Fortune Banque and Tareno (cloned firm)
The Financial Services and Markets Authority (FSMA) warns the public against the activities of Fortune Banque, a company that offers investment services in Belgium without complying with Belgian financial legislation.
Fortune Banque is not an authorized investment firm or credit institution in Belgium. It is therefore not allowed to provide banking and/or investment services in or from Belgium.
The FSMA therefore strongly advises against responding to any offers of financial services made by Fortune Banque and against transferring money to any account number it might mention.
Fortune Banque uses the website www.fortunebanque.com.
The representative of Fortune Banque contacts potential investors from the email address email@example.com and claims to be part of the Tareno group. However, this is a case of theft of the identity of SA Tareno (Luxembourg), a company authorized by the CSSF, and there are no links between the two aforementioned companies. This practice is typical of the fraud mechanism known as a “cloned firm”: someone steals the identity of existing persons or companies (a lawyer, registered company, etc.) in order to give the appearance of trustworthiness or legitimacy, and thereby to convince investors.
Fortune Banque has clear associations with LIBServices ltd (Next Binary) for which the FSMA issued a warning on 2 July 2015 on its website.
The FSMA recommends vigilance with regard to companies such as this one that offer online investment services. Always verify that any company which is offering you financial services has the requisite authorization. For more recommendations, please consult the general warning published by the FSMA on 25 September 2015 on its website.
If you wish to check in general whether a proposed transaction complies with the financial regulations, please use the search function (available in Dutch and French only) on the website of the FSMA. You can also contact the FSMA (email address: firstname.lastname@example.org).