Solid Invest and "company" (finally) on the KNF's list of warnings

Polish Financial Supervision Authority announced on June 9, 2021, the inclusion of four new entities on the list of warnings. These are: Gray Matter Enterprise Ltd (known as Solid Invest), Capital Letter GmbH (known as Bright Finance), International Market Service Board (IM-SB.com) and Global Estate Found OÜ (investo.tech). Details below.

KNF warns against Solid Invest and "branches"

Finally, the Munich-based entity Gray Matter Enterprise Ltd, which owns the website www.solidinvest.co, has been added to the "blacklist". Solid Invest are scammers who are extremely active this year, which we wrote about in May this year.. And the best confirmation of this is the fact that they have long been on the public warning lists of such regulators as the German BaFin, French AMF, British FCA, Austrian FMA, Cypriot CySEC, the Italian CONSOB, the Spanish CNMV and the Belgian FMSA.

Although the KNF has separated it into separate items in its announcement, Capital Letter GmbH based in Munich and Capital Letter Ltd based in Majuro, Marshall Islands are created by the same scammers as Solid Invest. Bright Finance, operating under the domain www.brightfinance.co, also "specializes" in the same fraudulent activities.

International Market Service Board

The International Market Service Board is another "broker" that (activities conducted through the investment platform:im-sb.com)

In all of the above cases, the reason for listing was to officially provide services without the required licenses and permits. Therefore, a notification was submitted regarding the suspicion of committing a crime under Art. 178 of the Act on Trading in Financial Instruments. The proceedings were initiated by the KNF Office and are conducted by the District Prosecutor's Office in Warsaw.

The fact is, however, that malicious activity is deliberately aimed solely at extorting funds from unaware investors.

Real estate tokenization

The entity that "got" on the list of warnings in yesterday's announcement is also Global Estate Found OÜ with its seat in Tallinn and Connect & Invest sp. Z oo with its seat in Warsaw - (operating via the website https://investo.tech/). Unlike the rest, this is not (or pretends to be) a Forex broker. The company advertises itself as an entity that "tokenizes" real estate and offers relatively high rates of return (5-15% per annum), which the Polish regulator might not like. The company does not have any licenses and permits related to the investment industry in Poland.

A notification under Art. 287 paragraph. 1 of the act on investment funds. The notification is sent by the KNF Office.

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.