Public Notice: ARC Capital Venture Impersonation Scam
Investment scams involving criminals impersonating legitimate Australian financial services businesses are becoming increasingly sophisticated. Fraudsters may misuse company names, Australian Financial Services Licence (AFSL) numbers and publicly available regulatory information to deceive unsuspecting investors.
Titan Securities Pty Ltd (AFSL 307040) has published an important public statement concerning the unauthorised impersonation of Titan Securities and ARC Capital Venture (Australia) Pty Ltd.
The statement outlines Titan Securities' position that neither company authorised, participated in or benefited from the purported investment activities. It also refers to supporting documentary evidence, including sworn affidavits.
Importantly, the notice includes references to Australian court decisions concerning corporate impersonation, apparent authority and the legal principles that prevent unauthorised third-party impersonators from establishing corporate authority merely by misusing a legitimate company's identity or regulatory credentials.
Bullseye Investigations encourages anyone considering an investment to undertake proper independent due diligence. An AFSL number alone is not proof that the person contacting you is genuinely authorised to represent the financial services business. Always verify identities, contact the company directly using independently obtained contact details and investigate before transferring money.
Read Titan Securities' full public statement here:
Bullseye Investigations Pty Ltd – Helping Australians recognise scams, investigate suspicious activities and protect themselves against fraud and impersonation.
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