Capital Markets Board issues fraud warning to fund investors

The Capital Markets Board (CMB) has issued an official warning against fraudsters approaching investors in liquidated or suspended funds with promises of acting as intermediaries in payment processes.

The Capital Markets Board (CMB) has drawn attention to recent fraud attempts targeting individuals with investments in funds decided to be liquidated, as well as funds suspended from trading on the Turkey Electronic Fund Trading Platform (TEFAS) and through distribution channels outside TEFAS. It was determined that investors were contacted via phone, text message, and social media, and attempts were made to obtain benefits under the guise of mediating payment processes, accelerating payments, or providing priority.

In the statement made by the CMB, it was emphasized that payment processes regarding these funds are carried out exclusively by authorized institutions within the framework of relevant legislation. It was reported that requesting any fee, commission, or expense from investors, or asking for identity or bank details during this process is out of the question. The Board stated that official announcements should be followed for up-to-date and accurate information regarding payments.

Investors encountering fraudulent attempts were urged not to credit individuals and organizations demanding benefits under the claim of providing mediation or priority in payment processes. The institution announced that in the event of encountering such situations, it is important to apply to law enforcement units or Chief Public Prosecutor's Offices.