The Belgium Financial Services and Markets Authority (FSMA) issued a public warning that Aaron Venture Capital (aaronventurecapital.com) and Aurora Capital Venture (auroracapitalventure.com) are not authorised to provide investment services in Belgium and may be operating as boiler rooms. The FSMA advised consumers not to respond to offers from these firms and not to transfer funds to any accounts they reference. The FSMA described boiler room fraud as unsolicited approaches, often by phone, promoting shares or other financial products via professional-looking websites, with pressure to make escalating investments and additional payments to access withdrawals. It reiterated precautionary steps including verifying a firm’s identity and authorisation via the FSMA’s published lists, checking warnings from the FSMA, foreign supervisors and the International Organization of Securities Commissions, and being wary of cold calls, disproportionate return promises, transfer requests to unrelated jurisdictions (often accounts in Asia), “cloned firms”, and demands for extra payments or purported taxes as a condition for payout.

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