MF Lending Group & Associates Plc

This notice is issued by the Financial Supervision Commission (“the Commission”) in accordance with the powers conferred upon it under Section 30 of the Financial Services Act 2008

David Duke

Mary Walter

Luke Lawson

Mark Williams

Update 8th August 2010 – http://fairbairnpbgroup.t35.com
Helen Prince
MF Lending Group & Associates Plc

The Commission has recently become aware of emails received by members of the Public purporting to have been sent by or making reference to the above named individuals.

Within the emails the above named individual, David Duke, claims to be “Director (International Banking Division), Fairbairn Private Bank”. The above named Mary Walter (purportedly connected to “Scottish Maria Financial Loan Company Corporation” – sometime mentioned in the email documentation as “Scottish Financial Loan Company Corporation”), Luke Lawson and Mark Williams are mentioned in the email correspondence in connection to advance fee payments to be made in order to access the purported “loan money”. Within the emails, reference is also made to a “Fairbairk Online Bank Plc” (sic).

The Commission wishes to draw attention to the following observations regarding the aforementioned emails:

There is a genuine holder of an Isle of Man Banking Licence called Fairbairn Private Bank (IOM) Limited. Details of all licenceholders of the Commission are available on our website www.fsc.gov.im.

Enquiries by the Commission have established that none of the above named individuals have ever now or formerly been employed by the genuine Fairbairn Private Bank (IOM) Limited. They are not genuinely associated in any way with the genuine Fairbairn Private Bank (IOM) Limited.

In the email correspondence seen by the Commission the telephone numbers and email addresses given are not those of the genuine Fairbairn Private Bank (IOM) Limited.

Fairbairk Online Bank Plc is not a company incorporated within the jurisdiction of the Isle of Man. It is not registered as a foreign company having established a place of business on the Isle of Man. It is not registered as a business name on the Isle of Man.

Fairbairk Online Bank Plc is not a holder of Isle of Man Banking Licence. It is not genuinely associated in any way with the genuine Fairbairn Private Bank (IOM) Limited.

Update – 8th August 2010

The Commission has become aware of further correspondence received. This correspondence uses the website http://fairbairnpbgroup.t35.com, the email address [email protected] and reference to a lending company called MF Lending Group & Associates Plc. None of these entities are in any way connected to the genuine Fairbairn Private Bank (IOM) Limited that operates from the Isle of Man.

Correspondence also quotes the name Helen Prince as Funds Transfer Manager. Whilst there is a genuine Helen Prince working for Fairbairn Private Bank (IOM) Limited she is in no way linked to aforementioned entities or has any connection with the listed individuals.

Under the circumstances the Commission feels that these emails are being issued to either 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 emails matching the above descriptions to refrain from responding to them in any way.

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

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

Any persons who may have any concerns as to whether or not they are dealing with the genuine Fairbairn Private Bank (IOM) Limited may wish to satisfy themselves by contacting the genuine Fairbairn Private Bank (IOM) Limited. Contact details for the genuine Fairbairn Private Bank (IOM) Limited are available on their website at:www.fairbairnpb.com

Original FSC reference CD/20/2010 - 15th June 2010
Updated FSC reference NDR/06/2010- 8th August 2010