The Financial Sector Conduct Authority (FSCA) warns the public to take caution when dealing with an entity purporting to be Fairtree Capital.
According to information received the website of the said entity advertises the provision of financial services to members of the public under the name of Fairtree Capital.
From the contents of the website, it seems that the owner or controller of the website is fraudulently attempting to lure the public into depositing funds for untoward and/or unlawful purposes.
Fairtree Capital is an authorised financial services provider with FSP number 25917. It was confirmed that the authorised Fairtree Capital do not have any affiliation with the mentioned website.
No other company is registered with the FSCA under the same name. The owner or controller of the website is unlawfully using the identity of Fairtree Capital.
The FSCA again reminds consumers who wish to conduct financial services with an institution or person to check beforehand with the FSCA on either the toll free number (0800 110 443) or on the website www.fsca.co.za as to whether or not such institution or person is authorised to render financial services.
Ms Nokuthula Mtungwa
Financial Sector Conduct Authority
Email address: Nokuthula.Mtungwa@fsca.co.za
Telephone: 012 422 2919