What happened
Italy's market regulator Consob announced on 12 November 2026 that it ordered the blocking of five websites it says were unlawfully providing investment services relating to financial instruments. This report covers "Gammance": the website www.gammance.com and the page https://webtrader.sleefe-knetium.com. Consob says Italian internet providers are in the process of blocking access, which may take a few days, and urges savers to check that any operator is authorised before investing. Source: https://www.consob.it/web/consob-and-its-activities/w/watch-out-for-scams-illegal-financial-activities-consob-blocks-5-websites-press-release-of-12-november-2026
How the scam works
Unlicensed investment and 'AI trading' sites usually start with a polished sign-up form, a promised high or guaranteed return, and pressure to deposit quickly, often after a call or a message on Telegram. Early small withdrawals may be paid so that you send more. Clone firms copy the name, and sometimes the address or phone number, of a real authorised business. Check the firm on your national regulator's register, and type the official website yourself rather than following a link. A regulator warning or a block order is not a finding that a particular customer lost money; it is a notice that the site is not authorised to offer those services.
If a message, a page or a caller creates urgency about money, a login or a legal threat, pause and check the claim through a contact method you already trust. Keep screenshots, reference numbers and the exact addresses or phone numbers you were given, and tell your bank early if money has already left the account. Official brands and authorised firms named in a lure are not involved unless a primary source says otherwise.
Source
Source: https://www.consob.it/web/consob-and-its-activities/w/watch-out-for-scams-illegal-financial-activities-consob-blocks-5-websites-press-release-of-12-november-2026
