FMA adds Clearing Falcon Group, Genuine Progress Index others to warning list

New Zealand's Financial Markets Authority (FMA) issued a warning against Clearing Falcon Group Limited (CFG), Genuine Progress Index Limited (GPI) and Yunma Tianlong International Consulting Co., Limited.

FMA is concerned that Clearing Falcon Group Limited, Genuine Progress Index Limited and their websites may be operating a scam.

A New Zealand resident was approached by CFG via WhatsApp and Tinder regarding investment opportunities. GPI is also approaching individuals via Facebook with trading opportunities. FMA has been made aware of investors having difficulties in withdrawing their investments held with these entities.

Neither CFG nor GPI are registered financial service providers in New Zealand, nor are they authorised to offer financial services/products to New Zealand residents.

Both CFG and GPI are incorporated in the United Kingdom and list Yunma Tianlong International Consulting Co., Limited (Yunma) as their Company Secretary, which they share with Knight Service Group and Business Choice Group Limited, entities that the FMA has previously warned about. Accordingly, we recommend caution when dealing with Yunma.

Details of the CFG and GPI are as follows:

Also known as: Golden Hrwk, BTCUSDT Investments, GPI, GPI Markets

Website: https://clearingfalcon.com/,  https://www.gpimarkets.com/

Address: Unit G25 Waterfront Studios, 1 Dock Road, United Kingdom E16 1A, London

Phone: +1 440 219 1655, +44 7786 836864, +852 6415 4346

Email: info@clearingfalcon.com, support@gpimarkets.com   

FMA is also been made aware that CFG and its associated entities are requesting for payments via cryptocurrency. Please note the recipient of a cryptocurrency transaction cannot be easily traced and we recommend caution when using this mode of payment.