Warning - Caution regarding GetEasy and iGetMania investment program
Monday, January 26, 2015
Montréal – The Autorité des marchés financiers (“AMF”) is cautioning investors in Québec about an investment program connected to the Portuguese firm GetEasy Limited and the British firm iGetMania Limited. Their investment products are tied in particular to the leasing of global positioning equipment and are promoted via conferences, the web and social media.
Through membership programs, members of GetEasy and iGetMania can subscribe to packages (or “packs”) via the Internet. The investment helps finance the acquisition of global positioning equipment for leasing by the firm. Revenues are shared between investors and the firm, and investors are not required to handle any management matters. In turn, investors are urged to recruit two other members and thereby create two teams. New members are then encouraged to recruit two other members each, and so on. Revenue is distributed based on the activity generated by members of each team by way of bonuses, commissions and a point system. Members are lured by promises of hefty profits.
The AMF wishes to inform investors that GetEasy and iGetMania have not filed a prospectus and are not registered with the AMF in any capacity. Investors should therefore be very cautious with investment offers from these firms since they might incur losses for which remedies are highly restricted or non-existent.
The AMF is closely monitoring this matter and will take any measures deemed necessary in the event of violations under the laws it administers.
Reminder to investors
If you believe you have been defrauded through an investment related to GetEasy or iGetMania, we urge you to contact the AMF Information Centre.
The Autorité des marchés financiers (“AMF”) is the regulatory and oversight body for Québec’s financial sector.
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