SA FSB issues fraud alert on Crown Finance, Crowdfunding Ltd

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The South African Financial Services Board, FSB, has issued a warning to the public against Crown Finance Inc., the company was said to be parading itself ‘as a registered credit rating agency’

The FSB said Crown Finance Inc. was also ‘contacting people with the aim of offering financial services.

The FSB said in a definitive statement that:

‘The Financial Services Board (FSB) warns the public against conducting financial services business with this company as it is not a registered Credit Rating Agency and is not an Authorised Financial Services Provider’.

‘The FSB again reminds those who wish to conduct financial services with an institution or person to check beforehand with the FSB’, the FSB said.

The FSB also warned the investing public against a certain Crowdfunding Ltd.

The FSB said:

Crowd Funding Ltd is not a registered Credit Rating Agency and is not an Authorised Financial Services Provider.
It has been brought to the Registrar of Credit Rating Agencies attention that Crowd Funding Ltd is advertising itself as a registered credit rating agency and it is contacting people with the aim of offering financial services.

The FSB reminds those who wish to conduct financial services with an institution or person to check beforehand with the FSB

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