LoveChildren Charity & Orphanage/Construction Bank

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.

The Commission has recently become aware of correspondence received by members of the public purporting to have been sent on behalf of the above entity, LoveChildren Charity & Orphanage.

Within the correspondence it is claimed that the above named charity has an address of 17 St Georges Street, Douglas, Isle of Man, IM1 1AJ, United Kingdom. While there is a St Georges Street in Douglas we can confirm categorically that the above entity is not located on this street and that in fact this address is at this time a “vacant lot”.

The correspondence states that the late founder of this charity, who died in 2003, has no beneficiaries and that the Director of this charity has been asked to “conduct a standard process investigation and to provide the beneficiary to our late founder since he was a foreigner I will need your help on this process with the Bank here” (sic). It also states that “This involves private funds deposited in a foreign currency account with Construction Bank, the bank contacted me a month ago as the director of this foundation and a trustee to recommend a next of kin to the funds since he (Our Late founder) died intestate and nominated no successor in title over the fund deposit made with the bank amounting to (Seven Million Pounds).”

LoveChildren Charity & Orphanage is not a Registered Charity on the Isle of Man. An index of Registered Charities on the Isle of Man can be found at:

http://www.gov.im/registries/courts/charities/index.xml

Construction Bank is not licensed by the Commission to undertake any regulated activity in or from the Isle of Man. A list of all institutions licensed by the Commission is available on our website at www.fsc.gov.im

The Commission wishes to draw attention to the following observations:

The above entities are not companies incorporated within the jurisdiction of the Isle of Man. They are not registered as foreign companies having established places of business on the Isle of Man. They are not registered as business names on the Isle of Man.

The Commission has established no association between the above entities and any genuine Isle of Man companies.

The Commission has established no genuine links between the above entities and the Isle of Man.

The telephone number used in the e-mails is not a genuine Isle of Man telephone number.

Under the circumstances the Financial Supervision Commission feels that this correspondence is 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

Is 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 correspondence matching the above description to refrain from responding to it in any way.

Any persons who are already involved in any dealings resulting from the above correspondence and have concerns should contact the Enforcement Division on +44 1624 689314 or by email to fsc@gov.im.

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

FSC reference: CD/06/2009