FSA Issues Warning Over False Address Claim
The FSA is concerned the website is attempting to gain personal data from in order to steal personal info.
The island’s Financial Services Authority has issued a warning over a company which appears to be fraudulently claiming it is based on the island.
In a statement, the FSA said it had been made aware that Project Capital Holdings is claiming on its website that it has an address in Tower House.
However, it said that its investigations have ‘failed to establish any association between the website, www.projectcapitalltd.com and any genuine Isle of Man companies or businesses’.
It adds: ‘Those operating the potentially fraudulent website www.projectcapitalltd.com have no authority to claim that they operate in or from the address, Tower House, Castle Street, Douglas, Isle of Man and as far as we can ascertain they are not known to anyone genuinely associated to that address
‘There is no company incorporated in the Isle of Man under the name of Project Capital Holdings. It is not registered in the Isle of Man as a company incorporated elsewhere having established a place of business in the Isle of Man. Project Capital Holdings is not registered as a business name in the Isle of Man.’
Services
To offer the services listed on its website, Project Capital Holdings would, given its claims of being based in the Isle of Man, needs a licence issued by the FSA, which it hasn’t done.
The authority says:’Under the circumstances, the Authority is concerned that any person who has accessed the website www.projectcapitalltd.com may potentially become the victim of fraud or it may be an attempt at gaining personal data from the browser in order to steal their identity.
‘General advice on how to avoid becoming a victim to identity theft and advanced fee frauds can be found on the Action Fraud website at http://www.actionfraud.police.uk/ID and http://www.actionfraud.police.uk/fraud-az-advance-fee-fraud respectively.
‘Any persons who are already involved in any dealings with the potentially fraudulent website www.projectcapitalltd.com should consider notifying their local Police, bringing to their attention the contents of this notice.’
Anyone with general concerns concerning any individual or company holding themselves out as conducting a regulated activity in or from the Isle of Man without the requisite licence should contact the Enforcement Division at the Authority on +44 1624 689311 or by e-mail to info@iomfsa.im for advice.
