The alleged online broker Alfa Prime Markets sells itself as an impeccable platform for online investment. However, evidence is mounting that there are serious abuses at Alfa Prime Markets. More and more investors are reporting telephone terror, rip-offs, and investment fraud in connection with Alfa Prime Markets. Investors have lost all their money invested with Alfa Prime Markets. Serious doubts are spreading. Meanwhile, many investors of Alfa Prime Markets have the feeling that it is investment fraud. All Alfa Prime Markets investors are wondering if they have fallen victim to investment fraudsters? And what can Alfa Prime Markets investors do if the suspicion of investment fraud is confirmed? Will Alfa Prime Markets investors get their money back? Does it make sense to file a criminal complaint against Alfa Prime Markets with the police? Where can I get help with investment fraud?
Alfa Prime Markets: Hide-and-seek game with the domain entry!
Remarkable for the business practices of the Alfa Prime Markets 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 you take a look at the domain data of the Alfa Prime Markets website, you will not find any information about the operators. However, one learns that the domain was registered with NameCheap, Inc. only on June 29, 2021. The real domain owners hide behind the anonymization service Withheld for Privacy ehf.
Alfa Prime Markets: Who is behind it?
Answering this question will be rather difficult for many investors, as the Alfa Prime Markets makers do everything to conceal the true circumstances. However, this is nothing unusual. The perpetrators mostly 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 Alfa Prime Markets website, there is only scanty information about this. The company Mia Group LLC. with the business address First Floor, First St. Vincent Bank Ltd. Building James Street, Kingstown, St. Vincent, and the Grenadines is stated, but the makers of Alfa Prime Markets cannot be found under this address. In addition, there is the obligatory support e-mail address and the telephone number +41215303124. The worldwide search for Alfa Prime Markets in the relevant registers leads to no result. This makes it clear that this is a pure fantasy product.
Alfa Prime Markets: The customer acquisition of the investment fraudsters
Here again and again the same proceeding is found: To win investors, the offers of Alfa Prime Markets are propagated in all available media and channels. Often the offers are false information. To reinforce the deception, they upload videos on Youtube in which interested parties 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 launched to incite others to intensively promote Alfa Prime Markets.
Alfa Prime Markets: 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 to entice the customer to place further high stakes. In some cases, even small sums are returned to lull investors into a sense of security. Who then does not want to increase the stakes further? But what happens next?
Alfa Prime Markets: Repayment of money is subject to conditions
Once in, exit is mostly impossible. Rather, the administrators of the investment scammers tie the 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 is 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!
Alfa Prime Markets: Scheme of investment fraud?
There is no regulation of the Alfa Prime Markets trading platform. Alfa Prime Markets lacks the authorization of a recognized European supervisory authority, 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. For this, there is a warning from the Ontario Securities Commission (OSC) dated February 23, 2022. This is the Canadian supervisory authority for the financial market and financial services. It is hard to miss the fact that Alfa Prime Markets is a scheme of capital investment fraud. All investors harmed by Alfa Prime Markets are advised to contact an investment fraud lawyer as soon as possible.
Alfa Prime Markets: Where are the investment fraudsters active?
Unfortunately, the illegal activities of Alfa Prime Markets were not limited to the English-speaking world. Because Alfa Prime Markets also addresses German-speaking investors, it is only a matter of time until the defrauded investors of this spokesperson group also get in touch. Because Alfa Prime Markets also addresses English-speaking traders, it is only a matter of time before the defrauded investors of this speaker group come forward. Going through the list of regulators is advisable before making any financial commitment to reduce the risk of becoming a victim of investment fraud.
Alfa Prime Markets: investors want their money back!
The situation is far more promising than it seems. The aggrieved investors can take countermeasures and reclaim their invested capital. At present, it is not to be expected that the investment fraudsters of Alfa Prime Markets are caught promptly, nevertheless, there is cause to hope. Hope, therefore, because the funds flowed over accounts, which respectable financial houses made available. Their responsible persons, unfortunately, neglected to check the partly high and therefore controllable deposits of the investors and their forwarding for illegality. These omissions enabled the investment fraudsters to carry out their criminal activities in the first place.
Alfa Prime Markets: They want their money back! How does it work?
Equipped with this knowledge, prospective investors would not have agreed to invest with Alfa Prime Markets. Now the only option left to them is to try to recover the invested money. Many investors cannot even imagine that there is any real chance of ever seeing their money again. Probably 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 must take action against money laundering. This is where one starts with good chances of success. Relevant questions must first be clarified. Where did the funds moved by Alfa Prime Markets end up? Are there realistic prospects that the defrauded investors will get back the money they invested with Alfa Prime Markets? What measures are obligatory from now on? You can get the answers to these questions from a lawyer specializing in investment fraud.
Alfa Prime Markets: Who can help?
What to do in case of investment fraud? What help in the case of investment fraud can victims of Alfa Prime Markets hope for? Alfa Prime Markets victims can 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 Alfa Prime Markets 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 Alfa Prime Markets.
Alfa Prime Markets: Follow the money!
Abuses of this kind on the unregulated capital market have been pursued by the internationally active investor protection law firm Resch Rechtsanwälte for over 30 years. The procedure of Alfa Prime Markets is accordingly nothing new. Over the decades, Resch Rechtsanwälte has developed a sophisticated arsenal of tools for tracking down misappropriated investments and tracing the flow of funds. Making funds disappear is becoming increasingly costly in the age of the Internet. The more expeditiously investors follow the money trail, the better the chances are that they will be able to have their money secured. Now it depends on the fact that those damaged by Alfa Prime Markets act immediately.
RESCH Attorneys at Law - Experience in investor protection since 1986
If you have become a victim of Alfa Prime Markets and want to know if and how you can get your money back, call +49 30 885 9770 or fill out the questionnaire. You will receive a free assessment of your case.