The Isle of Man Financial Services Authority issued a warning about www.niolic.com, which claims to represent Niolic Limited and to offer financial services promising investor profits through trading with AI-related bots. The Authority stated that Niolic Limited is not licensed or registered with it and cautioned that people who accessed the website may be at risk of fraud. The notice, issued under Section 30 of the Financial Services Act 2008, notes that the Authority has not established whether the purported Isle of Man-incorporated company is genuine. It reports that investors seeking to withdraw funds from the website experienced a cessation of contact and that steps have been taken to have the website taken down. The Authority also advised that those already involved should consider notifying their local police and reporting cyber concerns through the Isle of Man’s Cyber Security Centre.

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