A fraudulent entity operating under the name of Kredit Group Finance is targeting individuals via mass emails and promoting the provision of loan services via adverts on various internet webpages.
The Malta Financial Services Authority (MFSA) has issued a warning saying that Kredit Group Finance is not a Maltese registered company nor licensed or otherwise authorised by the financial watchdog to provide any banking or financial services which require licensing under Maltese law.
Kredit Finance Group is reportedly sending mass emails to individuals from the following contact details: email address firstname.lastname@example.org and WhatsApp number +33 755931315 for further business enquiries.
The financial watchdog said that the scheme is likely to be of dubious nature with a high risk of loss of money. MFSA urged the public to refrain from undertaking any business or transactions with Kredit Group Finance.
The MFSA urged victims of scam or those who think that they have been scammed by dealing with an unauthorized entity to first stop any transactions with the entity and then contact the authority.