Aragon Currency Management warning

CONSUMERS have been warned against investing funds through an organisation called Aragon Currency Management.

ASIC executive director consumer protection Peter Kell said Aragon had recently run radio advertisements offering people the chance to obtain high returns through investments in foreign currencies – particularly the euro.

"If you’ve sent any money to Aragon, we urge you to contact ASIC through our Infoline on 1300 300 630," he said.

"Aragon appears to be based in Florida, USA. It doesn’t have an Australian licence to offer investments, financial advice or any kind of financial product and without that licence Aragon may be breaching Australian law.

"Any Australian who sends money to this company won’t be protected under law if something goes wrong."

ASIC has publicly named Aragon Currency Management on its blacklist of overseas organisations that have targeted Australians.

Add your comment

BNIQ sponsored byECU School of Business and Law


6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
10th-The University of Notre Dame Australia6,708
47 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer