The ostensible online broker AGM Technology pretends to be a credible platform for online trading. However, there are numerous indications that there are strikingly many inconsistencies at AGM Technology. Reports from traders about AGM Technology are accumulating, talking about telephone terror, rip-offs and investment fraud. Many have lost their money invested with AGM Technology. Serious doubts are announced. Meanwhile many investors of AGM Technology have the fear that it concerns an investment fraud. All AGM Technology investors are wondering if they have been victims of investment fraud? And what can AGM Technology investors do if the suspicion of investment fraud is substantiated? Will the investors of AGM Technology get their money back? Does it make sense to file a criminal complaint against AGM Technology with the police? What help is available in the event of investment fraud?
AGM Technology: Doubtful promises
What must the baffled prospective investors read on agmtechnology.com? "Since 1995, AGM Technology has provided direct access to trading in the world's markets for: Stocks, Options, Futures, Forex, Bonds, ETFs, Mutual Funds, CFDs and more...Access more than 120 markets in 24 countries with 22 different currencies...AGM's professional trading platforms offer solutions for institutional clients that provide direct access to trading combined with innovative market research tools, testing and risk-enabled models." This is just a small sample of the suspect claims prospective customers will find on AGM Technology's website. Not one of these given promises by AGM Technology has been kept. Regrettably, the dubious business practices tend to make for unhappy investors and bad experiences!
AGM Technology: Hide-and-seek game with the domain entry!
Remarkable for the business practices of the AGM Technology makers is that the website AGM Technologytechnology.com 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 the website of AGM Technology, there are no references to the operators to be found. However, one learns that the domain was registered only on 10.02.2010 with Network Solutions, LLC. The real domain owners are hiding behind the anonymization service TRADEX ASESORES in Costa Rica.
AGM Technology: Who is behind it?
Answering this question will be rather difficult for many investors, since the AGM Technology makers do everything 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? On the AGM Technology website, there is only sparse information about this. The company AGM Technology INC. is mentioned, but the business address is only PROVINCIA PANAMÁ. Under this address the makers of AGM Technology are definitely not to be found. In addition, there is the obligatory support e-mail address and the US phone number +18775151170.
AGM Technology: The customer acquisition of the investment fraudsters
Here, the same procedure can be found again and again: In order to win investors, AGM Technology offers are propagated in all possible media and channels. Often these offers are false promises. In addition, they upload advertising films on Youtube or Vimeo, in which interested investors are convinced with false references. Here, supposed celebrities report on their experiences with online trading and cryptocurrencies, often with a misleading reference to the TV show "Die Höhle der Löwen". With the same goal, an affiliate program is often started to spur others to intensively promote AGM Technology.
AGM Technology: 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 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?
AGM Technology: 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!
AGM Technology: Scheme of investment fraud?
There is no regulation of the AGM Technology trading platform. AGM Technology lacks authorization by a recognized European regulatory authority, such as the English Financial Conduct Authority (FCA) or the Cyprus Securities and Exchange Commission (CySec), which is frequently 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. It is easy to see that AGM Technology is a scheme of capital investment fraud. All investors harmed by AGM Technology are advised to immediately contact an investment fraud attorney.
AGM Technology: Where are the fraudsters active?
Investors are dealing with AGM Technology investment fraud in Germany, Switzerland and Austria. AGM Technology's illegal activities are by no means limited to German-speaking countries. Since AGM Technology is equally targeting English-speaking investors, it is not surprising that the defrauded traders from all over the world are also coming forward. Going through the list of regulators is recommended before any financial commitment to reduce the risk of becoming a victim of investment fraud.
AGM Technology: Claims for damages against participating banks
In Germany, it is prohibited to provide financial services and investment transactions without a license from the Federal Financial Supervisory Authority (BaFin). Doing, supporting or facilitating such business, even across borders into Germany, is prohibited. Persons who nevertheless participate in such transactions are obliged to pay damages to investors who have suffered losses. Such investment fraud cases would have been unimaginable without these banks.
AGM Technology: Investors want their money back!
Fortunately, the situation is not as hopeless as it seems. The aggrieved investors can take countermeasures and demand their invested money back. At the moment it is rather not to be expected that the investment fraudsters of AGM Technology are seized promptly, nevertheless there is reason to hope. Hope because the money flowed through accounts provided by reputable banks. Unfortunately, these banks failed to check the partly high and therefore controllable deposits of the investors and their forwarding for illegality. Omissions of this kind made possible for the investment fraudsters their criminal work only.
AGM Technology: They want their money back! How does that work?
Equipped with this knowledge, the interested parties would never have entered into a business relationship with AGM Technology. Now the only option left for the deceived is to try to recover the invested capital. Many investors cannot even imagine that there is a real chance of ever seeing their money again. 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. Essential questions must be answered in advance. Where did the money embezzled by AGM Technology go? Is there any chance that the victims of investment fraud will get back the money they invested with AGM Technology? What actions are due now? An attorney specializing in investment fraud can provide comprehensive answers to these questions.
AGM Technology: Who can help?
What to do in case of investment fraud? What help with investment fraud can AGM Technology victims hope for? AGM Technology 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 AGM Technology case both in terms of the criminal aspects of investment fraud, as well as the recovery of funds and possible claims for damages. A lawyer for trading is also a possibility, because he is also familiar with the methods of fraudulent brokers, such as AGM Technology.
AGM Technology: Follow the money trail!
Such abuses on the grey capital market pursue the Anlegerschutzkanzlei Resch attorneys since over three decades. The working method of the AGM Technology is from it resulting nothing really new. Over the years, Resch Rechtsanwälte has developed some powerful tools for tracking down stolen money and tracing the flow of funds. Making funds truly disappear has become extremely difficult in the age of the Internet. The sooner investors follow the money trail, the more likely they are to have their money secured. It is important now that investors who have been harmed by AGM Technology take action without delay.
RESCH Rechtsanwälte - Experience in investor protection since 1986
If you have become a victim of AGM Technology 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.
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