CoreMintFX - FCA warns against unregulated broker
The alleged online broker CoreMintFX sells itself as an impeccable platform for online investment. However, there are numerous indications that there are significant shortcomings at CoreMintFX. More and more traders are coming forward talking about telephone terror, rip-offs and investment fraud at CoreMintFX. All of them have lost their money invested with CoreMintFX. Doubt is the order of the day. Meanwhile, many CoreMintFX investors are worried that it is an investment scam. All CoreMintFX investors are wondering if they have fallen victim to investment scammers? And what can CoreMintFX investors do if the suspicion of investment fraud is substantiated? How can CoreMintFX investors get their money back? Does it make sense to file a criminal complaint against CoreMintFX with the police? What help is available in the event of investment fraud?
CoreMintFX: Hide and seek with the domain entry!
Remarkable for the business practices of the CoreMintFX makers is that the website does not contain an imprint. Thus, the full details of the legally responsible operators of the website are missing. If one takes a look at the domain data of the website of CoreMintFX, there are no references to the operators. However, one learns that the domain was only registered on 05.12.2021 with NameCheap, Inc. The real domain owners are hiding behind the anonymisation service Withheld for Privacy ehf.
CoreMintFX: Who is behind it?
Many investors will find it rather difficult to answer this question, as the makers of CoreMintFX do everything they can 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 on the net and just as quickly shut down. The top-level domain is often changed to deceive the financial supervisory and law enforcement authorities. But who is the operator? On the website of CoreMintFX there are only sparse details about this. Apart from that, there is the obligatory support email address and the telephone number +13238970261. A worldwide search for CoreMintFX in the relevant registers leads to no result. This makes it clear that this is a pure fantasy product.
CoreMintFX: The customer acquisition of the investment scammers
The same procedure can be found here again and again: In order to acquire new customers, the recommendations of CoreMintFX are advertised in all conceivable media and channels. Often the offers are false promises. Furthermore, they upload videos on Youtube in which interested investors are convinced with fictitious 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 intention, a mostly aggressive affiliate programme is started to motivate others to beat the advertising drum for CoreMintFX.
CoreMintFX: 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 their 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. Investors usually start with a small amount of money. Beforehand, investors are often motivated to install remote maintenance software, such as AnyDesk or TeamViewer, on their computers so that they can supposedly receive help with the first steps. In many cases, the computer is manipulated afterwards and unwanted transactions are carried out. In the process, the investment fraudsters often also 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. Sometimes even small sums are paid back to lull investors into a sense of security. Who then does not want to increase the stakes further? But what happens next?
CoreMintFX: repayment of money is subject to conditions
Once in, it is usually impossible to get out. Rather, the administrators of the investment scams 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, the alleged profits are paid out. The perpetrators send investors self-made tax and commission statements, often decorated with fake coats of arms. These would have to be paid urgently. It is never possible to offset them against the alleged profits. If an investor refuses to make further deposits, supposed profits are turned into losses through senseless transactions and the client is damaged to the maximum. The horror does not end there, but investors are permanently confronted with calls from other dubious providers. This indicates that the investors' contact details are traded on among the investment fraudsters. In the end, a "saviour" regularly calls 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 "saviour" also wants a small fee - up front!
CoreMintFX: Scheme of investment fraud?
There is no authorisation of the online broker CoreMintFX. CoreMintFX lacks the legitimacy of a recognised European financial supervisory 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 authorisation from the Swiss Financial Market Supervisory Authority (finma) or the Financial Market Authority (FMA) of Austria, which is responsible for Switzerland. Instead, there is a warning from the FCA dated 16.02.2022. It is not difficult to see that CoreMintFX is a scheme of capital investment fraud. All victims of CoreMintFX are advised to consult an investment fraud lawyer immediately.
CoreMintFX: Where do the investment fraudsters operate actively?
Unfortunately, the illegal activities of CoreMintFX were not limited to the English-speaking world. Because CoreMintFX also addresses German-speaking investors, it is only a matter of time before the defrauded investors of this speaker group also come forward. Going through the list of regulators is advisable before any financial commitment in order to reduce the risk of becoming a victim of investment fraud.
CoreMintFX: Investors want their money back!
The situation is far more promising than it appears. The aggrieved investors can file a lawsuit against those involved in the investment fraud and reclaim invested money. At present, it is not likely that the CoreMintFX investment fraudsters will be caught soon, but there is still reason to hope. Hope because the money flowed through accounts that were actually provided by reputable financial institutions. Those responsible obviously failed to check the investors' deposits, some of which were large and therefore subject to controls, and their onward transfer for illegality. Such delays enabled the investment fraudsters to carry out their criminal activities in the first place.
CoreMintFX: They want their money back! How does that work?
Knowing this, no investor would have entered into transactions with CoreMintFX. Now the only option left for the deceived is to try to recover the money they invested. Many investors cannot even imagine that there is a real chance of ever seeing their money again. Probably all of them are now asking themselves whether 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 offence of money laundering has been committed. Financial institutions are obliged to take action against money laundering. This is where one starts with good chances of success. To do this, relevant questions should be answered. Where did the funds embezzled by CoreMintFX go? Is there a realistic chance that the bruised investors will get back the money they invested with CoreMintFX? What precautions are due now? A lawyer specialising in investment fraud will be happy to answer such questions thoroughly.
CoreMintFX: Who can help?
What to do in case of investment fraud? What help can victims of CoreMintFX hope for in the event of investment fraud? CoreMintFX victims will ideally find the help they need from an experienced investment fraud lawyer. He or she will be able to take care of your CoreMintFX case both in terms of the criminal aspects of the investment fraud, as well as the recovery of funds and possible claims for damages. A lawyer for trading also comes into question, because they are also familiar with the methods of fraudulent brokers such as CoreMintFX.
CoreMintFX: Follow the money!
The internationally active investor protection law firm Resch Rechtsanwälte has been investigating such abuses on the unregulated capital market for over 30 years. In this respect, the methods of CoreMintFX are nothing really new. Over the decades, Resch Rechtsanwälte has developed an effective range of instruments for tracking down money that has disappeared and tracing the flow of funds. Making money disappear is becoming increasingly complicated in the age of the Internet. The sooner investors follow the money's trail, the greater the chances that they will get back the capital they have invested. Above all, it is important that investors who have been harmed by CoreMintFX act immediately.
RESCH Rechtsanwälte - Experience in investor protection since 1986
If you have been a victim of CoreMintFX 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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