SEOUL, South Korea, Jan. 26, 2017 /PRNewswire/ -- Rothschild & Co, one of the world's leading independent financial advisory groups, wishes to warn the general public against the apparent spread of a fundraising scheme calling itself "Rothschild Family LCF Project", "LCF Coins" or "LCF Cryptocurrency". This scheme purports to be a fund for investment in relation to virtual currencies and the "Internet of Things" and to pay out money in tranches based on the time people invested. The fundraising scheme is believed to be unregulated in any country.
From the information available to Rothschild & Co, this scheme has been propagated by unknown individuals for several months through the internet and social media platforms in Asia, including the mobile community application BAND in Korea.
Neither Rothschild & Co nor any members of the Rothschild family have any connection with this fundraising scheme. Rothschild & Co has taken various steps to draw the attention of the public in Asia to the fact that this fundraising scheme is misappropriating the "Rothschild" name without authorisation, and continues to offer co-operation with the authorities.
About Rothschild & Co
With a team of c.2,800 talented financial services specialists on the ground in 40 countries across the world, our integrated global network of trusted professionals provide in-depth market intelligence and effective long-term solutions for our clients in Global Advisory, Private Wealth, Asset Management, and Merchant Banking. Rothschild & Co is family-controlled and independent and has been at the centre of the world's financial markets for over 200 years.
Rothschild & Co is a French partnership limited by shares (société en commandite par actions) with a share capital of EUR142,274,072. Paris trade and companies registry 302 519 228. Registered office: 23 bis avenue de Messine, 75008 Paris, France. Rothschild & Co is listed on Euronext in Paris, Compartment A - ISIN Code: FR0000031684.
