Verify an Investment Firm in Hong Kong
Investment Fraud in Hong Kong
Investment Fraud is rising, scams such as stock fraud, broker fraud and investment scams are all well organised and not easily to detect. Digitpol has seen an increase in Investment scams targeting Hong Kong. Digitpol’s operational units deploy daily to assist with the verification and checks on investment firms offering such sales.
Digitpol conducts checks on several layers, document examination, email examination, verification at the stock exchange, share certification checks and on-site visits to the investment company.
It is typical that fake trading and Investment fraudsters have used a fake website that are similar to the name of a real trading firm thats live and registered in Hong Kong, the fraud is often that the website is not the actual website of the real firm or a fake address is provided on the website, often a different bank account name is used for deposits. Digitpol can check all aspects of a investment company, its location, structure, license, website and the domain. We carry out checks with the real company to confirm it is theirs (real) or not (fake). We can validate if the company really exists and if they are "live" in the sector of trading. In the majority of cases, Digitpol visits the companies office to validate the checks and meet with its staff. In the event the findings are fraudulent, then a Police complaint and procedure to recover funds is required.
If you have purchased shares in Hong Kong that you suspect to be fraudulent contact Digitpol to carry out checks and prepare a report, following that a complaint is necessary at the Hong Kong Police.
How to check if an Investment offer in Hong Kong is genuine? Contact Digitpol to conduct due diligence and validate all the facts, licensing, documents along with a visit to investment company office.
If you have transferred funds to a fraudulent bank account in Hong Kong, the following is urgent.
- Report the incident as soon as possible to your local police in the country you reside in. Obtain the Police report or case number.
- Immediately alert your bank the transaction is fraudulent.
- Engage Digitpol and its legal team to act for you in Hong Kong by reporting the complaint to the Police and conducting an Investigation by liaising with the Police and the banks.
The evidence, the Police will first need to be satisfied that a crime is actually committed, this is done by the examination of evidence and the evidence that a crime took place. If sufficient evidence is presented the Police will take immediate action. If you are located in Hong Kong, go directly to the Police and contact your bank.
To check if a Hong Kong company has a license to trade Securities and Futures or if the company has been published on the Alert List of the Securities and Futures Commission (SFC) you can check licensed operators on the website of SFC or the alert list: https://www.sfc.hk/web/EN/alert-list/all.html The information contained on the Alert List is provided as an early warning service to investors but is not a substitute for investors conducting their own due diligence by checking up on a particular entity.
If your unsure of an investment offering, you can check if the investment firm has a license to operate or consult with Digitpol to check on your behalf. For such cases we advise an on-site inspection at the investment firm.
Digitpol is available 24/7. Phone HK: +85239733884