The FMA has also received reports of people being unable to withdraw their funds from VHNX.
cold calling scam
It appears that the callers are asking consumers to provide their bank details or otherwise their bank account will be blocked.
Around 40% of victims of financial fraud were contacted by telephone in 2020 – a practice known as “cold calling”.
The defendants obtained almost $7M in investor funds by cold-calling consumers and operating the websites smsfadvisory.com and pwkittco.com.