Public warned about Fairtree Capital WhatsApp group
The Financial Services Conduct Authority (FSCA) has warned the public to be cautious when doing business with a WhatsApp group named Fairtree Capital.
“The individuals behind the WhatsApp group are not authorised to render any financial advice and intermediary services,” said the FSCA.
Creators of the WhatsApp group are allegedly soliciting investments from people and promising unrealistic and excessive returns while using the names of a legitimate financial services providers (FSPs), such as Fairtree Asset Management, Faitree Capital Hospitality and Fairtree Private Client.
The financial oversight body said the Fairtree group had confirmed they were in no way associated with the WhatsApp group.
“It is the…