Investors urged to steer clear of counterfeit Porsche stocks
Heads Up! Germany's Securities Regulator Warns About Bogus Porsche Shares - Here's the Skinny
Brace yourselves, investors! Germany's securities watchdog, BaFin, has issued a warning about nonexistent Porsche shares peddled with a phony ISIN. The culprit behind this deception, allegedly IBA Consulting & Trading GmbH, stationed in Duisburg, is apparently offering these bogus shares without the necessary paperwork. Avoid those shares with the ISIN NET0000POR91 like the plague, as they have no connection to Dr. Ing. h.c. F. Porsche AG.
BaFin wasn't pulling any punches back in October when they warned about similar phantom Porsche shares: "Operators of sparclub24.com, nestled in Düsseldorf, are pushing alleged pre-market shares of Dr. Ing. h.c. F. Porsche AG (short: Porsche AG). The Financial Supervisory Authority of Germany (BaFin) sternly cautions that pre-market offerings for these shady shares are unlawful and have no ties to Volkswagen AG or any of its entities."
This appears to be the latest con in a series of them: "Recently, we've witnessed a surge in fraud attempts involving shares from renowned companies. Once you pay up, the shares vanish, and the perpetrators become as elusive as a will-o'-the-wisp," BaFin elaborated.
Financial Chicanery - A Red Flag
The CEO and the majority stakeholder of the publisher Boersenmedien AG, Mr. Bernd Foertsch, holds significant investment stakes in the instruments mentioned in this article, which could potentially benefit from the financial movements triggered by our coverage – namely, Porsche AG.
With the lacking evidence to substantiate a "fake Porsche shares" scam in the available search results, it's advisable to investigate these claims further through BaFin's website or other credible financial resources. Keep an eye on financial news outlets, and consult websites dedicated to consumer protection and financial advice, like Anwalt.de, for updates on current scams and the necessary precautions. In case you suspect a scam or have been ensnared, don't hesitate to contact local law enforcement or consumer protection agencies for assistance.
- Be cautious of the false Porsche shares being peddled by IBA Consulting & Trading GmbH in Duisburg, as they have no legitimate connection to Dr. Ing. h.c. F. Porsche AG.
- BaFin previously warned about similar unlawful pre-market Porsche shares in October, which claimed ties to Volkswagen AG.
- In light of the increase in fraud attempts involving shares from prominent companies, it's crucial to verify claims through BaFin's website or other credible financial resources before investing.
- If you encounter a potential scam or have already been involved, seek help from local law enforcement or consumer protection agencies.
