Öffentliche Betrugswarnung – Verbraucherwarnung!4XFX
- Warnung ASIC Australia
ASIC advises this company could be involved in a scam. Do not deal with this business as it is unlicensed in Australia.
The business listed below has made unsolicited calls or sent emails about investing, financial advice, credit or loans and does not hold a current Australian Financial Services (AFS) licence or an Australian Credit licence from ASIC.
More information on dealing with investment scams and banking and credit card scams.
(also known as FRG Europe Ou)
Harju Maakond Tallinn Kesklinna Linnaosa Roosikrantsi tn 2-K397, 10119, Estonia.
Ph: +4932229990017, +442080893668, +3726346223
2019-01-14, Public warning by Finantsinspektsioon Estonia against GRF Europe OÜ
Finantsinspektsioon (the Estonian Financial Supervisory Authority) would like to inform clients and investors that GRF Europe OÜ (registry code 14421113) does not hold an activity licence for the provision of investment services in Estonia and therefore GRF Europe OÜ is not authorised to provide investment services in Estonia. The company offers the possibility to trade different derivatives through web page 4xfx.com.
2019-03-25, Public warning by CNMV Spain against GRF Europe OÜ
CNMV ISSUES WARNING TO THE PUBLIC ON UNREGISTERED FIRM
Pursuant to the second paragraph of Article 17 of the Securities Markets Law (recast text approved by
Royal Legislative Decree 4/2015, of 23 October), the Comisión Nacional del Mercado de Valores (National
Securities Market Commission) warns that:
GRF Europe OÜ / Bock Intl Ltd
is not authorised to provide the investment services detailed in Article 140 of the Securities Markets
Law, which include investment advice, or to provide the auxiliary services detailed in letters a), b), d),
f) and g) of Article 141 of the said Law in relation to the financial instruments detailed in Article 2 of the
said Law, including, for those purposes, foreign currency transactions.
For any enquiries, please contact the Comisión Nacional del Mercado de Valores enquiry line on
900 535 015 or visit CNMV’s website (www.cnmv.es).
25 March 2019
2019-04-15, Public warning by FCA UK against 4XFX
Warnings Published: 15/04/2019 Last updated: 15/04/2019
We believe this firm has been providing financial services or products in the UK without our authorisation. Find out why to be especially wary of dealing with this unauthorised firm and how to protect yourself from scammers.
Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us.
However, some firms act without our authorisation and some knowingly run investment scams.
This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorisation.
Address: 4XFX is owned and operated by GRF EUROPE OU, Potsdamer strasse 180, Berlin 10783, Germany;
The registered address of the company is Harju maakond, Tallinn, Kesklinna linnaosa, Roosikrantsi tn 2-K397, 10119, Estonia
Telephone: 02080893668; 02039663617
Email: firstname.lastname@example.org; HenryO@4xfx.com; beng@4xFX.com; email@example.com; firstname.lastname@example.org; email@example.com; Bryanp@4xfx.com
How to protect yourself
We strongly advise you to only deal with financial firms that are authorised by us, and check the Financial Services Register to ensure they are. It has information on firms and individuals that are, or have been, regulated by us.
If you want to check a consumer credit firm that may not yet have been authorised by us, please also check the Interim Permission Register (link is external).
If a firm does not appear on the Register but claims it does, contact our Consumer Helpline on 0800 111 6768.
There are more steps you should take to avoid scams and unauthorised firms.
You should also be aware that if you give money to an unauthorised firm, you will not be covered by the Financial Ombudsman Service (link is external) or Financial Services Compensation Scheme (link is external) (FSCS) if things go wrong.
Report an unauthorised firm
If you think you have been approached by an unauthorised firm or contacted about a scam, you should contact our Consumer Helpline on 0800 111 6768. If you were offered, bought or sold shares, you can use our reporting form.
2019-08-07, Public warning by MSC Canada against 4XFX
ALERTS & CAUTIONS
Investor Alert: 4XFX
Posted: August 7 2019
FOR IMMEDIATE RELEASE
August 7, 2019
MSC Warns Manitobans to be Wary of Crypto-Hype
Winnipeg - The Manitoba Securities Commission (MSC) is issuing a warning to Manitobans about high-risk cryptocurrency investing after a Manitoban lost nearly $9,000 to a ‘Bitcoin trading’ company allegedly operating from Talinn, Estonia.
The company, 4XFX bills itself as a ‘Bitcoin trading investment’ platform, in addition to other cryptocurrencies and commodities such as gold and crude oil. The company’s website is currently shut down, but not before a Winnipeg man was defrauded of $8,729.
Other fraudsters are now targeting the same man.
"Not only was this individual defrauded by 4XFX, but his information is being shared with other scammers to target him again, " says Jason Roy, Senior Investigator with the MSC. "He’s being contacted by companies offering to recover his money for a fee—this is a typical, ‘recovery room’ scam, where a second criminal with knowledge of the first fraud will pretend to help you in order to con you a second time. It’s insidious, and unfortunately it’s not uncommon. "
Following an investigation, MSC has released an Investor Alert naming 4XFX, 4XFX.com and GRF Europe OU, which are not, and have never been, registered to trade securities in Manitoba. Regulators in the U.K., Australia, and Spain have blacklisted the same company.
This alert was issued as part of the North American Securities Administrators Association (NASAA) "Operation Cryptosweep " an international crackdown on potentially fraudulent ICOs and cryptocurrency-related investment products, involving more than 40 provincial and state securities regulators in Canada and the United States. MSC is a member of NASAA.
This is the second ‘Cryptosweep’ conducted by NASAA since 2018. The recent uptick in the price of Bitcoin this year has increased public interest in cryptocurrencies and given rise to another substantial wave of cryptocurrency-related frauds.
A critical component of "Operation Cryptosweep " is raising public awareness of the risks associated with Initial Coin Offerings (ICOs) and cryptocurrency-related investment products, including:
· Potential for Fraud: Due to their very nature, ICOs are fertile ground for fraud.
· It’s Volatile: Cryptocurrency prices rise and fall dramatically, often driven only by media hype. There are few constraints on price manipulation.
· It’s Vulnerable: Online wallet companies and exchanges are susceptible to cybersecurity threats and hacking, putting your deposits at risk.
· Lack of reliable information: Unlike an Initial Public Offering (IPO), there are no formal disclosure requirements such as who is behind the ICO and how the money raised will be spent.
· High failure rate: Many ICOs are based on an idea, not a proven business model.
· Obscurity: It’s hard to make informed decisions about value without financial statements or other traditional assessment criteria to rely on.
MSC suggests investors should make sure they thoroughly understand the details and risks of a potential investment, and whether it fits with their long-term financial strategy. Even legitimate products can be high-risk, and definitely not suitable for everyone. Take time to do your homework before you invest. Start by checking an individual or company’s registration at aretheyregistered.ca.
Attached to this release are the "What is Cryptocurrency? " and "What is an ICO? " infographics, which have more information on how investors can protect themselves from cryptocurrency / ICO fraud. They can also be found here.
Members of the public are advised to contact MSC if they believe they have been targeted by any type of investment fraud attempt. MSC’s anti-fraud line is 1-855-FRAUD-MB.
The public can also visit recognizeinvestmentfraud.com for more information on common investment frauds and scams.
The Manitoba Securities Commission is a division of the Manitoba Financial Services Agency, a Special Operating Agency of the Government of Manitoba that protects investors and promotes fair and efficient capital markets throughout the province.
Organized in 1919, the North American Securities Administrators Association (NASAA) is the oldest international organization devoted to investor protection. NASAA is a voluntary association whose membership consists of 67 state, provincial, and territorial securities administrators in the 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Canada, and Mexico.
Jason Booth, Communications Coordinator, MSC | 204.945.1660 | firstname.lastname@example.org
2020-02-05, Public warning by CBI Ireland against 4XFX
Warning on Unauthorised Firm – 4XFX
05 February 2020 Press Release
The Central Bank of Ireland (‘Central Bank’) today, 5 February 2020 , published the name of an unauthorised investment firm, 4XFX (Estonia) – www.4xfx.net (website unavailable) in order to warn the public that it is not authorised to provide investment services in Ireland.
A list of unauthorised firms published to date is available on the Central Bank website.
It is a criminal offence for an unauthorised firm/person to provide financial services in Ireland that would require an authorisation under the relevant legislation which the Central Bank is the responsible body for enforcing. Consumers should be aware, that if they deal with a firm/person who is not authorised, they are not eligible for compensation from the Investor Compensation Scheme.
Any person wishing to contact the Central Bank with information regarding such firms/persons may telephone (01) 224 4000. This line is also available to the public to check if a firm is authorised. Since obtaining the necessary legal powers in August 1998, the names of 387 unauthorised firms have been published by the Central Bank.
The name of the above firm is published under the Central Bank (Supervision and Enforcement) Act 2013.