Author: Crypto Expert

Warning Investors Cloning of the former credit institution Catella Bank S.A. – Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)

Introduction

In a world where digital scams and fraudulent activities are becoming more sophisticated, staying informed and vigilant is paramount. Today, we delve into a concerning case that revolves around the unauthorized use of the former credit institution Catella Bank S.A.’s identity, which ceased its operations in 2021. This deceptive scheme is a stark reminder of the risks we face in the online financial landscape. Let’s explore the various aspects of this fraudulent endeavor, from regulation and compliance to its reputation and customer support.

Regulation and Compliance

The fraudulent scheme in question has raised alarm bells, prompting the Commission de Surveillance du Secteur Financier (CSSF) to issue a stern warning. This scheme involves unauthorized individuals using the identity of Catella Bank S.A., a credit institution that no longer conducts banking activities as of 2021. The CSSF’s message is clear: beware of identity theft and illicit activities that may result from this fraudulent endeavor.

Reputation

When it comes to online financial operations, reputation is everything. Unfortunately, the cloned Catella Bank S.A. has none to speak of, except for its notorious fraudulent activities. Given that it is not regulated by the CSSF and has no ties to legitimate entities, potential clients and investors should exercise extreme caution. A tarnished reputation should serve as a strong deterrent, discouraging any dealings with this rogue scheme.

Customer Support and Customer Reviews

Customer support is a cornerstone of any legitimate financial institution. However, the cloned Catella Bank S.A. falls short in this department. There is no customer service available for those who may be entangled in this fraudulent web. Additionally, the absence of customer reviews speaks volumes. Potential clients have no genuine feedback or experiences to rely on, further underscoring the need for caution.

Products and Services

In the realm of legitimate financial institutions, the array of products and services offered can be diverse and comprehensive. In the case of the cloned Catella Bank S.A., however, there are no legitimate products or services to be found. It is a fraudulent scheme devoid of any genuine financial offerings. This lack of substance should be a red flag for anyone considering involvement.

Location

For a reputable financial institution, having a physical location is a given. In contrast, the fraudulent scheme of the cloned Catella Bank S.A. lacks a legitimate physical presence. This lack of transparency further erodes trust and casts a shadow of doubt over its operations.

Conclusion

In conclusion, the Cloning of the former credit institution Catella Bank S.A. is a fraudulent scheme that exploits the identity of a defunct financial institution that ceased operations in 2021. The CSSF has issued a stern warning, emphasizing the risks of identity theft and illicit activities. When evaluating this scheme, the absence of customer reviews, legitimate products, services, and customer support should be concerning. Furthermore, its lack of a physical location and a tainted reputation underscore the need for extreme caution.

In an era where financial fraud is on the rise, staying informed and cautious is our best defense. It is crucial to exercise due diligence and consult with recognized regulatory bodies to protect your financial interests and security. The Cloning of Catella Bank S.A. is a stark reminder of the ever-present risks in the digital financial landscape.

Warning Investors Cloning of the former company Blockchain Luxembourg S.A. / Blockchain.com Group Holdings, Inc. – Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)

Introduction:

The world of cryptocurrencies and blockchain technology has witnessed rapid growth in recent years, and with it comes a multitude of companies offering various services. In this review, we’ll delve into two entities with similar names, Blockchain Luxembourg S.A. / Blockchain.com Group Holdings, Inc., and Blockchain Technology / Blockchain Database, to help you navigate the complexities of this ever-evolving industry. It’s crucial to be well-informed before engaging with any crypto-related entity.

Regulation and Compliance:

The Commission de Surveillance du Secteur Financier (CSSF) has issued a warning regarding a fraudulent scheme that misuses the identity of the former company, Blockchain Luxembourg S.A. / Blockchain.com Group Holdings, Inc. The warning specifically highlights that unknown individuals are involved in fraudulent activities using the former company’s name. This raises red flags about the legitimacy of any entity associated with the name Blockchain Luxembourg S.A. / Blockchain.com Group Holdings, Inc.

Reputation:

Due to the cessation of its activities in 2021, there are no recent customer reviews or information available about the former company, Blockchain Luxembourg S.A. / Blockchain.com Group Holdings, Inc. The lack of feedback makes it challenging to gauge its reputation. On the other hand, Blockchain.com, a separate entity, has garnered a mixed reputation in the crypto community. While it offers a range of services such as digital wallets and crypto exchanges, customer complaints have been a common occurrence. These complaints include issues like lost cryptocurrencies, subpar customer service, and blocked access to user accounts.

Products and Services:

The former company, Blockchain Luxembourg S.A. / Blockchain.com Group Holdings, Inc., was once involved in providing blockchain-related services. However, its activities came to a halt in 2021, leaving its product and service offerings in limbo. In contrast, Blockchain.com, an entirely different company, operates in the United States and offers a suite of services related to cryptocurrencies. These services encompass digital wallets, crypto exchanges, and more. It’s essential to be aware of the distinction between these entities, as their offerings and statuses differ significantly.

Location:

The former company, Blockchain Luxembourg S.A. / Blockchain.com Group Holdings, Inc., was headquartered in Luxembourg. In contrast, Blockchain.com is based in the United States. The location of a crypto-related entity can have implications for regulatory oversight and legal recourse in case of any issues, so it’s a factor worth considering.

Customer Support and Customer Reviews:

While there is no available information about the customer service of the former company, Blockchain Luxembourg S.A. / Blockchain.com Group Holdings, Inc., it’s worth noting that Blockchain.com has faced numerous customer service complaints. Users have reported long response times and unhelpful support staff, which can be concerning, especially in an industry where timely assistance is crucial.

Conclusion:

In conclusion, it’s crucial to exercise extreme caution when dealing with any company related to cryptocurrencies. The former company, Blockchain Luxembourg S.A. / Blockchain.com Group Holdings, Inc., has ceased its operations, and there is a lack of information about its products, services, or customer service. On the other hand, Blockchain.com offers various cryptocurrency-related services, but it has garnered its fair share of customer complaints, particularly regarding customer service and account access issues.

To ensure your safety and peace of mind in the crypto world, it’s vital to conduct thorough research before investing or using the services of any company. Additionally, staying informed about regulatory warnings, such as the one issued by CSSF, is an essential part of navigating this ever-evolving and sometimes challenging industry. Always exercise due diligence and stay vigilant to protect your assets and investments.

Warning Investors Ether Arena Ltd, ImpresaMarkets, Fx-vita, Keysreim Bitbinx.ltd – Consob has ordered the black-out of the following 5 new websites that offer financial services illegally

Introduction:

In the ever-evolving landscape of online trading, distinguishing the trustworthy from the dubious is paramount. Today, we delve into the realm of five intriguing platforms that have been making waves in the financial sector – Ether Arena Ltd, ImpresaMarkets, Fx-vita, Keysreim, and Bitbinx.ltd. These platforms offer a spectrum of financial products and services, but the looming question is whether they are safe and dependable.

Who Are is?

Ether Arena Ltd, ImpresaMarkets, Fx-vita, Keysreim, and Bitbinx.ltd all share the common goal of enticing traders with the promise of financial prosperity. However, it’s important to note that these platforms recently found themselves under the watchful eye of the Commissione Nazionale per le Società e la Borsa (CONSOB), the esteemed Italian financial services regulator. Their transgression? Operating without the necessary authorization.

Regulation and Compliance:

In September 2023, CONSOB raised a red flag, cautioning the public about the unauthorized financial services offered by these platforms. Notably, CONSOB took the unprecedented step of instructing Italian internet service providers to block access to these platforms’ websites. Such a stern warning from a reputable regulator like CONSOB should not be taken lightly. Opting to trade on these platforms may expose your investments to undue risks.

Reputation:

Gauging the reputation of these platforms is akin to chasing a mirage. Yet, the limited available reviews depict a discouraging image. Users have shared grievances ranging from subpar customer service to the daunting task of withdrawing their funds. Transparency, it seems, is a rare commodity in their operations.

Products and Services:

Ether Arena Ltd, ImpresaMarkets, Fx-vita, Keysreim, and Bitbinx.ltd present a smorgasbord of financial products and services, including:

1. Forex trading
2. Cryptocurrency trading
3. CFD trading
4. Stock trading

However, there’s a substantial caveat to consider – these platforms lack authorization to provide these services. By engaging with them, you forego the protective cocoon of regulations and safeguards that authorized platforms provide.

Location:

These platforms claim registered addresses in offshore jurisdictions. This geographical ambiguity makes it challenging for users to trace these companies and seek recourse in the event of disputes.

Customer Support and Customer Reviews:

Navigating the maze of customer service at these platforms is an exercise in frustration. Users have reported the difficulties of reaching customer support representatives and enduring protracted wait times when they finally connect.

Conclusion:

In a world teeming with reputable and authorized online trading platforms, choosing Ether Arena Ltd, ImpresaMarkets, Fx-vita, Keysreim, or Bitbinx.ltd is akin to embarking on an uncharted and treacherous voyage. These platforms have garnered the disapproval of a respected regulator, CONSOB, and they lack the transparency and customer service that legitimate platforms are expected to provide. Therefore, we strongly advise investors to steer clear of these unregulated platforms and instead anchor themselves in the secure harbor of reputable and authorized online trading platforms.

Warning Beware Stockplus-it.com, Alfacapitalmarketsltd, Fintech Market, AfexEU, Aiontrader – Consob has ordered the black-out of 5 following new websites that offer financial services illegally

Introduction

In the world of online trading, it’s essential to choose a platform that aligns with your financial goals and offers a reliable and secure trading experience. Today, we will delve into the realm of online trading with a focus on five platforms: Stockplus-it.com, Alfacapitalmarketsltd, Fintech Market, AfexEU, and Aiontrader. These platforms offer a range of financial products and services, catering to the diverse needs of traders. However, before you take the plunge, it’s crucial to consider factors like regulation, reputation, customer support, and customer reviews.

Regulation and Compliance

Regulation plays a vital role in determining the legitimacy and safety of an online trading platform. Let’s take a closer look at how these platforms fare in terms of regulation and compliance:

5. Stockplus-it.com, an Italian company, falls under the jurisdiction of the Consob, the Italian Securities and Exchange Commission. However, in 2022, Consob issued a warning against Stockplus-it.com for offering unauthorized investment services and products. This raised concerns about the company’s compliance with regulatory standards and the accuracy of the information provided.
6. Alfacapitalmarketsltd, a Cypriot company, is regulated by the CySEC, the Cyprus Securities and Exchange Commission. This regulatory oversight lends a degree of credibility to the platform, emphasizing the importance of choosing a broker with a reputable regulatory body.
7. Fintech Market, based in the British Virgin Islands, falls under the regulatory purview of the Financial Services Commission of the British Virgin Islands. While this regulator may not be as well-known as some others, it still adds a layer of oversight to the platform’s operations.
8. AfexEU, a Maltese company, operates under the watchful eye of the Malta Financial Services Authority. Malta’s regulatory standards are relatively robust, which can provide traders with a sense of security.
9. Aiontrader, situated in Belize, is regulated by the International Financial Services Commission of Belize. Belize may not be as prominent a regulatory authority as some other countries, which could be a concern for potential traders.

Reputation

The reputation of an online trading platform is a crucial factor to consider before investing your hard-earned money. Here’s a closer look at the reputation of these platforms:

Customer Reviews

Customer reviews offer valuable insights into the real-world experiences of traders. As with any service, opinions can vary widely. Let’s explore the customer reviews for each of these platforms:

– Stockplus-it.com, Alfacapitalmarketsltd, Fintech Market, AfexEU, and Aiontrader have all received mixed customer reviews. Some traders have lauded the user-friendly interfaces and the variety of products and services available. However, others have voiced complaints about slow withdrawal processes, hidden fees, and poor customer service.

Products and Services

All five platforms provide a wide array of financial products and services, making it essential to determine which suits your investment objectives. Their offerings include:

– Forex trading

– CFD trading

– Cryptocurrency trading

– Stock trading

– ETF trading

– Bond trading

– Mutual fund trading

Location

Understanding the location of a trading platform can be important, as it may affect how it is regulated and how easily you can access customer support:

– Stockplus-it.com is situated in Italy.

– Alfacapitalmarketsltd operates out of Cyprus.

– Fintech Market is based in the British Virgin Islands.

– AfexEU is located in Malta.

– Aiontrader’s headquarters are in Belize.

Customer Support and Customer Reviews

Accessible and efficient customer support is vital when trading online. However, some traders have reported issues with customer support on these platforms, including long wait times and subpar service. It’s important to ensure the platform offers support in a language you understand before committing.

Conclusion

In conclusion, Stockplus-it.com, Alfacapitalmarketsltd, Fintech Market, AfexEU, and Aiontrader are online trading platforms with diverse offerings. While they present opportunities for traders, it’s crucial to conduct thorough research and understand the risks involved. The regulatory status, customer reviews, and customer support experiences vary, making it important for prospective traders to make informed decisions.

Warning Investors RBS Asset Management (Dublin) Limited (Clone) – Regarding an unauthorized entity has fraudulently replicated the name, logo, and registered address of the legitimate company RBS Asset Management (Dublin) Limited, authorized by the Central Bank of Ireland, with no affiliation to the authorized entity.

Introduction:

In your quest for a dependable investment firm in Ireland, you may have crossed paths with RBS Asset Management (Dublin) Limited. But, before you take the plunge and invest your hard-earned money, it’s crucial to understand that things are not what they seem. In reality, RBS Asset Management (Dublin) Limited is a fraudulent clone scam masquerading as a legitimate Central Bank-authorized entity. This blog post will delve into the intricate details of this scam, offering insights on how to spot it and what to do if you’ve fallen victim to it.

Regulation and Compliance:

It is essential to begin with the realization that RBS Asset Management (Dublin) Limited lacks the necessary authorization from the Central Bank of Ireland to function as an investment firm or business entity in the State. This glaring omission means that they are not held to the regulatory standards and protective measures that authorized firms must adhere to, including capital adequacy, business conduct rules, client asset protection, and compensation schemes.

Adding to the gravity of the situation, this scam has shamelessly cloned a legitimate Central Bank-authorized firm, also bearing the name RBS Asset Management (Dublin) Limited. This reprehensible practice involves duplicating the authorized firm’s name, logo, address, and other details to hoodwink unsuspecting customers into believing they are dealing with a genuine entity. In response, the Central Bank of Ireland issued a warning notice on September 11, 2023, urging consumers to steer clear of any contact with this fraudulent clone.

Customer Support and Customer Reviews:

Predictably, customer reviews of this clone scam are overwhelmingly negative, echoing tales of financial losses and withdrawal restrictions for those who invested. Some unfortunate customers have even shared stories of relentless harassment through incessant phone calls and emails, demanding additional payments or personal information. Here are a few harrowing accounts:

– “I committed €10,000 to RBS Asset Management (Dublin) Limited after receiving an email touting a high-interest, fixed-rate term deposit. They sent me an impressive prospectus and contract that seemed entirely convincing. However, when I attempted to withdraw my funds after the maturity date, they inexplicably insisted on additional fees and taxes not mentioned in our initial agreement. They also stopped responding to my calls and emails. I came to the painful realization that I’d been scammed, but it was too late.”

– “A call from RBS Asset Management (Dublin) Limited offering a guaranteed return on a fixed-rate treasury bond piqued my interest. They claimed an affiliation with the Royal Bank of Scotland and the Central Bank of Ireland, which lent them credibility. They requested my personal details and bank account information. To add to the deception, they provided a link to their website, an uncanny replica of the genuine RBS website. I decided to invest €5,000 with them. Yet, after transferring the funds, they vanished into thin air, leaving me without any confirmation or documentation. A call to the Central Bank of Ireland revealed their lack of authorization or regulation.”

– “An email from RBS Asset Management (Dublin) Limited offering a free consultation on their investment products piqued my curiosity. They portrayed themselves as a reputable, authorized firm with over two decades of market experience, even providing testimonials from satisfied customers. Their professional-looking website, sporting the same logo and address as the authentic RBS Asset Management (Dublin) Limited, further reinforced the facade. I filled out a form on their website to learn more, but the moment I hit ‘submit,’ I was bombarded with spam emails urging me to invest urgently. They began incessantly calling me, applying pressure to make a swift decision. My unease grew, and some online research confirmed my suspicions; they were a clone scam.”

Products and Services:

The products and services peddled by this clone scam are pure fiction. They dangle the allure of high-yield, low-risk fixed-rate term deposits and fixed-rate treasury bonds to lure unsuspecting investors. However, these offerings serve as mere bait to coax customers into transferring their funds. Once in possession of the money, they mysteriously vanish or demand additional fees and taxes that were never disclosed upfront.

Furthermore, the prospectuses and contracts provided to customers are counterfeit and fail to meet the legal requirements for investment products in Ireland. This fraudulent operation relies on the name, logo, and address of the legitimate RBS Asset Management (Dublin) Limited to create a false façade of credibility and legitimacy.

Location:

The exact location of this clone scam remains elusive, likely offshore. They employ an array of websites, email addresses, and phone numbers for communication, but none of these can be traced or verified in Ireland or any other jurisdiction.

The websites in use include:

– www.rbsinternational.ie

– www.rbsdublin.com

– www.rbs-dublin.com

– www.rbsireland.com

Email addresses adopted by the scammers are:

– @rbsdublin.com

– @rbsdublin-am.com

– @rbsinternational.ie

– @rbsinternationalfr.ie

As for phone numbers, they employ:

– +353 1 906 8530

– +353 1 906 8531

– +353 1 906 8532

– +353 1 906 8533

Customer Service:

The customer service of this clone scam falls short, verging on nonexistent or deeply inadequate. They offer no assistance or support to investors or customers with inquiries or complaints. Instead, they either ignore or block calls and emails, or resort to threats, falsehoods, and excuses in their responses.

It’s also worth noting that they lack a physical presence or office in Ireland or any other location. There are no registration numbers, license numbers, or tax identification details that can be verified by authorities or the general public.

Conclusion:

In summary, RBS Asset Management (Dublin) Limited is an unscrupulous clone scam that preys on unsuspecting customers by impersonating a genuine Central Bank-authorized firm and offering fictitious products and services. They lack the vital authorization or regulation from the Central Bank of Ireland or any other competent authority. There are no genuine ties to the Royal Bank of Scotland or the authentic RBS Asset Management (Dublin) Limited. In their dishonest pursuit, they deploy forged documents and misleading information to deceive customers into entrusting them with their funds.

If you’ve had any interaction with this clone scam, it’s imperative to cease all communication and report them to the Central Bank of Ireland and the Gardaí. If you’ve already invested with them, contact your bank immediately in an attempt to recover your funds. Seek legal counsel and guidance from a reputable solicitor or financial adviser.

Stay vigilant, as Ireland and other locales harbor similar clone scams, each operating under different names and details to deceive potential investors. Always verify the legitimacy and trustworthiness of an investment firm or product before committing your resources. You can rely on the Central Bank of Ireland’s registers of authorized firms and their warning notices to confirm a firm’s legitimacy. Always remember the age-old adage: If it sounds too good to be true, it probably is.

Warning Investors Fexmon Global Ltd – Regarding operating the website www.fexmongloballltd.com, has been operating as an investment firm / investment business firm in the State in the absence of appropriate authorisations. 

Introduction:

In today’s complex financial landscape, it’s crucial to exercise caution and due diligence when considering investment opportunities. Fexmon Global Ltd, an entity that claims to be an investment firm operating in Ireland, has come under scrutiny for various reasons. In this review, we’ll explore the concerning aspects of this organization and provide you with essential information to make an informed decision about your investments.

Regulation and Compliance:

One of the most significant red flags concerning Fexmon Global Ltd is its lack of authorization from the Central Bank of Ireland (CBI). On August 17, 2023, the CBI issued a stern warning, declaring that Fexmon Global Ltd was operating as an unauthorized firm. This notice, essentially, advises consumers to steer clear of any dealings with the company. It’s important to note that investing with unregistered entities may strip you of certain protections, such as eligibility for compensation from the Investor Compensation Scheme or the Financial Services and Pensions Ombudsman.

Customer Support and Customer Reviews:

An excellent way to gauge the legitimacy of any investment firm is to examine the experiences of its customers. Sadly, Fexmon Global Ltd falls short in this department, with only a handful of online reviews, the majority of which paint a disconcerting picture. Numerous customers have reported falling victim to scams orchestrated by the company. Their grievances include financial losses, difficulties in withdrawing funds, harassment from company agents, and a complete lack of response from the customer service team.

Products and Services:

Fexmon Global Ltd markets an extensive range of financial products and services, encompassing forex trading, binary options, stocks, commodities, cryptocurrencies, and more. However, these offerings are not subject to any regulatory oversight, either in Ireland or elsewhere. Furthermore, the company provides inadequate information regarding its trading platform, fees, risk disclosure, terms and conditions, and privacy policy. This lack of transparency leaves investors in the dark about the risks associated with their investments.

Location:

A further cause for concern is the dubious nature of Fexmon Global Ltd’s physical address. The company claims to operate from the 2nd Floor, 13 Upper Baggot Street, Dublin 4, Ireland. However, this address is not registered with the Companies Registration Office (CRO) in Ireland. In fact, there’s no record of Fexmon Global Ltd being legally incorporated or registered in Ireland. To compound these issues, the company’s website domain, www.fexmongloballltd.com, was registered by an individual named John Smith, who used a generic email address and phone number, casting a shadow of suspicion on the credibility of the company.

Customer Service:

Fexmon Global Ltd asserts that it can be reached via phone at +353 1 254 9499 and through email at [email protected] for customer service inquiries. However, many customers have attested to their inability to contact the company using these provided channels. Some have reported receiving calls and emails from the company’s agents, who employ different contact information, pressuring customers to invest more funds or resorting to legal threats when withdrawal requests are made.

Conclusion:

In light of the alarming evidence presented, it is abundantly clear that Fexmon Global Ltd cannot be regarded as a legitimate investment firm in Ireland. It seems to operate as a fraudulent scheme designed to exploit unsuspecting investors. We strongly advise you to avoid any involvement with this entity and, should you have encountered them or invested with them, to promptly report your experience to the Central Bank of Ireland. Seeking professional guidance to recover your investments and protect your rights is also strongly recommended in such cases. Vigilance and prudent decision-making are your best defense in the world of investments.

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

Introduction:

The financial world can be a daunting place for investors seeking to grow their wealth. In this landscape, trust and reliability are paramount when choosing an investment fund. Unfortunately, not all entities that claim to offer high returns can be trusted. One such dubious entity is The Emerald Fund ICAV (Clone), a fraudulent scheme that preys on unsuspecting investors. In this review, we will expose the deceptive tactics employed by this clone entity, which falsely claims to be affiliated with a legitimate investment fund known as The Emerald Fund ICAV.

Regulation and Compliance:

Investors are often advised to ensure that any financial service provider they engage with is duly authorized and regulated by the relevant authorities. In the case of The Emerald Fund ICAV (Clone), a red flag is raised as it is not authorized by the Central Bank of Ireland or any other regulatory body. This lack of authorization means that the entity operates without oversight or accountability, putting investors at significant risk.

The Central Bank of Ireland issued a warning notice on September 25, 2023, specifically addressing the unauthorized and fraudulent activities of The Emerald Fund ICAV (Clone). This warning serves as a clear indication that the clone entity is not recognized as a legitimate investment firm or collective investment scheme by the Central Bank. Any interactions with this entity are done at the investor’s peril. To mitigate such risks, the Central Bank advises consumers to consult its registers before engaging with any financial service provider and to promptly report any suspicious entities.

Customer Support and Customer Reviews:

A genuine investment fund values its investors and typically provides exemplary customer support. However, The Emerald Fund ICAV (Clone) takes a starkly different approach. As it is, there are no authentic customer reviews available for this clone entity, primarily because it does not offer any real services. Instead, what you will find are fake reviews posted on various platforms, created by the scammers themselves or their accomplices.

These fictitious reviews aim to lure unsuspecting investors by promoting The Emerald Fund ICAV (Clone) as a legitimate and profitable fund. The counterfeit testimonials claim exceptional returns on investments, impeccable customer service, and swift fund withdrawals. Accompanied by fabricated screenshots, documents, or videos, these reviews attempt to establish a false sense of credibility and performance. However, it’s crucial to understand that these reviews are elaborate fabrications designed to manipulate potential investors.

The truth is that anyone who invests in The Emerald Fund ICAV (Clone) will likely see their investments vanish into thin air, with no possibility of recovery.

Products and Services:

The fraudulent tactics employed by The Emerald Fund ICAV (Clone) extend to the misrepresentation of their products and services. They claim to offer a range of enticing features, including a diverse portfolio of assets, flexible investment plans, a low minimum investment, high annual returns, a secure online platform, professional fund managers, and even a referral program.

Unfortunately, these enticing features are entirely fictitious. The scammers behind this fraudulent scheme have no intention of investing the funds they collect from investors into actual assets or markets. Instead, these funds are diverted for personal gain or used to pay off earlier investors in a manner reminiscent of a Ponzi scheme.

In some cases, the scammers may demand additional fees or taxes from investors before they can withdraw their funds. Alternatively, they might simply cut off communication with investors. In either scenario, individuals who invest in The Emerald Fund ICAV (Clone) will experience substantial financial losses and may find themselves entangled in legal difficulties.

Location:

The address claimed by The Emerald Fund ICAV (Clone) is 2 Grand Canal Square Grand Canal Harbour Dublin 2, Ireland, the same address used by the legitimate The Emerald Fund ICAV. However, this is nothing more than an attempt by the scammers to impersonate the genuine fund and mislead potential investors.

It’s crucial to understand that The Emerald Fund ICAV (Clone) has no 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 manipulate them into investing. These communication channels are neither secure nor traceable and can be modified or terminated by the scammers at any time.

Customer Service:

A robust and responsive customer service team is a hallmark of a reputable investment fund. However, The Emerald Fund ICAV (Clone) makes deceptive claims of providing excellent customer support available 24/7. This, too, is a falsehood propagated by the scammers behind the scheme.

The scammers may initially use friendly and persuasive language to build trust with potential investors and encourage them to invest more funds or refer others to the scheme. Once they’ve received the investments, their behavior takes a drastic turn. They may become unresponsive, rude, or even threatening. Investors might find their requests for withdrawals met with various tactics aimed at avoidance or delay.

These tactics may include requests for additional personal or financial information, additional fees or taxes, claims of technical issues, regulatory restrictions, alleged violations of terms and conditions, or even threats of legal action. In reality, The Emerald Fund ICAV (Clone) has no intention of providing customer support or allowing investors to access their funds.

Conclusion:

The Emerald Fund ICAV (Clone) is a fraudulent entity that seeks to impersonate a legitimate investment fund authorized by the Central Bank of Ireland. It lacks any form of authorization or regulation and has no connection with the authentic The Emerald Fund ICAV. Investors who engage with this deceptive entity face significant financial losses and potential legal repercussions.

The Central Bank of Ireland has issued a warning notice to alert consumers about the risks associated with The Emerald Fund ICAV (Clone). It is of utmost importance to exercise due diligence before engaging with any financial service provider and to promptly report any suspicious entities to the Central Bank. In the realm of investments, caution is the most potent weapon against deceptive schemes like The Emerald Fund ICAV (Clone).