Investor Alerts - Fibofest
| Company: | Fibofest |
|---|---|
| Regulator: | The Dutch Authority for the Financial Markets |
| Jurisdiction: | The Netherlands |
| Date: | 28 Jan 2025 |
| Link: | https://www.afm.nl/nl-nl/consumenten/waarschuwingen/bekijk-de-waarschuwingen/boilerroom/fibofest |
| Subject: | Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements |
| Comments: | The Netherlands Authority for the Financial Markets (AFM) warns consumers not to respond to offers from Fibofest. This company is a suspected boiler room, a form of online investment fraud. Fibofest has approached persons without being asked, to offer them investment proposals. A boiler room is a collective term for fraudulent individuals and organizations using clever salespeople to call potential investors to pressure them into buying shares that promise high returns (cold calling). In reality the shares are either worthless or non-existent. The AFM has established that Fibofest does not have an AFM license or a European Passport |
