AMF Warns against fraudulent offers to invest in the energy transition

French financial industry watchdog, Autorite des Marches Financiers (AMF), issued a warning on the 21st November 2022 against fraudulent offers to invest in the energy transition

Fake marketing brochures describe these fraudulent offers as “environmentally responsible” or “sustainable, high-potential and secure” investments, with a “high rate of return” (6% to 12% per year), that will “supercharge your savings”, sometimes in the form of “crowdfunding contracts”.

Since the beginning of the year, the AMF has received more than one hundred complaints and reports and more than fifty information requests from retail investors about this type of investment proposal. The losses reported by retail investors who have contacted the AMF after subscribing to these types of fraudulent offers are high, reaching an average of €70,000.

“There is no reality behind these fraudulent offers. Once they have transferred the funds, victims soon find that they are unable to contact the fake advisors or to get their money back.” the AMF commented in a press release.

Stay safe and do not hesitate to contact us if you have been scammed !

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