Jewelry made of gold and jewels can be purchased cheaply by investors through Cancri Jewelry - allegedly. But everything is a lie. A sophisticated investment fraud. Cancri Jewelry does not exist as a real company. Cancri Jewelry cannot be found at the addresses given. And of course, there is no traded jewelry or the promised cashback. The money has gone straight into the pockets of the investment scammers. What can investors defrauded by Cancri Jewelry do? What sense does it make to file a criminal complaint? How can investors deceived by Cancri Jewelry get their money back?
Cancri Jewelry: Doubtful affirmations on the website www.cancri.club!
What must the perplexed investors receive on the cancri.club? "Cancri Jewelry - the largest company in the jewelry market in Europe and Asia - offers a unique cashback opportunity when purchasing gold jewelry with diamonds in its network of jewelry stores in Turkey, Spain, and online store." That's just a small sample of the questionable claims that the curious can find on Cancri Jewelry's website. Not a single one of these given assurances by Cancri Jewelry has been kept. Unfortunately, the questionable business practices tend to make for unhappy investors and miserable experiences!
Cancri Jewelry: Hide-and-seek game with domain entry!
Remarkable for the business practices of the Cancri Jewelry 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 the web page of Cancri Jewelry, no references to the operators are to be found there. However, one learns that the domain was registered only on 28.03.2021 with Hosting Ukraine LLC. The real domain owners are hiding behind its anonymization service.
Cancri Jewelry: Who is behind it?
Answering this question will be rather difficult for many investors, as the Cancri Jewelry makers do everything they can 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? There is no useful information about this on the Cancri Jewelry website. Neither a company nor a business address is given. The allegedly opened branches in Paris, Barcelona, and cities in Turkey do not exist. There is no support email address or phone number. The worldwide search for Cancri Jewelry in the relevant registers leads to no results. That clarifies that it concerns in this case a pure fantasy product.
Cancri Jewelry: Investment fraud - Acquisition
To acquire new customers, Cancri Jewelry's offers are promoted in all conceivable media and channels. Often enough, these are false claims. To reinforce the deception, they upload promotional videos on Youtube or Vimeo, in which interested investors are convinced with fictitious references. With the same intention, an affiliate program is often started to spur others to intensively promote Cancri Jewelry.
Cancri Jewelry: Criminal business practices
As soon as the customer has registered on the trading platform, he or she receives calls from alleged financial advisors or other representatives who are happy to point to their years of experience and satisfied customer base. In many cases, however, the makers of this business model are fraudsters, and the Federal Criminal Police Office and the Federal Financial Supervisory Authority (BaFin) also warn against them. 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?
Cancri Jewelry: Repayment of the money is tied 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 - up front!
Cancri Jewelry: Scheme of investment fraud?
There is no authorization from the jewelry dealer Cancri Jewelry. Cancri Jewelry lacks legitimacy from a recognized European supervisory authority, such as the British Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySec). Likewise, Cancri Jewelry lacks authorization from the Swiss Federal Financial Supervisory Authority (finma) or the Financial Market Authority (FMA) of Austria, which is responsible for Switzerland. It is easy to see that Cancri Jewelry is a scheme of capital investment fraud. All victims of Cancri Jewelry are advised to contact an investment fraud attorney immediately.
Cancri Jewelry: Where do the investment fraudsters operate actively?
Unfortunately, the illegal activities of Cancri Jewelry were not limited to the English-speaking world. Because Cancri Jewelry also targets investors in Spain, France, Russia, and Turkey, it is only a matter of time before the first defrauded people from these speaking groups also come forward. Going through the list of regulators is advisable before any financial commitment to reduce the risk of becoming a victim of investment fraud.
Cancri Jewelry: Investors want their money back!
The circumstances are far better than they appear. The aggrieved investors can take countermeasures and reclaim the invested capital. At the moment it is rather not to be expected that the investment fraudsters of Cancri Jewelry are caught soon, nevertheless, there is cause to hope. Hope, therefore, because the funds flowed over accounts, which made respectable financial houses available. Those responsible for them have been proven to have neglected to check the deposits of investors, some of which were large and therefore subject to controls, and their onward transfer for illegality. Such negligence enabled the investment fraudsters to carry out their criminal activities in the first place.
Cancri Jewelry: They want their money back! How does it work?
With this knowledge, investors would never have gotten involved in an investment with Cancri Jewelry. Now the only alternative left for the defrauded is to seek compensation for the loss. Many investors can't even imagine that there is any real chance of ever seeing 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. First of all, essential questions should be clarified. Where did the money embezzled from Cancri Jewelry go? Are there realistic prospects that the aggrieved investors will get back the money they invested with Cancri Jewelry? What precautions are needed from now on? A lawyer specializing in capital investment fraud is best placed to answer such questions.
Cancri Jewelry: Who can help?
What to do in case of investment fraud? What help with investment fraud can the victims of Cancri Jewelry hope for? Cancri Jewelry 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 Cancri Jewelry 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 comes likewise into consideration, because the methods of fraudulent brokers, like Cancri Jewelry, are well-known to it also.
Cancri Jewelry: Follow the money!
The internationally active investor protection law firm Resch Rechtsanwälte has been investigating such abuses in the unregulated capital market for more than three decades. In this respect, Cancri Jewelry's modus operandi is nothing new. Over time, Resch Rechtsanwälte has developed a strong set of tools for tracking down retained funds and tracing the flow of money. Making funds disappear is becoming increasingly difficult in the age of the Internet. The faster investors track the money, the better their chances of recovering their invested capital. Now it is important for those injured by Cancri Jewelry to react immediately.
RESCH Attorneys at Law - Experience in investor protection since 1986
If you have been a victim of Cancri Jewelry 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.
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+ 49 30 / 88 59 77 0