A criminal syndicate is impersonating Citadel Investment Services through a Telegram group named Citadel Investment Services and creating fake profiles of key Citadel people. This scam aims to solicit funds illegally from investors by promising unrealistic returns.
Important facts:
- These individuals are not authorised under the Financial Advisory and Intermediary Services Act of 2002 to provide financial advice or services.
- Citadel Investment Services is not associated with this Telegram group or any fake profiles.
- The impersonators are using Citadel’s logo and images of key people taken from social media platforms.
Our response:
- We have notified the Financial Sector Conduct Authority of South Africa.
- We strongly warn the public against engaging with these fraudulent accounts.
Please note:
- Citadel will never communicate investment opportunities or bank details via Telegram or any messaging platform.
- All investment advice follows a thorough due diligence process, including a cash-flow analysis, and requires a signed investment mandate.
Citadel Investment Services is licenced by the Financial Sector Conduct Authority of South Africa as a financial services provider. All Citadel advisors are Certified Financial Planners® and registered with the Financial Planning Institute.
The financial well-being of our clients remains our highest priority. Should you have any questions, please contact your Citadel advisor.