We are concerned that Ashbourne Wealth Management may be operating a scam. Ashbourne Wealth Management is a fake online investment platform, which tricks investors into laundering fraudulent funds.
How the scam works
- Ashbourne Wealth Management posts advertisements on social media, encouraging victims to invest.
- The victim’s small initial investment quickly grows to large profits.
- Ashbourne Wealth Management tells the victim they will need to pay a large upfront fee to withdraw their profits.
- When the victim is unable or unwilling to pay, Ashbourne Wealth Management offers to pay the fees for the victim.
- The victim receives funds into their bank account from a third party who is the victim of a recovery room scam.
- The victim is then instructed to forward the funds received to Ashbourne Wealth Management to pay for the withdrawal fees.
- The victim has unknowingly become a money mule for Ashbourne Wealth Management.
We recommend caution when dealing with any person or entity that operates the same or similar ways described above. If a person or entity asks you to receive funds and instructs you to pay them on to a third party, exercise extreme caution. These are warning signs that the entity may be operating a money mule scam.
Ashbourne Wealth Management is not registered to provide financial services in New Zealand. Always check whether a financial service provider is registered on the Financial Service Providers Register (FSPR) before accepting an offer of financial services.
Websites: ashbournewm.org; www.ashbournewm.io; ashbournewm.com
Emails: [email protected]; [email protected]; [email protected]; [email protected]
