Investor Alert: Jbcapitals and Halifax & Associates
MSC Issues Investor Alert on Jbcapitals
and Halifax & Associates
Winnipeg - The Manitoba Securities Commission (MSC) is issuing an investor alert on Jbcapitals and Halifax & Associates, affiliated companies operating in Switzerland and Denmark, after a rural Manitoban has been defrauded of over $8,000.
“The victim in this fraud became involved with a company via a Facebook advertisement,’” says Jason Roy, Senior Investigator with the MSC. “The company, Jbcapitals claimed to invest in Bitcoin/cryptocurrency markets on behalf of their clients with an “85% success rate”, but the victim was never able to recover any of his initial investment or supposed returns.”
While fraud is not a new concept, the methods used by scammers are constantly evolving to adapt to new situations and technology, such as cryptocurrency. Manitobans should be aware of the red flags of fraud:
· promises of high returns with low risk,
· pressure to invest quickly / limited time offers
· secret or ‘insider’ information / exclusive offers
· offers from complete strangers
· unregistered salespeople and companies
· inconsistent details / avoiding questions / no paper trail
Members of the public are advised to contact MSC if they believe they have been targeted by any type of investment fraud attempt. MSC’s anti-fraud line is 1-855-FRAUD-MB.
The public can also visit recognizeinvestmentfraud.com for more information on common investment frauds and scams.
The Manitoba Securities Commission is a division of the Manitoba Financial Services Agency, a Special Operating Agency of the Government of Manitoba that protects investors and promotes fair and efficient capital markets throughout the province. -30-
Jason Booth, Communications Coordinator, MSC | 204.945.1660 | firstname.lastname@example.org