FMA Issues Warning Against Scam Website Citiclient-assets.com

The New Zealand's Financial Markets Authority (FMA) recommends caution when dealing with the website Citiclient-assets.com as the FMA is concerned this website may be operating a term-deposit scam.

It is claimed that the investment is offered by Citibank, N.A. which is not true. Citibank, N.A. has confirmed that they are not connected with the offer and/or the entity.

It is stated in their prospectus that the investment is insured up to $250,000 per investment by the Australia Government Guarantee Scheme. This scheme is only available in Australia and does not exist in New Zealand.

It is also stated in their prospectus that the investment complies with the “terms of FMA”, which is not true.

The fake website's information is as follows:

​Website: Citiclient-assets.com

Email: info@citiclient-assets.com

Phone: +64 9 2420 994