Investor Alerts - Weir Asset & Property Retrieval Services (Weir) – Recovery scam
| Company: | Weir Asset & Property Retrieval Services (Weir) – Recovery scam |
|---|---|
| Regulator: | Financial Markets Authority |
| Jurisdiction: | New Zealand |
| Date: | 03 Oct 2024 |
| Link: | https://www.fma.govt.nz/library/warnings-and-alerts/weir-asset-and-property-retrieval-services/ |
| 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: | Weir falsely claims to be an asset recovery firm based in New Zealand and Hong Kong. Weir is not registered or incorporated in New Zealand. We are aware of an individual being contacted by Weir regarding funds they had previously lost in a scam. Weir instructed them to pay an advance fee to avoid these funds being sent to a United States government agency. This is a common recovery scam tactic. Cold calls or other unsolicited contact of any kind should be treated with suspicion. If you are contacted by a representative from Weir, we recommend ending the communication immediately. |
