18 November 2022
- ASIC is alerting investors about an entity named 鈥榁alidus鈥�, which is offering a suspicious investment 鈥榦pportunity鈥� through the websites: https://teamvalidus.com; https://teamsvalidus.com/; https://validus-team-official.com/ and https://www.validus.click/start-validus, as well as their Facebook Group 鈥榁alidus Australia鈥�.
- The operators of Validus do not have an Australian financial services (AFS) licence.
- Do not deal with, or transfer money to this entity.
Background
Validus is promoting investments to Australians that promise a 300% return. These returns are alleged to be generated by professional traders who trade in crypto, forex and other financial products using pooled funds.
Why ASIC is concerned
- Validus appears to be operating a financial services business in a manner that is likely to attract Australians to invest in its financial services. However, it is not licensed to provide financial services in Australia, which means customers will not be protected when things go wrong.
- The returns promised by Validus are unrealistic. Treat exorbitant rates of return with extreme caution.
- Validus accepts crypto-assets as payment. Consumers do not have the same protections as they would if they paid by other means, such as transferring funds to an Australian bank account.
- Validus encourages investors to recruit new investors into the 91AV. This is a classical sign of a pyramid 91AV.
What to do if you have invested through Validus
- Do not send any more money.
- Report it to your financial institution. If you are not happy with your financial institution鈥檚 response, you can make a complaint to the聽.
- Be wary of secondary scams听辞谤 money recovery services that may offer to help you get your money back for a fee.
- 颁辞苍迟补肠迟听,聽a free government-funded service, which can help to develop a specific response plan if your identity has been compromised. IDCARE will never contact you out of the blue.
- You do not need to lodge a report with ASIC as we have sufficient information at this stage. ASIC is unable to assist in recovering your money.
- Be aware that some firms may give out other details or change their contact details over time to new email addresses, website addresses, telephone numbers or physical addresses.
For more detailed steps, see .
For further information about investment scams visit聽聽website which includes checks that can be undertaken to see if an investment offer is genuine. However, keep in mind that these checks do not guarantee the legitimacy of a product.
Further support
If you need someone to talk to, contact:
- Lifeline on 13 11 14 (24 hours) or their crisis support聽听辞谤
- Beyond Blue on 1300 22 46 36 (24 hours) or their聽
If you are experiencing problems with debt, contact:
- the National Debt Helpline on 1800 007 007 (Monday to Friday 9.30am to 4.30pm) or聽
Related links
- The Financial Markets Authority has issued a warning that Validus has been operating in New Zealand in breach of their financial markets legislation ().
ASIC is Australia鈥檚 corporate, markets and financial services regulator.