CoinsBitTrade - Experiences: Investment scammers don't pay out
CoinsBitTrade pretends to provide investors with excellent conditions to make both fast and safe money with trading. Everything at CoinsBitTrade is investment fraud. Everything that the investor sees on his screen is fake. Nothing is traded at CoinsBitTrade. Not a penny has been invested. The money has landed right in the pockets of the investment scammers. Can you tell me about the same kind of experience? What help is available in case of investment fraud? How do investors get their money back from dubious providers? What can investors who have been scammed by CoinsBitTrade do?
CoinsBitTrade: Questionable and dubious assertions on the website.
What are the perplexed prospective customers being presented with on coinsbittrade.com? So it said there: "Trade Forex with Coinsbittrade. Trade with a big, fair, and human broker. Large, established, and experienced. With over 3,500,000 clients since its inception in 2009, Coinsbittrade has grown into a large and established international investment firm and has become a true industry leader. Coinsbittrade currently consists of more than 450 professionals with many years of experience in the financial industry. Our extensive experience combined with the support of well over 30 languages makes Coinsbittrade the broker of choice for traders of all levels, everywhere. We have the expertise and resources to help anyone realize their investment goals as only a great broker can." This is just a small quote of the questionable promises investors can find on CoinsBitTrade's website. Not one of these full-bodied promises made by CoinsBitTrade was delivered. But everything seemed very convincing. The unsuspecting investor was hardly able to realize that nothing was real. He was being played a game. Not a cent of his money was invested. Everything ended up right in the pockets of the investment scammers. There was no trading. Everything only appearance, no being. And therefore the investor does not get his money also paid out. Unpleasantly the suspect business practices provide rather unhappy investors and miserable experiences! But who is behind this investment scam?
CoinsBitTrade: Domain entry is hidden!
Of course, the investment scammers don't want people to track them down easily. That is why the website did not have an imprint with the full details and the address of the website operators. Also, the domain data of the coinsbittrade.com website does not contain any indication of who once registered the site, but only that the registration was done on 10/28/2021 by Hosting Concepts B.V. and, as expected, the real domain owners are hiding behind the Internet service provider Whois Privacy Protection Foundation.
CoinsBitTrade: Who is behind it?
Investors will not be able to answer this question. The investment scammers disguise their identity perfectly - almost. This is normal because they regularly operate various websites where they offer their fraudulent business model. And who was the operator? On the coinsbittrade.com website, there were only sparse details about this. Besides the obligatory support e-mail address support@Coinsbittrade.com, the potential investor was only offered an address in the USA as a contact: "1001 Liberty Ave #2100, Pittsburgh, PA 15222, United State". However, no CoinsBitTrade company can be found there.
CoinsBitTrade: Investors deceived
A worldwide search for CoinsBitTrade, which is the subject of this article, in the relevant registers leads to no results. It is a fantasy product to deceive investors. It remains merely a matter of time until financial regulators, such as the German BaFin or the Austrian FMA, also take notice of CoinsBitTrade and warn of its criminal activities.
CoinsBitTrade: Scheme of the investment fraud
The investment fraud follows the usual scheme: investors initially put in a small sum - usually 250 euros - are impressed by how quickly this amount multiplies and are therefore willing to "invest" ever higher sums. The worries arise as soon as an investor wants to have his money paid out, because now supposedly taxes, commissions, fees or whatever have to be paid all at once. Unfortunately, most investors are much too slow to realize that they have fallen for investment scammers who never intended to pay out the money again.
CoinsBitTrade: What help is there for investment fraud?
How to act in case of investment fraud, many affected investors ask themselves, since a criminal complaint hardly makes sense, because criminal charges are mainly used for prosecution, but not for the recovery of money. What kind of help can be used in case of investment fraud and how do affect investors get their money back? A lawyer specializing in investment fraud knows how to trace the money, because as they used to say, money is never gone, but unfortunately somewhere else. In the present it can be added: It is complicated, but with the appropriate tools it is possible to track money systematically digitally - even if it was deposited with Bitcoin through a crypto exchanger.
RESCH Attorneys at Law - Experience in investor protection since 1986
If you have become a victim of CoinsBitTrade 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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