British Regulatory Authority 'FCA' Blacklists Two Fake Crypto Investment Companies - Report.

British Regulatory Authority 'FCA' Blacklists Two Fake Crypto Investment Companies - Report.

2019-06-15 | Eddy Morgan

British Regulatory Authority 'FCA' Blacklists Two Fake Crypto Investment Companies - Report.

In line with a recent 'official announcement', the British regulatory FCA [Financial Conduct Authority] has warned the general public of an illicit company posing as the Swiss Investment Corporation, a [FCA]-authorized firm offering investments in 'cryptocurrencies', and the another company that’s faking as Goldman Sachs.

FCA has blacklisted a firm in-operation beneath the domain ‘swissinvest.biz'. In line with the announcement, the fake firm is offering services on its web-site ‘swiss-investissement.com' and is associated within a scam activity.

On the web-site, the aforesaid fake firm divides its proposed investments into the safest - assets like precious metals, and therefore the most successful - major cryptocurrencies along with Bitcoin [BTC], Ethereum [ETH] and Ripple [XRP].

The FCA published another 'warning' against Goldman Sachs Asset Management International, a fake copy of the leading international investment bank ‘Goldman Sachs’. The renowned investment bank has recently denied its plans to launch a cryptocurrency trading desk, claiming that several multiple media reports suggesting otherwise were incorrect.

Within the both aforesaid cases, the FCA has expressed the actual danger of cold calls from firms pretending to be legal financial establishments.

Earlier in May, FCA warned investors against another clone firm pretending as ICAP Europe Ltd.

Also, British regulator 'reported' that native cryptocurrency investors lost over $34 Mln’s due to cryptocurrency & forex-related 'scams' over 2018 and 2019.

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