18th January 2012
This notice is issued by the Financial Supervision Commission (“the Commission”) in accordance with the powers conferred upon it under Section 30 of the Financial Services Act 2008
The Financial Supervision Commission has become aware of the above website.
The website claims to offer wealth management solutions for individuals over a range of financial products with unrealistic promised rates of return.
The majority of the website appears redundant except for the area of “Unique Financial Solutions”.
Text within the website states that, purportedly, “Athena VII is a private investment vehicle offering clients income generation. Athena VII is governed by Isle of Man law and shall be subject to the provisions of the law on Securitisation and the Law on Trusts and Fiduciary Contracts. Athena VII shall be managed by SD Consultants Ltd, registered in the Isle of Man”.
The Commission wish to make it clear that there is no private investment vehicle by the name of Athena VII being managed from the Isle of Man. Also, there is no company by the name of SD Consultants incorporated in the Isle of Man nor is there any such registered business name in the Isle of Man or foreign company of that name registered as having established a place of business in the Isle of Man.
A list of all institutions licensed by the Commission is available on our website at www.fsc.gov.im.
Details of all companies incorporated in the Isle of Man can be found at the website of the Isle of Man Government’s, Department of Economic Development at http://www.gov.im/ded/pvi/pvi_fr.html
Under the circumstances, the Commission would strongly urge persons considering dealing with this potentially fraudulent entity to exercise the greatest possible caution before proceeding, bearing in mind the contents of this public notice.
The Commission feels that any person accessing this fraudulent website may potentially become the victim of an Advanced Fee Fraud – see explanatory notice issued by the Commission at:
It may be an attempt at gaining personal data from the recipient in order to steal their identity – see explanatory notice issued by the Commission at:
Also see information issued by the Isle of Man Office of the Data Protection Supervisor at:
Any persons who have paid funds in connection to the above website should contact their local Police Fraud Unit without delay.
Any persons who are already involved in any dealings with the above website and have concerns should contact the Enforcement Division on +44 1624 689311 or by e-mail to email@example.com.
FSC Reference: NR/02/2012