The alleged online broker Aurora Holdings sells itself as a credible platform for trading with cryptocurrencies. However, there are increasing indications that Aurora Holdings is not doing things by the book. Reports from traders about Aurora Holdings are accumulating, talking about phone terror, rip-offs and investment fraud. Traders have lost all their money invested with Aurora Holdings. Serious doubts are spreading. Meanwhile, many Aurora Holdings traders feel that it is an investment scam. The Aurora Holdings website is no longer accessible. All Aurora Holdings investors are wondering if they have become victims of an investment scam? And what can Aurora Holdings traders do if the suspicion of investment fraud is confirmed? Will Aurora Holdings investors get their money back? Does it make sense to file a criminal complaint against Aurora Holdings with the police? Where can I get help with investment fraud?
Aurora Holdings: Unbelievable promises on Auroraholdings.org!
What are perplexed prospective investors being led to believe on www.auroraholdings.org? "In 2016, a group of professional traders at the origin of Aurora Holdings Limited launched their first online trading service under the Aurora Holdings brand. Our belief in success led us through all difficulties to realize our vision. In 2018, the company grew significantly and we launched our own liquidity aggregator and platform that implemented order execution technology. Based on this technology, we created. We maintain a high quality of customer service and guarantee maximum security of their assets. Therefore, we have developed our own investment security policy." This is just a small passage of the suspect promises investors can find on Aurora Holdings' website. Not one of these lofty promises by Aurora Holdings has been delivered. Disappointingly, the suspicious business conduct rather makes for disappointed traders and miserable experiences!
Aurora Holdings: No payout possible Aurora Holdings: The supposedly London-based online broker refuses to pay out traders' deposits and profits.
Aurora Holdings: Hide-and-seek game with domain entry!
Remarkable for the business practices of the Aurora Holdings makers is that the website does not contain any imprint with complete information about the legally responsible operators of the website. If you look at the corresponding domain data of the website www.auroraholdings.org, you will not find any reference to the operators there and you will find that the website was only registered with NameCheap, Inc. on 12/22/2020 and that the real domain owners are hiding behind the Icelandic anonymization service Withheld For Privacy Ehf.
Aurora Holdings: who is behind it?
Answering this question will be rather difficult for many investors, as the Aurora Holdings makers do everything they can to conceal the true circumstances. However, this is not unusual, as the perpetrators often operate various of these websites with the supposedly same business model and quickly put them online, but also shut them down again just as quickly. In many cases, the top-level domain is also frequently changed, possibly also in order to deceive the financial supervisory and law enforcement authorities. And who is the operator? There is no information about this on the website www.auroraholdings.org. There is a supposed business address at 1 Ropemaker Street in London, but behind this address is the company Regus, which rents out virtual offices. A look at the British commercial register shows that Aurora Holdings Limited does exist, but it has been dormant since 2011, so there have officially been no significant business activities since then.
Aurora Holdings: The customer acquisition of the investment scammers
Here, the same approach can be found again and again: Aurora Holdings' offers are advertised in all possible media and channels. For example, advertisements are placed in social media, such as Facebook. To increase the deception, they upload image films on Youtube or Vimeo, in which interested traders are convinced with invented references. Here, supposed celebrities report on their experiences with online trading and cryptocurrencies, often with the erroneous reference to the TV show "Die Höhle der Löwen". With the same goal, a mostly aggressive affiliate program is started to incite others to beat the advertising drum for Aurora Holdings.
Aurora Holdings: 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?
Aurora Holdings: Repayment of the money is linked to conditions
However, an exit is then usually no longer possible, rather a repayment of the money is linked to further deposits. This is where the employees come in, claiming alleged tax debts and commission payments. These would have to be settled first, then it would come to the disbursement of the allegedly obtained profits. For this purpose, tax and commission invoices are sent to the investors, which are often decorated with fake coats of arms and, of course, have to be paid urgently. However, it is never possible to offset these payments against the supposedly achieved profits. If one refuses to make these further payments, the supposed profits are often turned into losses and the customer is harmed to the maximum. However, this is usually not the end of the horror, but the investors are often permanently confronted with calls from other dubious providers, which indicates that the contact details of the investors are further traded among the investment scammers. In the end, the "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" also wants a small fee - up front!
Aurora Holdings: scheme of investment fraud?
There is no authorization of the online broker Aurora Holdings. Aurora Holdings lacks the legitimacy of 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. It is also evident that Aurora Holdings is a scheme of capital investment fraud. All investors harmed by Aurora Holdings are advised to immediately consult an investment fraud attorney.
Aurora Holdings: Where do the investment fraudsters operate actively?
Traders are dealing with Aurora Holdings investment fraud in Germany, Switzerland and Austria. Unfortunately, Aurora Holdings' activities are not limited to German-speaking countries. Because Aurora Holdings addresses all Anglophone traders as well, it is only a matter of time until the first defrauded people from these ranks come forward as well. A look at the list of regulators is recommended before any financial commitment to reduce the risk of becoming a victim of investment fraud.
Aurora Holdings: 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 business, even across borders into Germany. Persons and companies who nevertheless participated in such transactions are obliged to pay damages to the traders concerned. Such investment fraud cases would hardly have been conceivable without these banks.
Aurora Holdings: Investors want their money back!
The situation is much more promising than it seems. The aggrieved investors can take legal action against those involved in the investment fraud and reclaim their invested capital. As of now, it is unlikely that the Aurora Holdings investment fraudsters will be apprehended any time soon, but there is reason to hope. Hope because the funds flowed through accounts provided by reputable banks. They undoubtedly failed to check the traders' deposits, some of which were large and therefore subject to controls, and their forwarding for legality. Such negligence enabled the investment fraudsters to carry out their criminal activities in the first place.
Aurora Holdings: They want their money back! How does it work?
Equipped with this knowledge, no investor would have entered into a business relationship with Aurora Holdings. Now the only option left for the defrauded is to try to recover the misappropriated money. Many investors cannot even imagine that there is any 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 prospects of success. To do this, relevant questions must be clarified. Where did the funds moved by Aurora Holdings end up? Is there a realistic chance that the investors who were defrauded will get back the money they invested with Aurora Holdings? What action should be taken now? Such questions can best be answered by a lawyer specializing in investment fraud.
Aurora Holdings: Who can help?
What to do in case of investment fraud? What help in the case of investment fraud can the victims of Aurora Holdings hope for? Aurora Holdings 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 Aurora Holdings both in terms of the criminal aspects of the 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 familiar with the methods of fraudulent brokers, such as Aurora Holdings.
Aurora Holdings: Follow the money trail!
Such abuses on the grey capital market have been pursued by the investor protection law firm Resch Rechtsanwälte for over 30 years. The approach of Aurora Holdings is therefore nothing really new. Over the years, Resch Rechtsanwälte has developed effective equipment for tracking down stolen money and tracing the flow of funds. Making funds disappear has become almost impossible in the age of the Internet The faster investors follow the money trail, the greater the likelihood that they will get their invested capital back. Above all, it is important that traders harmed by Aurora Holdings act immediately.
RESCH Attorneys at Law - Experience in investor protection since 1986
If you have been a victim of Aurora Holdings 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.