The Chile Financial Market Commission (CMF) filed a complaint with the Public Prosecutor's Office against those responsible for an alleged fraud that used the name and image of CMF Chairwoman Solange Berstein to scam potential investors. The CMF identified an entity called Harnett Logan Megan (HLM) operating via Instagram and WhatsApp that recommended buying certain local shares while using a photograph of Chairwoman Berstein. The Commission said the posts contained deceptive elements intended to mislead people into purchasing alleged local shares through HLM by falsely suggesting a link to Chairwoman Berstein and, by extension, the CMF, including the false implication that she recommended the shares.
Chile Financial Market Commission 2025-06-13
Chile Financial Market Commission files fraud complaint over scammers impersonating Chairwoman Solange Berstein on social media
The Chile Financial Market Commission (CMF) has filed a complaint with the Public Prosecutor's Office regarding an alleged fraud involving the misuse of CMF Chairwoman Solange Berstein's name and image. The entity, Harnett Logan Megan (HLM), is accused of using Instagram and WhatsApp to deceive potential investors into buying local shares by falsely implying endorsement from Chairwoman Berstein and the CMF.