Affected entity: Various entities (under investigation)
FCIC warns of a fraudulent promissory note scheme targeting retirees with promises of guaranteed high returns.
Multiple reports have been received regarding a scheme involving fraudulent promissory notes marketed to retirees. The scheme promises guaranteed monthly returns of 8-12% and claims backing by a 'government insurance fund.' These claims are false. Investors should exercise extreme caution.
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The Financial Conduct & Integrity Commission (FCIC) is an independent, non-governmental organization. FCIC is not affiliated with, endorsed by, or connected to any U.S. federal or state government agency, including but not limited to the Department of the Treasury, the Securities and Exchange Commission, the Department of Justice, the Federal Reserve, or any federal or state court. Any reference to government agencies on this website is for informational context only and does not imply endorsement, partnership, or governmental authority.
