New Zealand FMA Warns of Recovery Scam Linked to Endowment 65 Program

The Financial Markets Authority (FMA) of New Zealand has issued a warning over reports that participants in a scheme called the Endowment 65 Program (E65) are being targeted by advance‑fee scams.

An individual told the FMA they were approached by a party claiming to facilitate payouts from the original E65 scheme. The victim was instructed to make upfront cryptocurrency payments to process the supposed payout.

The regulator cautions anyone contacted about “E65 payouts” to remain vigilant:

• Do not send money or share personal information
• Verify who you are dealing with before taking any action
• Be alert to requests for upfront fees, especially in cryptocurrency

Scam Indicators

The website endowment65.com currently displays “is in development,” after previously appearing to abscond with investor funds.

A Telegram account @E‑65 Project claims to be a law firm processing the E-65 Project payouts, but the FMA warns this is likely fraudulent.

Evidence suggests a coordinated scam: first siphoning investor funds through the E65 scheme, then attempting recovery fraud by soliciting new payments.

BrokersView Reminder

Recovery scams often follow the collapse of fraudulent investment schemes, and in many cases, the same scammers are behind both. Never trust unsolicited offers to recover lost funds. 

If you are uncertain whether you are facing a scam, use BrokersView’s Ask a Question before taking any action.