Crypneteasy - FCA warns against illegal activities
The apparent online broker Crypneteasy claims to be a secure platform for online trading with Forex, CFDs and ETFs. However, there are numerous indications that there are significant shortcomings at Crypneteasy. More and more traders are coming forward talking about phone terror, rip-offs and investment fraud at Crypneteasy. All of them have lost their money invested with Crypneteasy. More and more doubts are spreading. Meanwhile, many traders of Crypneteasy are worried that it is an investment scam. The website of Crypneteasy is still accessible. All traders of Crypneteasy are wondering if they have become victims of investment scammers? And what can Crypneteasy traders do if the suspicion of investment fraud is confirmed? How do Crypneteasy traders get their money back? Does it make sense to file a criminal complaint against Crypneteasy with the police? Where can I get help with investment fraud?
Crypneteasy: Unsubstantiated assertions
What do perplexed investors have to read on crypneteasy.com? "Our goal is to maximize the value our clients derive from their most valuable asset, time. By offering advanced and innovative services, exceptional customer care and constant dedication to our clients, we ensure that their individual needs are always met as the markets continue to evolve. We aim to become an industry leader by fully realizing the potential of financial markets and putting our clients' needs at the center of every decision we make. We always strive to ensure maximum performance, customer satisfaction and security in every investment. Resourceful by nature and qualified by experience, we are confident that we will meet your needs and ours. crypneteasy.com will reveal to you the real world of Forex trading and guide you through the Forex era, the era that puts your financial future in your hands. If there was ever a time to take the bull by the horns and look the bear straight in the eye, that time is now. It's crypneteasy.com" This is just a small sample of the implausible promises that curious people find on the Crypneteasy website. Not one of these full-bodied assurances by Crypneteasy has been kept. Unpleasantly, the questionable business conduct rather provides for disappointed investors and miserable experiences!
Crypneteasy: Hide-and-seek game with the domain entry!
Remarkable for the business practices of the Crypneteasy makers is that the website does not contain any imprint with complete information about the legally responsible operators of the website. If one looks at the corresponding domain data of the website www.crypneteasy.com, one finds out that the website was registered on 04/06/2021 and that the real operators are hiding behind the Icelandic anonymization service Withheld for Privacy ehf.
Crypneteasy: Who is behind it?
Answering this question will be rather difficult for many investors, as the Crypneteasy makers do everything they can to conceal the true circumstances. However, this is not uncommon, 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? The website www.crypneteasy.com provides the following information: "Company Name: Rogers Company EOOD Registration nr: 206439262 Registered address: Hazhdi Dimitar Street, 10, Municipality of Ruse, village of Semerdzhievo 7072, Bulgaria". However, the address given is an inhabited area in the village of Semerdzhievo in Bulgaria. There is nothing to indicate that the Crypneteasy can be found here. A worldwide search for Rogers Company EOOD in the relevant registers leads to no result and makes it clear that this is a pure fantasy product.
Crypneteasy: The customer acquisition of the investment fraudsters
Here, the same procedure can be found again and again: In order to gain new customers, the offers of Crypneteasy are promoted in all conceivable media and channels. For example, advertisements are placed in social media, such as Facebook. It is not uncommon for the offers to be false claims. 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 about 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 give others incentive to beat the advertising drum for Crypneteasy.
Crypneteasy: 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. 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 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. In some cases, even small sums are returned in order to lull investors into a sense of security. Who then does not want to increase the stakes further? But what happens next?
Crypneteasy: Repayment of the money is tied 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 "saving angel" regularly comes forward, claiming to have uncovered the whole scam. He impresses with his insider knowledge. No wonder, since he is part of the fraudster gang. The next rip-off! And of course, the "saving angel" also wants a small fee - in advance!
Crypneteasy: scheme of investment fraud?
There is no legitimization of the Crypneteasy trading platform. Crypneteasy lacks regulation by a recognized European 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 approval 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 FCA dated 08.11.2021. It is also obvious that Crypneteasy is a scheme of capital investment fraud. All investors harmed by Crypneteasy should be advised to consult an investment fraud lawyer immediately.
Crypneteasy: where do the fraudsters operate?
Unfortunately, the illegal activities of Crypneteasy were not limited to the English-speaking world. Because Crypneteasy addresses German-speaking investors as well, it is only a matter of time until the defrauded investors of this speaker group will come forward as well. Going through the list of regulators is advisable before making any financial commitment to reduce the risk of becoming a victim of investment fraud.
Crypneteasy: investors want their money back!
Fortunately, the circumstances are not as hopeless as they seem. The aggrieved investors can take countermeasures and demand invested money back. At the moment, it is unlikely that the Crypneteasy investment fraudsters will be caught in time, but there is reason to hope. Hope because the funds flowed through accounts that were actually provided by reputable banks. Those responsible demonstrably failed to check the traders' deposits, some of which were large and therefore subject to controls, and their forwarding for illegality. Such omissions made the investment fraud possible in the first place.
Crypneteasy: They want their money back! How does it work?
With this knowledge, the interested parties would not have engaged in business with Crypneteasy. Now the only way left for victims is to seek compensation for the loss. Many investors cannot 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 are obliged to take action against money laundering. This is where we come in if there is a good chance of success. Beforehand, essential points should be clarified. Where were the funds misappropriated by Crypneteasy sent? Can traders somehow recover their capital invested with Crypneteasy? What measures are needed from now on? A lawyer specializing in capital investment fraud will best answer such questions.
Crypneteasy: Who can help?
What to do in case of investment fraud? What help with investment fraud can victims of Crypneteasy hope for? The victims of Crypneteasy will ideally find the help they need from an experienced investment fraud lawyer. He or she will be able to take care of your Crypneteasy 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 is also a possibility, because he is also familiar with the methods of fraudulent brokers, such as Crypneteasy.
Crypneteasy: Follow the money!
The internationally active investor protection law firm Resch Rechtsanwälte has been investigating abuses of this kind on the gray capital market for over 30 years. The working method of the Crypneteasy is in this respect nothing really new. Over the years, Resch Rechtsanwälte has developed a powerful range of instruments for tracing the evaded capital and tracking the flow of money. In times of the Internet, it has become really difficult to actually make funds disappear. The more swiftly those affected follow the trail of the money, the greater the chances that they will see their invested capital again. Now it is important that those who have been harmed by Crypneteasy take action without delay.
RESCH Attorneys at Law - Experience in investor protection since 1986
If you have become a victim of Crypneteasy 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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