Chile Financial Market Commission warns about fraudulent loan offers and files complaints against seven entities

The Chile Financial Market Commission (CMF) issued a public alert about entities offering loans online and via messaging while falsely claiming to be supervised by the CMF and requesting advance payments for loans that never materialise. Seven cases have been reported to the Public Prosecutor’s Office through complaints for alleged fraud. Information gathered by the CMF’s Investigation Unit links the activity to an impersonator of Administradora Río Claro S.A. operating through WhatsApp, an impersonator of Administradora Pasteur Dos S.A. operating through WhatsApp, Segura Corp Chilena (also known as CoorpChilena Segura) operating through seguracorpchilena dot cl, an impersonator of Cooperativa Coonfia operating through cooperativaconfia dot com, ChileCoop operating through chilecoop dot com, an impersonator of Eloy Corredora de Bolsa de Productos operating through eloycredito-cl dot com, and Cooperativa Greenstone operating through greenstone-cl dot com. The CMF also pointed the public to its website’s Fraud Alerts Page, which can be used to verify whether an entity or person offering financial products or services is supervised by the CMF and to review alerts on unregulated entities or activities issued by the CMF and foreign regulators.