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Email this4:36 pm
February 8, 2022
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Edit by admin: The offer (not the forum member) was determined to be a scam
Hello people,
I was doing GIC research and stumbled onto a website offering the following
3 year at 3.5%
5 year at 4.15%
I sent a request and received a phone call from them . Basically they work through UBS.
Is this too good to be true? Or a scam?
5:12 pm
February 27, 2018
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BigZim.
A "copy" "paste" of the website you mention in your post would help us out, a lot.
Whenever i stumble, i bruise like a ripe banana.
5:21 pm
October 21, 2013
Online
I'm pretty sure we had a similar post a month or so ago about the same thing.
Seems suspicious to me.
Peter?
6:59 pm
February 8, 2022
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Please check out this
http://www.gictrust.ca
He certainly sounded legit. I’m waiting for promised info
8:09 pm
April 27, 2017
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bigzim said
Please check out this
http://www.gictrust.caHe certainly sounded legit. I’m waiting for promised info
Looks fishy to me.
8:35 pm
April 6, 2013
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It is likely too good to be true.
Site TLS certificate is a Class 1 certificate that has no verification of business identity. One has no confirmation of who is behind the site.
It is not a trust company. At the bottom of the page, there is this fine print:
Disclaimer: Gictrust.ca is a marketing website which does not provide financial advice. We pass the data provided by you on the online forms to relevant third parties who will contact you in relation to fixed rate bond investments and advice on relevant products and we accept no liability and make no guarantees in this regard. We are not authorised or regulated by the Financial Consumer Agency of Canada (FCAC). Reliance on the promotion for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the investment. Investments and the income from them may go down as well as up and you may get back less than the amount you invested. As with all investments, capital is at risk. There are no fees for using this service. GIC Trust is a trading name of London Choice Investments SL, a company incorporated in Spain with its registered office at Avenida Juan Sanchis Candela 23, Alicante 03015.
A company in Spain harvesting your info to pass on who knows who.
Address is "125-720 King Street West, Suite 2000, Toronto M5V 3S5". Sounds like they have the entire 20th floor of the building!
But, Google Maps Street View of the building only shows a 10-floor building.
"125 - 720 King Street West" is actually the address of The UPS Store #287 in Unit 125 of the building. That "Suite 2000" is likely not a suite but a mailbox or a mail forwarding drop of the store.
Also, what kind of five year bonds would pay 4.15% per annum these days? Starts with letter "J". 
8:41 pm
March 15, 2019
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Just a wild guess by me. Sounds like a private lender that lends to sub-sub-prime borrowers. j = junk?
8:51 pm
April 6, 2013
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According to the UK Financial Conduct Authority regulator, the company tried something similar there in 2020: Investment Finder/Income Finder trading name of London Choice Investments.
The address "3rd Floor, 86-90 Paul Street, LONDON, EC2A 4NE" is that of virtual office provider Hoxton Mix. Wouldn't you like an London, UK address for £15.00 + tax per month?
8:55 pm
April 6, 2013
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COIN said
Just a wild guess by me. Sounds like a private lender that lends to sub-sub-prime borrowers. j = junk?
Yes, J = Junk. I don't think it is even a lender. It looks like an unregulated finder who collects finders' fees for introducing people with money to people who need money.
9:44 pm
October 21, 2013
Online
Here is the previous thread about UBS.
https://www.highinterestsavings.ca/forum/gic/ubs-bank-canada-gic-5-yr-2-9/
4:55 am
September 30, 2017
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Loonie said
Here is the previous thread about UBS.https://www.highinterestsavings.ca/forum/gic/ubs-bank-canada-gic-5-yr-2-9/
The original poster there never get back to us. Wonder if he took the red pill & gone down the rabbit hole? Or may be he is trying to warn us about a red pill.
5:15 am
February 8, 2022
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Guys,
Thanks for all your help and thorough investigation on our behalf. I am still waiting for my information that was promised by email.
I will keep you posted.
5:57 am
March 30, 2017
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Based on the rates posted, they are 100% not a GIC even if the rate is legit.
Or I should say they label it as a "GIC" but it aint really a GIC...
I would not even waste my time to investigate.
4:05 pm
February 8, 2022
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Take a look at below. Looks good to me. I am having difficulty importing the brochures.
Begin forwarded message:
From: Robert Morris
Date: February 9, 2022 at 12:25:35 PM EST
Subject: Guaranteed Investment Certificates (GICs) - UBS Bank Canada
Reply-To: r.morris@ubs-eng.com
Dear [name removed],
Below you will see the current GIC rates available to UBS Bank clients.
There is also a link to our company website below so you can familiarize yourself with UBS Bank Canada and fully understand and appreciate the value we offer our clients when choosing to work with an institution as well established as UBS Bank Canada.
Attached is an in-depth brochure regarding investing in GIC's covering everything from start to finish that you need to know when investing into a GIC.
To purchase one of our current GIC's you will be required to open an account with UBS Bank Canada. There is no charge for opening an account with UBS Bank Canada.
1 Year - Non-Registered GIC
Rate of Return: 2.5% P.A.
SGC Guaranteed Investment Certificate - Non-Registered GIC
Term Offered: 1 Year
100% principal protection - CDIC Deposit Insurance
Quarterly annually, or compounded annually and paid at maturity
2 Year - Non-Registered GIC
Rate of Return: 2.75% P.A.
SGC Guaranteed Investment Certificate - Non-Registered GIC
Term Offered: 2 Year
100% principal protection - CDIC Deposit Insurance
Quarterly annually, or compounded annually and paid at maturity
3 Year - Non-Registered GIC
Rate of Return: 3.5% P.A.
SGC Guaranteed Investment Certificate - Non-Registered GIC
Term Offered: 3 Year
100% principal protection - CDIC Deposit Insurance
Quarterly annually, or compounded annually and paid at maturity
4 Year - Non-Registered GIC
Rate of Return: 3.75% P.A.
SGC Guaranteed Investment Certificate - Non-Registered GIC
Term Offered: 4 Year
100% principal protection - CDIC Deposit Insurance
Quarterly annually, or compounded annually and paid at maturity
5 Year - Non-Registered GIC
Rate of Return: 4.15% P.A.
SGC Guaranteed Investment Certificate - Non-Registered GIC
Term Offered: 5 Year
100% principal protection - CDIC Deposit Insurance
Quarterly annually, or compounded annually and paid at maturity
Eligible deposits are automatically covered to a limit of $100,000 per insured category at each CDIC member financial institution. Members include banks, federally regulated credit unions, as well as loan and trust companies and associations governed by the Cooperative Credit Associations Act that take deposits.
Why UBS?
With over 150 years of experience in global investment management, we’ve experienced a lot of different clients and situations. We know how important it is to respond quickly to market events to protect and grow your money. Our aim is to become a reliable partner who really understands you, and who’ll be there for you long term. You need more than just a bank. You need a companion to help you through all of life's ups and downs.
--
Best regards,
Robert Morris
Senior Investment Banker
Bonds & GICs | UBS Bank Canada
(437) 889 - 0795
154 University Ave #800, Toronto, ON, M5H 3Z4
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For information on how UBS processes and keeps secure your personal data, please visit our Privacy Notice at https://www.ubs.com/global/en/legal/privacy.html
4:50 pm
April 6, 2013
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bigzim said
Take a look at below. Looks good to me. I am having difficulty importing the brochures.Begin forwarded message:
From: Robert Morris
Date: February 9, 2022 at 12:25:35 PM EST
To: …
Subject: Guaranteed Investment Certificates (GICs) - UBS Bank Canada
Reply-To: r.morris@ubs-eng.com…
Robert Morris
Senior Investment Banker
Bonds & GICs | UBS Bank Canada(437) 889 - 0795
154 University Ave #800, Toronto, ON, M5H 3Z4
…
Looks like a scam to me.
Why would an UBS Canada banker be receiving UBS Canada business e-mail via a strange ubs-eng.com e-mail address? I would expect he would have a ubs.com or ubs.ca e-mail address.
That weird ubs-eng.com domain was registered through a Hong Kong domain registrar to someone in Haiti!
Domain name: ubs-eng.com
Registry Domain ID: 2671873148_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.eranet.com
Registrar URL: http://www.eranet.com
Updated Date: 2022-01-31T00:00:00Z
Creation Date: 2022-01-31T01:43:26Z
Registrar Registration Expiration Date: 2023-01-31T00:00:00Z
Registrar: ERANET INTERNATIONAL LIMITED
Registrar IANA ID: 1868
Registrar Abuse Contact Email: support@tnet.hk
Registrar Abuse Contact Phone: +852.39995400
Reseller:
Domain Status: clientTransferProhibited http://www.icann.org/epp#clien.....Prohibited
Registry Registrant ID: REDACTED FOR PRIVACY
Registrant Name: REDACTED FOR PRIVACY
Registrant Organization: REDACTED FOR PRIVACY
Registrant Street: REDACTED FOR PRIVACY
Registrant City: REDACTED FOR PRIVACY
Registrant State/Province: Australian Capital Territory
Registrant Postal Code: REDACTED FOR PRIVACY
Registrant Country: HT
Registrant Phone: REDACTED FOR PRIVACY
Registrant Phone Ext: REDACTED FOR PRIVACY
Registrant Fax: REDACTED FOR PRIVACY
Registrant Fax Ext: REDACTED FOR PRIVACY
Registrant Email: http://www.tnet.hk/whois/messa.....tact=Owner
5:00 pm
April 14, 2021
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That's some pretty fine sleuthing, Norman1!
Thanks for doing it.
5:28 pm
October 21, 2013
Online
Country Code HT stands for Haiti.
The rates advertised, if they exist at all, are probably not in Cdn dollars.
The "eng" could conceivably stand for "English" as the UBS site allows French also.
5:36 pm
May 15, 2007
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I have now seen the brochures. I am sure this is a scam. I have marked the thread accordingly.
Please write your comments in the forum.