The email addresses that this entity uses are also fake and do not belong to any legitimate company or organisation. The email addresses include:

– [email protected]

– [email protected]

– [email protected]

– [email protected]

– [email protected]

These email addresses are either free email providers or domains that are not registered or active.

Customer Service

Active Pension Investment Limited (Clone) and/or API (Clone) do not provide any customer service or support. The only way to contact this entity is through the email addresses mentioned above, which are either unresponsive or used to pressure consumers into investing in the fake product or paying more fees or taxes. There is no phone number, fax number, live chat, or social media account for this entity.

Conclusion

Active Pension Investment Limited (Clone) and/or API (Clone) is a scam entity that pretends to be an investment firm/investment business firm in Ireland without having the proper authorisation from the Central Bank of Ireland. This entity has been cloning a legitimate entity and using fake email addresses to deceive consumers and sell them a bogus investment product. Consumers should avoid dealing with this entity and report it to the Central Bank of Ireland if they have been contacted by it or have any information about it.

Caution Investors Impersonation of CySEC representatives – Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)

Introduction:

CySEC, the Cyprus Securities and Exchange Commission, is the regulatory authority for financial markets in Cyprus. It oversees the activities of investment firms, brokers, fund managers, and other entities that operate in the financial sector. CySEC is responsible for ensuring that these entities comply with the laws and regulations that protect investors and maintain market integrity.

However, CySEC has recently warned investors of new cases of fraudulent impersonation of its officers and representatives by scammers who try to deceive them and extort money from them. These imposters claim to be able to help investors recover their losses or get compensation from firms that have been sanctioned by CySEC. They often use fake emails, phone calls, or websites that look like the official ones, and they ask for fees or personal information from unsuspecting victims.

Who are they:

The scammers who impersonate CySEC officers and representatives are not affiliated with the regulator in any way. They may use names, titles, logos, stamps, signatures, or other details that resemble those of CySEC, but they are not authorized to act on behalf of CySEC or to offer any services related to CySEC. They may also use clone websites that copy the design and content of CySEC’s official website but have different domain names or extensions.

Regulation and Compliance:

CySEC has issued a warning to inform the public about these fraudulent activities and to urge investors to be vigilant and cautious. CySEC has also provided a list of fake websites that impersonate its official website and advised investors to check the authenticity of any communication they receive from CySEC or its representatives. CySEC has stated that it never requests fees or payments from investors for any reason and that it does not appoint any third parties to contact investors on its behalf. CySEC has also encouraged investors to report any suspicious cases to CySEC or the relevant authorities for further investigation.

Customer Reviews:

There are no positive customer reviews for these scammers, as they are not legitimate service providers but criminals who aim to defraud investors. On the contrary, there are many negative reviews and complaints from investors who have fallen victim to these scams or have been targeted by these imposters. These reviews warn other investors about the dangers of these scams and share their experiences and advice on how to avoid them.

Products and Services:

The scammers who impersonate CySEC officers and representatives do not offer any real products or services to investors. They only offer false promises and lies to lure investors into their trap. They claim to be able to help investors recover their money or get compensation from firms that have been fined or suspended by CySEC, but they only ask for fees or personal information from investors without delivering any results. They may also try to persuade investors to invest in other fraudulent schemes or products that are not regulated by CySEC or any other authority.

Location:

The scammers who impersonate CySEC officers and representatives may operate from anywhere in the world, as they use online platforms and tools to communicate with investors. They may use fake addresses, phone numbers, or email addresses that appear to be located in Cyprus or other countries, but they are not traceable or verifiable. They may also use proxy servers or VPNs to hide their real location and identity.

Customer Service:

The scammers who impersonate CySEC officers and representatives do not provide any customer service or support to investors. They only contact investors when they want to solicit fees or personal information from them, and they ignore or block them when they ask for proof or clarification. They may also threaten or harass investors who refuse to cooperate with them or who expose their scams.

Conclusion:

The impersonation of CySEC officers and representatives is a serious scam that targets investors who have been affected by fraudulent or regulated firms in Cyprus. The scammers use various methods and techniques to deceive investors and extort money from them. They pretend to be CySEC officials or representatives who can help investors recover their losses or get compensation from CySEC, but they only ask for fees or personal information from investors without providing any service or benefit. Investors should be aware of this scam and avoid any contact with these imposters. They should also verify the authenticity of any communication they receive from CySEC or its representatives, and report any suspicious cases to CySEC or the relevant authorities.

Caution Investors Impersonation of CySEC/ Fake Account on Instagram – Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)

Introduction

In the ever-evolving landscape of financial markets, regulatory bodies play a crucial role in maintaining order and protecting investors. One such regulatory authority is the Cyprus Securities and Exchange Commission (CySEC), responsible for overseeing the securities and investment services market in Cyprus. Recently, on October 10, 2023, CySEC found itself dealing with an unexpected threat – a fraudulent Instagram account under the username “cysec_cy.” This review delves into the implications of this incident and the regulatory body’s swift response.

Regulation and Compliance

CySEC’s primary mission is to supervise and regulate the financial markets in Cyprus, ensuring that they operate within the boundaries of the law. Their commitment to maintaining market integrity and safeguarding the interests of investors extends beyond the realm of finance. The recent emergence of a deceptive Instagram account, “cysec_cy,” has prompted questions about the potential consequences of such fraudulent activities. It is essential to highlight that CySEC never initiates contact through unsolicited correspondence or telephone calls. Nor does it solicit personal or financial information from investors. 

Reputation

The incident involving the fake Instagram account raises concerns about CySEC’s reputation as a trustworthy and responsible regulatory authority. As the financial watchdog in Cyprus, its primary duty is to instill confidence in investors and ensure the integrity of financial markets. Impersonation and fraudulent activities can severely damage the trust placed in this regulatory body. Investors rely on CySEC’s reputation for their financial security and peace of mind, making the existence of a counterfeit Instagram account impersonating CySEC officials a cause for concern.

Customer Support and Customer Reviews

CySEC has taken proactive measures to address this issue, urging investors to verify the authenticity of any communication they receive by contacting them directly at [email protected]. Genuine emails from CySEC always conclude with the domain gov.cy. However, it is essential to acknowledge that there have been instances where fraudsters have cloned these email addresses to deceive investors.

While regulatory authorities typically do not engage with individual investors for fee collection or compensation claims, the presence of impersonators highlights the importance of clear communication channels and vigilant customer support. CySEC’s Investor Guide on identifying scams demonstrates its commitment to protecting investors from fraudulent activities. Staying informed and cautious is crucial, and CySEC is a valuable resource in this regard.

Conclusion

Cyprus Securities and Exchange Commission plays a pivotal role in maintaining the integrity of the financial markets in Cyprus. The recent incident involving a fake Instagram account impersonating CySEC officers underscores the need for ongoing vigilance in the financial world.

CySEC’s swift response and transparent communication with investors serve to maintain its reputation as a reliable regulatory authority. As investors, it is our responsibility to remain cautious and verify the authenticity of any communication received from regulatory bodies like CySEC.

CySEC’s commitment to investor protection and its proactive stance against fraudulent impersonation on social media is commendable. It is a reminder that in the ever-evolving digital landscape, vigilance and knowledge are our best allies in safeguarding our financial interests.

Nicosia, Cyprus, and investors worldwide must remain vigilant regarding any unsolicited communication from CySEC and refrain from engaging with anyone claiming to represent the organization, especially when it involves financial transactions. CySEC’s commitment to investor protection and its proactive stance against fraudulent impersonation on social media is commendable. It is a reminder that in the ever-evolving digital landscape, vigilance and knowledge are our best allies in safeguarding our financial interests.

In conclusion, CySEC’s response to the impersonation incident emphasizes the importance of maintaining trust and vigilance in the ever-changing world of finance. Investors can take comfort in knowing that regulatory bodies like CySEC are committed to their protection and are ready to respond swiftly to any threats that may arise.

Caution Investors Fraudulent online trading platforms – Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)

Beware of these new fraudulent trading platforms

The Financial Services and Markets Authority (FSMA) has issued a warning against several new fraudulent trading platforms that are operating in the Belgian market[2][3][4]. These trading platforms try to arouse consumers’ curiosity by placing scam ads on social media or online video platforms. They are most likely cases of investment fraud, where fraudsters act without the necessary authorizations and divert the investors’ funds. In such cases, investors are unable to recover their money because these illegal service providers are generally located abroad.

The FSMA strongly advises against responding to any offers of financial services made by the following new trading platforms:

– Amos Limited (https://amoslimited.co/, https://am-s.cc/login)

– Binetrix (www.binetrix.com)

– Bitmarket Trader (https://bitmarket-trader.com/)

– BT Invest (https://b-tinvest.com)

– BTYEX (https://btyex.co/)

– Buycryptomarket (https://www.buycryptomarket.com)

– CapitalBMarket (https://capitalbmarket.com/)

– CED Capital Ltd (cloned firm) (https://www.cedcapitalltd.com/)

– Coinex-VIP (https://www.coinex-vip.com/)

– Crypto-Tech (https://crypto-tech.io)

– Crystals Capitals (https://crystalscapitals.info/; https://crystalscapitals.com/)

– EconomyPair (https://economypair.com/, https://ecnmpair.com/)

– ETOFXOPTIONS / ACAFXOPTIONS (https://www.etofxoptions.com/, https://www.etofx.cc/)

– Financeslab (https://financeslab.com/, financeslab.org, financeslab.net)

– Gainful Markets (https://gainfulmarkets.com/, https://platform.gainfulmarkets-tech.com/, https://gainful-markets.com/)

– Intellect trades (www.intellecttrades.org)

– Investwise (https://investwise.cc/)

– MarketsInvest (https://marketsinvest.net, https://marketsinvest.com)

– Megainvestco (https://www.megainvestco.com/)

– MGM Global (https://mgmglobal.com/)

– Mondial Investments (cloned firm) (https://www.mondialinvestmentsltd.vip, https://www.mondialinvestmentsltd.com)

– Mtcapitals (www.mtcapitals.ai, www.mtcapitals.com)

– Opticapital (https://opticapital.com/, www.opticapital4.com)

– Otrade (https://otrade.io/; http://ptrade.io/)

– Phoenixtb (https://www.phoenixtb.io, https://webtrader.phoenixtb-platform.com)

– Pioneer Markets (https://pioneer-markets.net/)

– Platinum-Markets (https://platinum-markets.com/)

– Primenox (https://primenox.com/)

– Statehills (http://www.statehills.com/)

– Swiss-win (https://swiss-win.com/)

– Tradercode (https://tradercode.com/, https://trader-code.com/)

– Tradingexpo (www.tradingexpo.net)

– TRC (https://trcl0.com/mobile/about.html, https://trc1o.com/mobile/index.html)

– Universy invest (https://universyinvest.com/)

– Upstream Market (https://upstream-market.com/)

Regulation and Compliance

The FSMA is the regulatory authority for financial services in Belgium. It is responsible for supervising financial institutions and ensuring that they comply with the relevant laws and regulations. The FSMA has issued a warning against the above-mentioned trading platforms and strongly advises against responding to any offers of financial services made by them[2][3][4].

Customer Reviews

There are no customer reviews available for these trading platforms as they are fraudulent and illegal. Investors are advised to be cautious and not to respond to any offers of financial services made by these platforms.

Products and Services

These fraudulent trading platforms offer a wide range of financial products and services, including stocks, forex, indices, commodities, and cryptocurrencies[1]. However, investors should be aware that these platforms are not authorized to provide financial services and are most likely fraudulent.

Location

Most of these fraudulent trading platforms are located abroad, making it difficult for investors to recover their money in case of fraud[2][3][4].

Customer Service

These fraudulent trading platforms may have customer service representatives who are trained to convince investors to invest more money. However, investors should be aware that these representatives are most likely fraudsters and should not respond to their offers.

Conclusion

Investors should be cautious and not respond to any offers of financial services made by the above-mentioned trading platforms. They should also be aware that investment fraud is a serious crime and can result in the loss of their hard-earned money. If investors have any doubts or concerns, they should contact the FSMA using the consumer contact form and file a complaint with the local police or with the judicial authorities.

Citations:

[1] https://amoslimited.co

[2] https://www.fsma.be/en/warnings/beware-these-new-fraudulent-trading-platforms-1

[3] https://www.fi.ee/sites/default/files/2023-06/Beware%20of%20these%20new%20fraudulent%20trading%20platforms%20_%20FSMA.pdf

[4] https://www.cnmv.es/WebServices/VerDocumento/Ver?e=y4Vpdf4%2FVK%2FlKjVpNL%2B%2FqZRhKt4zrKRk%2BadjnKQKZygpZvB3IV0JLjfIo7PF237R