Helen's Financial Home - Advisory Warning No. 20 of 2012 (2012-10-12)

Summary

This is a public advisory warning issued by the British Virgin Islands Financial Services Commission (FSC) alerting the public to an entity called Helen's Financial Home, which has been offering loan and financial services while falsely claiming to be incorporated, licensed and regulated in the British Virgin Islands.

• Nature of scheme: Helen's Financial Home appears to be part of a fake loan advance fee fraud scheme, using classified ads on legitimate websites to offer cheap loans and requesting advance fee payments that are never followed by any loan disbursement.
• Regulatory status: Helen's Financial Home has never been registered or incorporated as a company in the British Virgin Islands and has never been licensed by the FSC to conduct financial services business in or from within the Territory.
• Public advice: Members of the public are advised to exercise extreme caution if contacted by Helen's Financial Home and are directed to an earlier general advisory warning on advance fee fraud schemes.
• Reporting: The public is invited to provide the FSC with any relevant information about this or other questionable entities purportedly operating in or from within the Territory.
• Legal basis: The FSC issued this warning under Section 4(1)(l) of the Financial Services Commission Act, 2001.