Has any one heard this company ?

snowshine

I have seen this, on searching for high return on savings.

https://apolloinvestmentgroup.co.uk/?gclid=CjwKCAiA8K7uBRBBEiwACOm4dwDAuWqlTeaWNW4myq05Kvd8jn6C7pyTup997ZmbH_RGLJ20_bUArBoCCAgQAvD_BwE

My search on Govt company registrants. There no such company registered but has another almost similar with Limited at the end of the above name l:"Apollo Investment Group Limited' . This has different registered address.

It sounds too good to be true...This is my instinct.

Does any one here heard this investment and return?

Thanks for your time on thus

Zanderman

Clean link: https://apolloinvestmentgroup.co.uk/

Looks completely dodgy to me. They claim they are "UK’S LEADING SECURED SAVINGS & INVESTMENT PROVIDER".

Sure they are!
And my other leg has bells on.

They also say "Invest in your future, earn superior returns 35%+ per year, Investments as low as £10,000, FSCS Protected up to £85,000.00"

Which is complete balderdash there are no, repeat NO, investments that return that much and none at all of this type that are FSCS protected. It's a blatant and obvious lie.

A pop-up appeared on my screen saying "Bank of Scotland 9.375% P.A, Maturity : March 2021 Next dividend 15th March 2020".

Which is, as far as I can see, also a big porky-pie. Nothing about it on the BoS site - and you'd think BoS would know.

In other words it's a scam.

Edited to add - the office addresses they give are 'rent-an-office' addresses and their website address is only 53 days old. A previous version apollo-investmentgroup.com is listed as only 73 days old but already 'suspended' if you go to it and 'prohibited' when you look at the registration.

Malthusian

Zanderman wrote: »

A pop-up appeared on my screen saying "Bank of Scotland 9.375% P.A, Maturity : March 2021 Next dividend 15th March 2020".

Which is, as far as I can see, also a big porky-pie. Nothing about it on the BoS site - and you'd think BoS would know.

The bond is real but the scammers have nothing do with it.

The idea is that you Google the bond in question, find it on the various stockmarket sites, and hand your money over to the scammers, happy that you're a savvy investor who's "done their research".

This tactic of pretending to offer genuine corporate bonds has been running for a good few months.

bowlhead99

With what they are advertising and the way they are doing it, it's a scam. There are a couple of legitimate regulated investment management businesses named Apollo and also a private limited company. Nothing with this exact name exists on the FCA register and their internet domain name was registered less than 60 days ago which shows you how longstanding and legitimate they are likely to be (they can't even decide across different parts of the page whether they are Apollo Investments Group or Apollo Investment Group or Apollo Investment).


The quotes from 'our happy investors' which are talking about 'the right investment plan' and ' growth funds' have just been lifted from another site, where they were attributed to differently-named fake customers (e.g. the quote from MITCHELL STARC, Retired General Manager, London, was on another similarly illegitimate site attributed to Margaret Fischer, California, US with a different company named instead of Apollo). The photo of 'Mitchell' is actually a photo of David Best, a professor of criminology. (https://www.rnz.co.nz/national/programmes/saturday/audio/2018679845/uk-criminologist-david-best-on-addiction-recovery-in-prisons).

It is true that there are corporate bonds which exist out there, issued by RBS, Aviva, Prudential etc at high nominal rates of interest in previous years but if you were to buy them you have to pay market rates to do so (e.g. something pays a headline 7% and matures in three years - but you have to pay £118 to buy £100 worth of it so it's only really 1% a year).

The risks on those sorts of investments are NOT covered by FSCS, whereas this website talks about offering you investments and being covered up to £85000. Then in the section where they describe what FSCS is, they tell you that the FSCS pays out in the case when a bank, building society or credit union goes out of business, which is factually correct - but FSCS covers the people who have deposits in savings or current account with the bank, not people that lend money to the bank via an investment product.

Basically this is a wholly misleading site and they are just trying to get people to pledge money to them while talking in a misleading way about products or companies that do exist, using someone else's name so that if you did a very quick Google you might not realise you were being taken for a ride, until it was too late.

snowshine

Thank you.
Should I report such to any one? Is so who could I?
Regards

eskbanker

snowshine wrote: »

Thank you.
Should I report such to any one? Is so who could I?
Regards

https://www.fca.org.uk/consumers/report-scam-unauthorised-firm is mainly geared to recipients of approaches from unauthorised firms but should also be usable for reporting those with websites promoting unregulated operations like this....

AnotherJoe

OP, You need to realise that the results of almost any such search you perform will have many, maybe predominantly, scammers and fraudsters, chancers with business schemes that on the face of it look good but underneath are a scheming pile of poo. Whatever the type of scam it will be in the results since they pay to be high up.
If there's a pop up as well, then it's as close to 100% guarantee as you can get it's a scam.
Look on reputable sites for this for best savings products. Don't search.
The likes of Google and Facebook are only concerned with advertising revenue not your well being. They might as well be scammers themselves.

snowshine

Zanderman wrote: »

Clean link: https://apolloinvestmentgroup.co.uk/

Looks completely dodgy to me. They claim they are "UK’S LEADING SECURED SAVINGS & INVESTMENT PROVIDER".

Sure they are!
And my other leg has bells on.

They also say "Invest in your future, earn superior returns 35%+ per year, Investments as low as £10,000, FSCS Protected up to £85,000.00"

Which is complete balderdash there are no, repeat NO, investments that return that much and none at all of this type that are FSCS protected. It's a blatant and obvious lie.

A pop-up appeared on my screen saying "Bank of Scotland 9.375% P.A, Maturity : March 2021 Next dividend 15th March 2020".

Which is, as far as I can see, also a big porky-pie. Nothing about it on the BoS site - and you'd think BoS would know.

In other words it's a scam.

Edited to add - the office addresses they give are 'rent-an-office' addresses and their website address is only 53 days old. A previous version apollo-investmentgroup.com is listed as only 73 days old but already 'suspended' if you go to it and 'prohibited' when you look at the registration.

It was a family member of mine asked for an opinion....I felt very suspicious and stopped from her investing, but felt asking in here as I trusted your input.

Thank you all.
You can call it the subject is resolved and closed.

MaxiRobriguez

First rule of scamming: If you have to ask is it a scam, the answer is highly likely to be yes.

Seabee42

Oh and there is a legitimate company called
"Apollo Global Management, Inc. " Which is of course nothing to do with the above.

GiddyInvestor

It is already on the FCA website. https://www.fca.org.uk/news/warnings/apollo-management-clone-fca-authorised-firm