The South Africa Financial Sector Conduct Authority issued a public warning about individuals purporting to be associated with Visio Fund Management Pty Ltd (FSP 49566) and its former employee, Mr Tassin Meyer. The alert follows reports that a Telegram group named “Visio Fund Management”, using the profile @Leadership_Tassin_Meyer, is using Visio Fund’s FSP number and Mr Meyer’s details to promote and solicit investment in Bitcoin; Visio Fund confirmed neither it nor Mr Meyer is connected to the group, and the FSCA was unable to reach the administrators for comment. The FSCA urged the public to treat unsolicited investment or trading offers, particularly those made via social media, as potential scams and highlighted warning signs including exaggerated returns, upfront payment requirements, demands for additional payments to release investments, training fee requirements, pressure to act urgently, and vague information about the investment product. It also advised consumers to verify whether a person or institution is authorised as a financial services provider and to report suspicious activity through the FSCA’s reporting channels.
South Africa Financial Sector Conduct Authority 2025-11-20
South Africa Financial Sector Conduct Authority warns of Telegram impersonation of Visio Fund Management used to solicit Bitcoin investments
The South Africa Financial Sector Conduct Authority warned about a Telegram group falsely claiming ties with Visio Fund Management Pty Ltd and ex-employee Mr. Tassin Meyer to solicit Bitcoin investments. The FSCA stressed caution against unsolicited offers, especially on social media, and advised verifying financial services providers' authorization. Consumers should report suspicious activities through FSCA channels.