Acetop - Hong Kong's financial regulator FSC warns

The supposed online broker Acetop claims to be an impeccable platform for online trading. However, there is a lot of information that Acetop is not above board. Reports from traders about Acetop are piling up, talking about telephone terror, rip-offs and investment fraud. All investors lost their money invested with Acetop. Doubts are announced. Meanwhile many investors of the Acetop are afraid that it concerns an investment fraud.  All investors of Acetop ask themselves whether they became victim of an investment fraud? And what can Acetop investors do if the suspicion of investment fraud is confirmed? How can Acetop investors get their money back? Does it make sense to file a criminal complaint against Acetop with the police? What help is available in the event of investment fraud?



Acetop: Untrustworthy affirmations on!
What do surprised investors have to read on Acetop is a leading international provider of online forex trading, CFD trading and related services...Acetop is aware of the doubts and concerns of traders at various stages of the financial market...Therefore, at the beginning of the establishment, we strictly integrated the high-level global professional team and clearly set the company development goal of restoring customer confidence and reducing customer risk...Acetop continues to expand on a global scale. It has been licensed by the U.S. Financial Industry Regulatory Authority (NFA), with a regulatory number and an internationally recognized license. This is just a small part of the untrustworthy promises investors find on Acetop's website. Not a single one of these lofty promises made by Acetop has been delivered. Regrettably, the suspect business practices tend to make for unhappy investors and miserable experiences!


Acetop: Hide-and-seek game with the domain entry!
Remarkable for the business practices of the Acetop makers is that the website does not contain an imprint. Thus, the complete information about the legally responsible operators of the website is missing. If one takes a look at the domain data of Acetop's website, there are no references to the operators. However, one learns that the domain was registered with, LLC. as recently as 08/26/2020. 


Acetop: Who is behind it?
Answering this question will be rather difficult for many investors, as the Acetop makers do everything they can to conceal the true circumstances. However, this is nothing unusual. The perpetrators usually operate several of these websites with the same fraudulent business model. These are created in advance, quickly put online and just as quickly shut down. The top-level domain is often changed to deceive financial regulators and law enforcement agencies. But who is the operator? There is scant information about this on Acetop's website. There is no company listed, only the business address Emperor group center, 288 hennessy road, wanchai, Hong Kong 23-24 floor, but the makers of Acetop cannot be found under this address. In addition, there is the obligatory support e-mail address, but no telephone number. The worldwide search for Acetop in the relevant registers leads to no result. This makes it clear that this is a pure fantasy product.


Acetop: Criminal business practices
As soon as the customer has registered on the trading platform, he receives calls from alleged financial brokers who like to refer to their years of experience and their satisfied customer base. In many cases, however, the makers of this business model are fraudsters, against whom the Federal Criminal Police Office and the Federal Financial Supervisory Authority (BaFin) also warn. Usually the investors start with a small sum as employment. Beforehand, investors are also often motivated to install remote maintenance software, such as AnyDesk or TeamViewer on their computers, so that assistance can supposedly be provided with the first steps. In many cases, the computer is subsequently manipulated and unwanted transactions are carried out. In the process, the investment fraudsters also frequently gain access to their victims' online banking. What is particularly criminal, however, is when supposed profits are displayed on the trading platform in order to entice the customer to place further high stakes. In some cases, even small sums are returned in order to lull investors into a sense of security. Who then does not want to further increase the stakes? But what happens next?


Acetop: Repayment of the money is tied to conditions
Once in, an exit is mostly impossible. Rather, the administrators of the investment scammers tie a repayment of the money to further deposits. This is where employees come in, claiming alleged tax debts and commission payments. If these are settled, it would come to the disbursement of the allegedly obtained profits. The perpetrators send the investors self-made tax and commission statements, often decorated with fake coats of arms. These would have to be paid urgently. A clearing with the allegedly obtained profits, is never possible. If an investor refuses further deposits, alleged profits are converted by senseless transactions into losses and the customer maximally damaged. This is not the end of the horror, but investors are permanently confronted with calls from other dubious providers. This indicates that the contact details of the investors are further traded among the investment fraudsters. In the end, a "savior" regularly comes forward, claiming to have uncovered the whole scam. He impresses with his insider knowledge. No wonder, since he is part of the fraud gang. The next rip-off! And of course, the "savior" wants a small fee - in advance!


Acetop: Scheme of investment fraud?
There is no legitimization of the online broker Acetop. Acetop lacks authorization from a recognized European financial regulator, such as the English Financial Conduct Authority (FCA) or the Cyprus Securities and Exchange Commission (CySec), which is often used by brokers. Likewise, there is no authorization from the Swiss Financial Market Supervisory Authority (finma) or the Financial Market Authority (FMA) of Austria, which is responsible for Switzerland. Instead, there is a warning from the Securities and Futures Commission (SFC) dated 09.07.2021. This is the supervisory authority for the financial market and financial services in Hong Kong. It is not hard to see that Acetop is a scheme of capital investment fraud. All traders harmed by Acetop are advised to consult an investment fraud lawyer as soon as possible.


Acetop: Where are the scammers active?
Investors are dealing with Acetop investment fraud in Germany, Switzerland and Austria. Acetop's activities are by no means limited to the DACH region. Since Acetop also targets Chinese-speaking investors, it is not surprising that defrauded investors also come forward from this group of speakers. A look at the list of regulators is recommended before any financial commitment to reduce the risk of becoming a victim of investment fraud.


Acetop: Claims for damages against banks involved
A license from the German Federal Financial Supervisory Authority (BaFin) is a mandatory requirement for financial services and investment transactions in Germany. It is prohibited to conduct, support or facilitate such transactions, even across borders into Germany. Persons and companies who nevertheless participate in such transactions are obliged to pay damages to investors who have suffered losses. Such investment fraud cases would hardly have been conceivable without these banks.


Acetop: Investors want their money back!
Fortunately, the circumstances are not as hopeless as they appear. The aggrieved investors can take countermeasures and demand their invested capital back. At present it is rather not to be expected that the investment fraudsters of Acetop are seized promptly, nevertheless there is reason for hope. Hope because the funds flowed through accounts provided by banks that were concerned about good reputation. These banks apparently failed to check the deposits of the investors, some of which were high and therefore subject to controls, and their forwarding for illegality. Failures of this kind made the investment fraud possible in the first place.


Acetop: They want their money back! How does that work?
With this knowledge, the investors would not have entered into a business relationship with Acetop. Now the only option left for those deceived is to seek redress. Many investors cannot even imagine that there is any real chance of ever seeing their money again. Presumably all of them are now wondering if they can get their money back? Clearly yes! There are numerous legal bases to fall back on. The generic term is "money laundering." When investment fraudsters collect money, the crime of money laundering is committed. Financial institutions have a duty to take action against money laundering. This is where one starts with good chances of success. First of all, essential questions should be answered. To what destination did the funds misappropriated by Acetop disappear? Is there a possibility for the defrauded investors to get back their money invested with Acetop? What actions are needed next? Such questions can best be answered by an attorney specializing in investment fraud.


Acetop: Who can help?
What to do in case of investment fraud? What investment fraud help can Acetop victims hope for? Acetop victims will ideally find the help they need from an experienced investment fraud attorney. He or she will be able to take care of your case with Acetop both in terms of the criminal aspects of investment fraud, as well as the recovery of funds and possible claims for damages. A trading attorney may also be considered because they are also aware of the methods used by fraudulent brokers, such as Acetop.


Acetop: Follow the money trail!
Such abuses on the not regulated capital market pursue the Anlegerschutzkanzlei Resch attorneys since more than three decades. The procedure of the Acetop is thus nothing really new. Over the years, Resch Rechtsanwälte has developed an effective arsenal of tools for tracking down the disappeared money and tracing the money flows. Making funds disappear has become very difficult in the age of the Internet. The sooner investors follow the money's trail, the more likely they are to recover their invested capital. It is important now that investors who have been harmed by Acetop act immediately.


RESCH Attorneys at Law - Experience in investor protection since 1986
If you have become a victim of Acetop and want to know if and how you can get your money back, call 030 885 9770 or fill out the questionnaire. You will receive a free assessment of your case.