Investor Alerts - ProClubTeam; Finance Phantom; Immediate Edge
| Company: | ProClubTeam; Finance Phantom; Immediate Edge |
|---|---|
| Regulator: | Financial Markets Authority |
| Jurisdiction: | New Zealand |
| Date: | 06 Aug 2024 |
| Link: | https://www.fma.govt.nz/library/warnings-and-alerts/deepfake-video-scam-warning/ |
| Subject: | Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.) Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements Miscellaneous |
| Comments: | The FMA has received several reports about a scam using fake endorsements supposedly coming from New Zealand politicians. Their names and images are being faked and misused to promote online investment schemes. This scam uses fake news stories, spread through multiple websites and advertisements, with the names of investment schemes and websites used to promote the scam changing frequently. Entity names: ProClubTeam; Finance Phantom; Immediate Edge Websites: Proclubteam.com; Finance-phantom.nz; Pleasantery.com (Immediate Edge) Email: [email protected]; [email protected] |
