The Malta Financial Services Authority (“MFSA” or “the Authority”) has become aware of emails, which appear to be scam emails, targeting consumers. The emails are being circulated by individuals going by the names of Laurent Carpentier, Denis Rouget and Paul Lecorre (jointly the ‘Individuals’) purporting to be part of Accendo Capital. The Individuals are using the details of an investment fund based in Luxembourg called Accendo Capital which is managed by an MFSA licensed company Accendo Capital Management Limited (‘‘Accendo’’), in an effort to deceive the public.

The Authority would like to inform the public that Accendo Capital has no connection with these Individuals, Accendo does not manage the type of products proposed by these Individuals nor would be reaching out to the general public.

The public should therefore refrain from entering into any transactions, providing personal details, or otherwise dealing with the Individuals on any matters falling within the parameters of the Investment Services Act, Chapter 370 of the Laws of Malta.

The MFSA would like to remind consumers of financial services not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made is authorised to provide such services by the MFSA or another reputable financial services regulator. A list of entities licensed by the MFSA can be viewed on the official website of the Authority at https://www.mfsa.mt/financial-services-register/.

For more information on clone companies please refer to the Scam Detection Guidelines issued by the MFSA at https://www.mfsa.mt/consumers/scams-warnings/typical-scams/ and the MFSA scam awareness document to keep yourself informed on red flags. If you are a victim of a scam or think you might be dealing with an unauthorised entity or any other type of financial scam, first of all stop all transactions with the company and contact the MFSA at https://www.mfsa.mt/about-us/contact/ as soon as a suspicion arises.