Emerald Fund ICAV (Clone)

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.