Erscheinung:06.11.2024 | Topic Unauthorised business, Consumer protection Website fb-invest.eu and fraudulent offers of shares: FB Invest UG (haftungsbeschränkt) target of identity fraud
Unknown persons are currently contacting consumers in Germany and offering them the opportunity to buy shares. BaFin suspects these persons of providing financial and investment services without the required authorisation. The offers of shares and the website fb-invest.eu used for this purpose do not originate from FB Invest UG (haftungsbeschränkt), based in Munich. This is a case of identity fraud. Furthermore, despite their assertions to the contrary, the website’s operators are not supervised by the financial supervisory authority BaFin.
Anyone conducting banking business or providing financial or investment services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation. Information on whether a particular company has been granted authorisation by BaFin can be found in BaFin’s database of companies.
Theinformation provided by BaFin is based on section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG).
Please be aware:
BaFin, the German Federal Criminal Police Office (Bundeskriminalamt – BKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.
