Commissione Nazionale per le Società e la Borsa
Catalogue reference · Recorded date: 2019-07-30. Confirm the exact legal entity and current status with the authority.
Open authority reference ↗- Commercial name
- Genese Am Ltd, website www.carsana-management.com, City Group Italy banking group, websites https://doubleupgtl.eu and www.dupmania.com, B C U Trading LLC , websites https://mybet21.it and www.lonzainvestments.com
- Authority jurisdiction
- Italy
- Authority reference
- 46
- Categories
- 1
- Category details
- Unregistered/Unlicensed entity offering financial products or services
- Additional catalogue information
- Consob has ordered the company Genese Am Ltd to cease infringement of article 18 of the Italian Legislative Decree N. 58/1998 put in place via the website www.genese-am.com. Consob has prohibited, pursuant to article 99 of the Italian Legislative Decree n. 58/1998, the offer to the Italian public of investment packages/programmes called "Soluzioni x rendite automatiche” (solutions for automatic returns) promoted on the website www.carsana-management.com. Consob also reports that the supposed “City Group Italy banking group ", claims to have been entrusted by CONSOB itself to apply the regulations of an unspecified "Investor compensation fund" to recover investments lost through online trading websites, by sending email messages fraudulently using the logo and name of CONSOB and an authorised financial intermediary. Please be advised that the content of these messages is false and misleading. CONSOB, which has never authorised similar initiatives, considers that the intention to defraud investors lies behind these activities. CONSOB therefore recommends to not participate in these proposals under any circumstances and to read the section of CONSOB’s institutional called "Be aware of fraud!" and, in particular, the previous investor protection warnings regarding the phenomena of supposed credit recovery companies and so-called “clone companies”. (Consob) has prohibited, pursuant to Article 99 of the Italian Legislative Decree n. 58/1998, the offer to the Italian public concerning so-called "Active and passive doubling guarantee deposits" promoted on the websites https://doubleupgtl.eu and www.dupmania.com. The Commission, with Resolution no. 20865 of March 27, 2019, had already suspended the offer for a period of 90 days. Consob has prohibited, pursuant to Article 99 of the Italian Legislative Decree n. 58/1998, the offering to the public resident in Italy involving investments of a financial nature carried out by B C U Trading LLC in the absence of the required authorisation, including through the website www.futurenet.club and the web page https://www.futurenetclub.com/Italiano/futurenet-futurenetadpro. With resolution no. 20901 of April 18, 2019, CONSOB had already suspended the offer for a period of 90 days. Consob has also: - suspended, for a period of 90 days, pursuant to article 99 of the Italian Legislative Decree no. 58/1998, the offering to the public resident in Italy of the investment package o ‘recharge game account’ performed without the required authorisation, including through the website https://mybet21.it; - suspended, for a period of 90 days, pursuant to article 99 of the Italian Legislative Decree no. 58/1998, the offering to the public resident in Italy involving ‘loan notes’ effected in infringement of article 94 of the aforementioned legislative decree, including through the internet site www.lonzainvestments.com.
- Validation date
- 2019-07-30
- Modification date
- 2019-07-30