October 8, 2019
MSC Warns Manitobans on Vegas
Waste-to-Fuel Company
Winnipeg – The Manitoba Securities Commission (MSC) is issuing an investor alert on Aureum Energy, a company operating in Las Vegas, Nevada,as well as Manitoba and British Columbia, which claims to be in the business of converting plastic waste into fuel. Aureum has actively solicited investors in Manitoba without authorization.
“Aureum has been persistent in seeking investments from Manitobans between $10,000 and $500,000 USD for a so-called ‘Energy Project,’” says Jason Roy, Senior Investigator with the MSC. “The company was promising a 35% annual return over 21-months.”
Following an investigation, MSC is issuing an Investor Alert naming Aureum Energy Corporation, due to non-compliance with registration and disclosure requirements. A quick
check of sontilsinscrits.ca shows they have never been registered to trade securities in Manitoba. They also have never filed a prospectus with MSC.
Manitoba residents that have been solicited by Aureum should contact MSC.
“At a minimum, this is a fairly complex, high-risk investment being offered by a company working outside of compliance with securities law,” says Roy. “We advise Manitoba investors to be extremely cautious with this type of offering.”
MSC suggests potential investors follow some basic advice before they invest in any project:
· Start by checking an individual or company’s registration at sontilsinscrits.ca
· Faites des recherches sur le placement avant de vous engager.
· Recherchez les signaux d’alarme de la fraude comme des promesses de rendements élevés assortis d’un risque faible, des pressions pour investir rapidement et des détails incohérents.
· N’envoyez jamais d’argent à une personne que vous ne connaissez qu’à la suite d’un appel téléphonique ou d’un courriel non sollicité.
· Ne donnez jamais de renseignements personnels sensibles en ligne ou au téléphone.
MSC suggests investors should make sure they thoroughly understand the details and risks of a potential investment, and whether it fits with their long-term financial strategy. Even legitimate products can be high-risk, and definitely not suitable for everyone. Take time to do your homework before you invest. Start by checking an individual or company’s registration at sontilsinscrits.ca.
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.
On peut aussi visiter le site recognizeinvestmentfraud.com pour obtenir de plus amples renseignements sur les fraudes et les escroqueries courantes
La Commission des valeurs mobilières du Manitoba est une division de l’Office des services financiers du Manitoba, organisme de service spécial du gouvernement du Manitoba chargé de protéger les investisseurs et de favoriser l’équité et l’efficacité dans les marchés financiers de la province.
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