Together with FinTelegram we have uncovered yet another fake regulator—FINAEU. This fraudulent entity falsely claims to be an independent public supervisory authority overseeing the investment services market and other financial sectors in Europe, including crypto-asset services. On their website, fin-eu.com, they even boast about licensing over 85 brokers. However, this is completely false!
The German Federal Financial Supervisory Authority (BaFin) recently issued a warning and confirmed that FINAEU is not a legitimate European securities regulator and does not oversee any financial companies. This fake regulator is part of a broader scheme where fraudsters pose as regulated financial service providers.
ACTION NEEDED:
- Reject any offers or requests mentioning FINAEU as a supervisory authority.
- Report any encounters with this fake regulator to the police or public prosecutor.
Whistleblowers Wanted!
If you have any information about the operators behind FINAEU or other fake regulators, please come forward. Your insights are crucial in our fight against financial fraud!
Stay vigilant and protect yourself from fraud!