The KNF adds 7 new investment scams to the list of warnings

On August 10, 2022 Polish Financial Supervision Authority added as many as 7 new entities to the list of warnings. These are mainly investment platforms that offer trading services in the financial markets, including Forex and cryptocurrencies, without the required permits and licenses. Some sites have already been successfully blocked, but some are still operational. There are also cases where "new" scams appeared just a few days later with only a slightly modified name, so stay tuned!

KNF warns against 7 entities

The KNF's black list includes:

• FCounsulting (operating via the https://fpcounsulting.com internet platform)
• Netglobalite (operating via internet platforms: https://netglobalit.com and trade.netglobalit.com)
• FinExchange (operating through the internet platform https://www.finexchnge.com, owned by Market Star Ltd.)
• Amvikta Limited (operating under the brand name "Bull & Bear Trading Group" using the website www.bnbtgroup.com)
• Ethereum Group LLC based in Saint Vincent and the Grenadines (operating under the trade name "Fintegral" via online platforms: www.fintegral.fund, www.fintegral.world and www.webtrader.fintegral.cloud)
• Crystal Invest Corporation LLC and Crystal Invest Group Ltd (operating through the platforms: www.thecrystalcorp.link, www.thecrystalcorp.com, www.thecrystalcorp.trade and www.thecrystalcorp.co)
• Unit Capital Ltd (running a business using the website www.unitscapital.com)

In each of the above cases, the reason for entering on the list is the same, i.e. for notification of suspicion of committing a crime under Art. 178 of the Act on Trading in Financial Instruments - conducting activities in the field of trading in financial instruments without the required permit or authorization. The notifications were submitted by the KNF Office, and the cases are handled by the District Prosecutor's Office in Warsaw. We warn you against using the services of these "brokers".

We warn against using the services of unlicensed companies. Before opening an account, always make sure it is correct the broker has the appropriate regulations and permits at the indicated financial market supervisory institution.