Warning Investors Vernier Capital Advisors (Europe) Ltd – Clone
Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)
Introduction:
In the world of financial services, trust and reliability are paramount. It’s essential to carefully choose the institutions you entrust with your hard-earned money and financial well-being. Vernier Capital Advisors, a company that professes to provide investment management, wealth planning, and corporate finance solutions, may have caught your eye. However, it is crucial to recognize that this entity is not what it claims to be. In fact, Vernier Capital Advisors is a fraudulent scheme that exploits the identity of a legitimate institution to deceive unsuspecting individuals.
Regulation and Compliance: MFSA Issues Warning
The Malta Financial Services Authority (MFSA), responsible for regulating financial services in Malta, has raised a red flag regarding Vernier Capital Advisors. They unequivocally state that Vernier Capital Advisors is neither registered in Malta nor authorized to offer financial services within or from the country. Importantly, the MFSA underscores that there is no affiliation between Vernier Capital Advisors and Vernier Capital Advisors (Europe) Ltd, a legitimate company licensed by the MFSA, with a web presence at https://verniercapitaladvisors.eu.
In response to this deceptive entity, the MFSA has issued a stern warning to the public, advising against engaging in any transactions or business dealings with Vernier Capital Advisors. The authority suspects that this might be a clone operation attempting to mimic the genuine entity. They have further urged anyone who has been contacted or conducted business with Vernier Capital Advisors to report the matter to the MFSA or the Malta Police Force.
Reputation:
As one would expect, there is a dearth of positive customer reviews surrounding Vernier Capital Advisors, for it operates as a fraudulent enterprise with the potential to rob you of your money and personal information. Instead, you’ll find a litany of complaints and warnings from individuals who have encountered Vernier Capital Advisors or become victims of their deceitful activities.
For instance, a Trustpilot user recounted how Vernier Capital Advisors reached out to them via phone and email, tempting them with high-yield investment opportunities. When the user sought more information and proof of legitimacy, the representatives turned aggressive and discourteous, ultimately hanging up. Another account on Scamwatcher details an attempt by Vernier Capital Advisors to convince an individual to invest in a fictitious solar panel project in Africa. The user noted glaring grammatical errors and inconsistencies on the company’s website, alongside fake contact information.
Products and Services:
Vernier Capital Advisors purportedly offers a wide range of financial products and services, including:
– Investment Management: They claim to provide personalized investment solutions tailored to clients’ risk profiles, objectives, and preferences, with access to various asset classes such as equities, fixed income, commodities, currencies, and alternative investments.
– Wealth Planning: Their promise is to assist clients in planning for their financial future, offering advice on estate planning, tax optimization, retirement planning, philanthropy, and family governance.
– Corporate Finance: Vernier Capital Advisors asserts they can support clients in areas like mergers and acquisitions, capital raising, restructuring, valuation, and due diligence.
However, these claims are patently false and misleading, given that Vernier Capital Advisors lacks the requisite licenses and regulatory oversight to provide any of these services legally and professionally. Instead, it appears that they employ these purported offerings as bait to ensnare unsuspecting clients into their fraudulent scheme.
Location:
Vernier Capital Advisors claims to be headquartered at 1st Floor 2 Woodberry Grove, Finchley, London N12 0DR, United Kingdom. Regrettably, this address is fictitious and unassociated with the company. It is, in fact, employed by numerous other fraudulent entities operating under different names. Moreover, Vernier Capital Advisors maintains no physical presence or representation in any other country or jurisdiction.
Customer Support and Customer Reviews:
Vernier Capital Advisors boasts of a dedicated customer service team available around the clock via phone, email, or live chat. However, this assertion is merely another facet of their web of deception, aiming to create a veneer of professionalism and credibility. In reality, their customer service is either non-existent or severely lacking. Many individuals have reported their inability to reach Vernier Capital Advisors by phone or email, while others received rude and unhelpful responses. Some even faced harassment and threats when attempting to withdraw their funds or cancel their accounts.
Conclusion:
In conclusion, Vernier Capital Advisors is a scam that shamelessly masquerades as a legitimate financial services provider. The company lacks registration and authorization from any regulatory body, and its financial services are neither genuine nor lawful. Engaging with Vernier Capital Advisors poses a significant risk to your finances and personal information. To safeguard your interests, it is imperative to steer clear of this entity and promptly report any encounters with them to the relevant authorities.
