Mr Philip Cladic and Mr Cowley Groves

This notice is issued by the Financial Supervision Commission (“the Commission”) in accordance with the powers conferred upon it under Section 22 of the Financial Supervision Act 1988.

Mr Philip Cladic

Mr Cowley Groves

Advance Fee Fraud

The Commission has recently become aware of e-mails purporting to have been sent by the above named individual, Mr Cowley Groves.

Within these e-mails the above named individual, Mr Cowley Groves, claims to be with the company “CG Financial Services Limited, Consort House, 16 Victoria Street, Douglas, United Kingdom”.

These e-mails also refer to a Mr Philip Cladic who is stated to be the “receiving officer” based at “16 Victoria Street, Douglas,… United Kingdom”.

The e-mail gives a telephone number for the sender of +44 7031-917-950 and a fax number for the sender of +44 7040-900-618. These are not Isle of Man telephone / fax numbers.

The Commission wishes to draw attention to the following observations regarding the aforementioned e-mails:

There is a genuine holder of an Isle of Man Investment Business Licence called CG Financial Services Limited which uses the above address. Details of all licenceholders of the Commission are available on our website www.fsc.gov.im.

There is also a genuine business called Cowley Groves & Co Limited which trades under the registered Business Name of Cowley Groves and which operates from the address 18 Victoria Street, Douglas, Isle of Man.

Neither the genuine CG Financial Services Limited nor the genuine Cowley Groves & Co Limited are in any way connected to the fraudulent e-mails purporting to have been sent by a Mr Cowley Groves.

Enquiries by the Commission have established that there is no Mr Philip Cladic or Mr Cowley Groves now or formerly employed by the genuine CG Financial Services Limited or Cowley Groves & Co Limited.

Under the circumstances the Financial Supervision Commission feels that these e-mails are being issued to either tempt the recipient into becoming the victim of a so called “Lottery Scam” – a useful explanation of how such “Lottery Scams” work may be found on the following external website:

http://fraudaid.com/ScamSpam/Lottery/

OR

Are being issued to tempt the recipient into becoming the victim of an Advance Fee Fraud – see explanatory notice issued by the Commission at:

http://www.iomfsa.im/ViewNews.gov?page=lib/news/iomfsa/westafricanfraud.xml&menuid=11570)

OR

Are an attempt at gaining personal data from the recipient in order to steal their identity – see explanatory notice issued by the Commission at:

http://www.iomfsa.im/ViewNews.gov?page=lib/news/iomfsa/identitytheft.xml&menuid=11570)

Also see information issued by the Isle of Man Office of the Data Protection Supervisor at:

http://www.gov.im/lib/news/odps/yourinformationy.xml

Under the circumstances the Commission would encourage people receiving e-mails matching the above description to refrain from responding to them in any way.

Any persons who are already involved in any dealings resulting from e-mails matching the above description and have concerns should contract the Enforcement Division on +44 1624 689314 or by e-mail to [email protected].

Any person who have paid out funds in relation to e-mails matching the above description or who have provided personal financial details in relation to e-mails matching the above description should consider contacting their local police fraud unit without delay.

FSC reference: CD/02/2007