This is a UK registered company called Investing 4 You Ltd (https://find-and-update.company-information.service.gov.uk/company/13048060), their website is investing4you.co.uk
The company website clearly states they are a forex broker and they carry out trades on customers behalf. I have heard multiple stories of this company consistently doubling money every month. Early customers have received money back, and in excess of their initial deposit. The initial investment was £1,000, but I believe this has been increased to £15,000 recently. Also, two weeks ago, on their FB page, they announced they were closing the waiting list and that they had 400+ new applicants on this list, which they needed to process (£6m+).
When challenged on their regulatory status, this company confirmed that they had applied to the FCA (Financial Conduct Authority) but the application process usually takes 12 months (the company started November 2020), however, they lead customers to believe that it is still acceptable to do what they do, whilst their application is being processed.
The FCA have been contacted, and they confirmed that Investing 4 You Ltd are not on the FCA register and, to date, they have no record of this company applying for any regulated activities. Investing 4 You Ltd (and some initial investors, see below) are clearly lying to its customers and deletes posts and reviews, which confirm the above.
The initial investors (friends of Declan Nowell, director of Investing 4 you ltd) openly flash their new wealth on FB, Instagram etc to provide yet more legitimacy to their activities and are more than likely involved. Note, although this company has a website, it's client base is spread through word of mouth to friends, friends of friends etc.
Scunthorpe, is a small back water town (approx 70,000 people) so was amazed that a Ponzi scheme would consider setting up in such a place, however, it appears to be the perfect location. Away from more investment knowledgable people who tend towards the cities. The low initial entry of £1,000 has also encouraged numerous customers, who don't even a clue about what they are "investing" in. They just see their money doubling in one month (and every month after that). The real issue kicks in when these customers then add more money by getting family and friends to invest. However, account opening is limited so these customers with accounts, gather money from family and friends (who are not able to open accounts, see waiting list above) and invest this new money through their own single account.
Obviously, the FCA and action fraud have been notified.
UPDATE
Victims should contact the following:
Investigating police officer DC Andrew Banks, Priory Road, Hull, HU5 5SF:
Tel - 01482 578960
Email - andrew.banks@humberside.pnn.police.uk
The FCA:
tel - 0800 111 6768
email - consumer.queries@fca.org.uk - Subject Ref: Investing4you Ltd
Action Fraud can be contacted on
Tel - 0300 123 2040 - quote reference NFRC210604581914
Serious Fraud Office:
Email - public.enquiries@sfo.gov.uk - Subject Ref: Declan Nowell, Investing4you Ltd
Humberside Police intelligence
Email - FIB@Humberside.pnn.police.uk reference number 16/80853/21
Information Commissioners Office on 03031231113- to report a serious data breach
Contact your bank and inform them of a potential data breach and you have transferred money to a scam.
I would also recommend registering to a credit checking company e.g. Experian, to monitor for any suspicious credit checks/arrangements being made in your name. Remember, investing4you has all the personal information needed to clone you.
The company website clearly states they are a forex broker and they carry out trades on customers behalf. I have heard multiple stories of this company consistently doubling money every month. Early customers have received money back, and in excess of their initial deposit. The initial investment was £1,000, but I believe this has been increased to £15,000 recently. Also, two weeks ago, on their FB page, they announced they were closing the waiting list and that they had 400+ new applicants on this list, which they needed to process (£6m+).
When challenged on their regulatory status, this company confirmed that they had applied to the FCA (Financial Conduct Authority) but the application process usually takes 12 months (the company started November 2020), however, they lead customers to believe that it is still acceptable to do what they do, whilst their application is being processed.
The FCA have been contacted, and they confirmed that Investing 4 You Ltd are not on the FCA register and, to date, they have no record of this company applying for any regulated activities. Investing 4 You Ltd (and some initial investors, see below) are clearly lying to its customers and deletes posts and reviews, which confirm the above.
The initial investors (friends of Declan Nowell, director of Investing 4 you ltd) openly flash their new wealth on FB, Instagram etc to provide yet more legitimacy to their activities and are more than likely involved. Note, although this company has a website, it's client base is spread through word of mouth to friends, friends of friends etc.
Scunthorpe, is a small back water town (approx 70,000 people) so was amazed that a Ponzi scheme would consider setting up in such a place, however, it appears to be the perfect location. Away from more investment knowledgable people who tend towards the cities. The low initial entry of £1,000 has also encouraged numerous customers, who don't even a clue about what they are "investing" in. They just see their money doubling in one month (and every month after that). The real issue kicks in when these customers then add more money by getting family and friends to invest. However, account opening is limited so these customers with accounts, gather money from family and friends (who are not able to open accounts, see waiting list above) and invest this new money through their own single account.
Obviously, the FCA and action fraud have been notified.
UPDATE
Victims should contact the following:
Investigating police officer DC Andrew Banks, Priory Road, Hull, HU5 5SF:
Tel - 01482 578960
Email - andrew.banks@humberside.pnn.police.uk
The FCA:
tel - 0800 111 6768
email - consumer.queries@fca.org.uk - Subject Ref: Investing4you Ltd
Action Fraud can be contacted on
Tel - 0300 123 2040 - quote reference NFRC210604581914
Serious Fraud Office:
Email - public.enquiries@sfo.gov.uk - Subject Ref: Declan Nowell, Investing4you Ltd
Humberside Police intelligence
Email - FIB@Humberside.pnn.police.uk reference number 16/80853/21
Information Commissioners Office on 03031231113- to report a serious data breach
Contact your bank and inform them of a potential data breach and you have transferred money to a scam.
I would also recommend registering to a credit checking company e.g. Experian, to monitor for any suspicious credit checks/arrangements being made in your name. Remember, investing4you has all the personal information needed to clone you.