The website quantumgroupfunds.com claims to represent “Quantum Group of Funds”, a subsidiary of Soros Fund Management.
Representatives of Quantum are cold-calling investors claiming to be offering shares in AirBNB (currently privately owned by its founders and venture capital firms).
Quantum Group of Funds does exist, but the website quantumgroupfunds.com is nothing to do with it. It was only registered in February 2019, despite the real Quantum being in existence for 45 years.
The real Quantum Group of Funds closed to outside investors in 2011, and even before then only catered to very wealthy investors, and did not go around cold-calling random retail investors about IPOs.
Being a private hedge fund which mainly manages the Soros family’s private wealth, the real Quantum has no public web presence – which has allowed the clone scam to appear more convincing, because there is not a real website to compete with it on Google.
How safe is Quantum Group of Funds?
In addition to falsely claiming to be selling AirBNB shares, Quantum offers various other bullshit investments including a “Crypto-Currency Hedge Fund” which has returned 15,152.07% since inception and an “Event-Driven Hedge Fund”.
None of these investments exist. In both the above cases, all Quantum has done is copy and paste some graphs from Eurekahedge, which show the performance of baskets of cryptocurrencies and other assets, not actual funds that anyone has invested in. (The 15,000% return comes from measuring the leap in the price of Bitcoin since 2013.) In some places it hasn’t even bothered to find/replace Eurekahedge’s name.
As and when AirBNB does IPO, investors will be able to buy shares after the IPO takes place, via any regulated investment platform that allows access to the US market (or wherever it lists). Until the day it goes public, shares will only be available to institutional investors. Anyone who contacts you out of the blue offering to sell you AirBNB shares is a scammer.
Who are Quantum Group of Funds?
Quantum’s website was anonymously registered and no corporate details are provided.
Quantum names a “Samuel Belmont” as Chief Executive Officer who almost certainly does not exist.
What should I do if I invested in Quantum Group of Funds?
Your money has been stolen by scammers and the chance of recovery is minimal.
Investors who fell for this scam should change their contact details as they are likely to be targeted by – and fall for – similar scams in the future.
If anyone contacts you claiming they can recover your money, it is almost certain to be another scam. They will ask you for “legal fees” or similar which you will never see again.