Impersonation of Coastal Capital Limited (coastalcapitalimited.com and others)

What Is This Scam?

This scam involves fraudsters operating fake websites that impersonate Coastal Capital Limited, a legitimate Australian financial services company. The scammers create near-identical websites and use spoofed email addresses to deceive consumers into believing they are communicating with the real Coastal Capital Limited. The primary objective is to trick victims into transferring money, providing personal financial information, or investing funds under false pretenses.

The scam targets individuals seeking investment opportunities or financial services. Victims are typically contacted through fraudulent emails or directed to counterfeit websites where they are convinced to deposit money or share sensitive banking details. Once the fraudsters obtain access to funds or personal information, they either steal the money outright or use the data for identity theft and further financial crimes.

Who Are They Impersonating?

The legitimate company being impersonated is Coastal Capital Limited, an Australian financial services provider. The real Coastal Capital Limited is properly regulated and licensed in Australia.

• Company Name: COASTAL CAPITAL LIMITED
• ACN (Australian Company Number): 061 336 445
• AFSL (Australian Financial Services Licence): 000247036
• Regulatory Authority: Australian Securities and Investments Commission (ASIC) via moneysmart.gov.au

Consumers should verify any communication claiming to be from Coastal Capital Limited by checking these official licence details through the legitimate regulator rather than trusting contact details provided in unsolicited communications.

Evidence & Regulatory Action

This impersonation scam has been formally identified and documented by Australian regulatory authorities. According to the ASIC investor alert list on moneysmart.gov.au, the impersonation of Coastal Capital Limited was officially reported on 24 October 2025 and classified as an "Imposter" fraud.

The fraudulent websites operate under multiple domain variations including coastalcapitalimited.com, accountcoastalcapital.com, and bankingcoastalcapital.com. The scammers also use the fake email address [email protected] to communicate with victims. This multi-domain approach is a common tactic used by fraud operators to maximize reach and evade takedown efforts.

The scam has also been documented on the Cloned Firm Registry, which tracks unauthorized websites impersonating legitimate financial services companies. This cross-regulatory documentation confirms the threat is both widespread and actively monitored by consumer protection agencies.

Red Flags

• Unsolicited contact via email or phone offering investment opportunities or financial services
• Requests to transfer money or provide banking details before establishing a verified relationship
• Website URLs that are similar but not identical to the legitimate company domain
• Email addresses that closely mimic but do not exactly match official company addresses
• Pressure to act quickly or invest immediately without proper due diligence
• Requests for payment via wire transfer, cryptocurrency, or other irreversible payment methods
• Poor quality graphics, spelling errors, or unprofessional website design
• Offers that seem unusually high-return or guaranteed to perform

What To Do If You Have Been Contacted

If you have been contacted by someone claiming to represent Coastal Capital Limited, take the following steps:

• Do not click any links in unsolicited emails or messages
• Do not provide personal information, banking details, or payment information
• Independently verify the contact by visiting the official moneysmart.gov.au investor alert list to check if the company is flagged
• Report the fraudulent email address and website to ASIC and your email provider
• If you have already sent money, contact your bank or financial institution immediately
• File a report with the Australian Cyber Security Centre or local law enforcement
• Monitor your financial accounts for unauthorized activity