Bulgaria’s Financial Supervision Commission (FSC) has issued a fraud warning after receiving notification from Danish regulators that scammers are impersonating ArthaScope Kapitalforvaltning A/S, a licensed Danish asset management firm, to solicit investments from Bulgarian citizens.
- Fraudulent Method: Bulgarian nationals organizing in-person meetings with potential investors under false pretenses
- Cloned Website: Domain registered as “ArthaScope — Extend your business across Europe”
- Legitimate Company’s Official Site: ArthaScope | Din formue i godt selskab
- Jurisdiction: Regulated by the Danish Financial Supervisory Authority
The scam operates by hosting meetings where fraudsters present themselves as representatives of the legitimate Danish firm to discuss fabricated investment opportunities. ArthaScope Kapitalforvaltning A/S has categorically denied any involvement, stating it maintains no operations, branches, representatives, or authorized agents in Bulgaria. The company has no affiliation with the individuals behind the scheme or the fraudulent website.
The FSC advises investors to verify the legitimacy of any investment entity through official regulatory databases before committing funds. Verification can be performed via the FSC website at www.fsc.bg or through the European Securities and Markets Authority (ESMA) databases and registers. The regulator urges anyone who has been contacted by the fraudsters to cease all communication immediately and report suspected criminal activity to the Bulgarian Ministry of Interior or the FSC.
Bulgaria’s Financial Supervision Commission is the country’s primary financial regulator responsible for overseeing capital markets, investment firms, and asset managers.
