NZ FMA adds PRP Life (prplife.com) to its list of fake investment platforms
On 28 October 2026 New Zealand's Financial Markets Authority (FMA) added "PRP Life", with the website prplife.com, to its warning list of fake online investment platforms. The FMA says such platforms are not genuine i…
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Source: fma.govt.nz · published
What happened
On 28 October 2026 New Zealand's Financial Markets Authority (FMA) added "PRP Life", with the website prplife.com, to its warning list of fake online investment platforms. The FMA says such platforms are not genuine investment businesses, and it advises the public not to deal with them. The FMA's list names the platform and the website; it does not name any individuals.
How the scam works
The FMA describes how fake investment platforms operate. They find people through online adverts, unsolicited calls or group chats, then show an attractive trading website. The profits displayed on the screen are fabricated. They are designed to encourage the person to deposit more, often in cryptocurrency, which is hard to trace or recover. When the person tries to withdraw money, the platform refuses or asks for more "fees" or "taxes" before any funds can be released. Often the contact simply stops after the final payment.
The pattern is the same whether the platform claims to trade shares, currencies, commodities or crypto. A professional website, a named "account manager" and quick small withdrawals early on can make the platform seem real. Those early withdrawals are often paid from the victim's own deposit to build trust before a larger payment.
The FMA's advice is to check whether a financial provider is registered on the Financial Service Providers Register and to treat unsolicited offers of high returns with caution. The listing is a regulator's warning, not a court finding.
Source
New Zealand Financial Markets Authority, warning page "Fake investment platforms", entry for PRP Life, 28 October 2026.
Red flags
- An online platform that is not on New Zealand's Financial Service Providers Register.
- Contact through an advert, call or group chat that you did not ask for.
- Profits on screen that grow quickly, encouraging bigger deposits.
- Requests to pay in cryptocurrency.
- Refusal to pay out unless you pay more fees or taxes.
If you were targeted
- 1Check any provider on the Financial Service Providers Register before depositing.
- 2Do not pay fees or taxes to release your own money.
- 3Stop paying and keep all records, including wallet addresses and chat logs.
- 4Report the platform to the FMA and the police.
- 5Ignore anyone offering to recover your money for an advance fee.