German BaFin Warns Against FGI Finance Investment And Wealth Management Scheme!

BaFin warns against FGI Finance investment scheme
Spread financial intelligence

The German financial supervisory authority BaFin warns that FGI Finance a/k/a Itia Invest offers consumers shares and other financial instruments without having a permit. FGI Finance presents itself as an asset manager with an address in Hamburg, Germany, and other addresses in the United Kingdom, the U.S., and Panama. FGI FINANCE UK LLP, part of the FGI Worldwide LLC group of companies, allegedly operates the scheme. Stay far away!

Key Data

Trading namesFGI
FGI Finance
Financial Group International
ITIA Invest
Scam activityInvestment scheme
Legal entityFGI Finance UK LLP
FGI Worldwide LLC
FGI Worldwide Holdings LLC
JurisdictionsUnited Kingdom
United States
Contact data+(44) 2045790020
+(49) 40 228 513 12
[email protected]
Related individualsDavid DiPiero (LinkedIn)
Payment optionson request

Short Narrative

FGI Finance is operated by FGI Finance UK LLP, registered in the UK. The partners of this entity are FGI Worldwide LLC and FGI Worldwide Holdings LLC, registered in Delaware. FGI bills itself on the U.S. side as a Global Leader in Commercial Finance.

New York-based David DiPiero serves as chairman and CEO.

According to BaFin, there has recently been an increase in reports of attempted fraud in which shares in well-known companies are offered for subscription. However, these shares are not delivered after payment by the buyers, and the providers can no longer be contacted.

Report Scams

If you have any information about FGI Finance, its operators, and its facilitators, please let us know via our whistleblower system, Whistle42.

Leave a Reply

Your email address will not be published. Required fields are marked *