EverestBTC - BaFin Warns Online Traders
The alleged online broker EverestBTC sells itself as a credible platform for trading with cryptocurrencies. However, there are numerous indications that unacceptable conditions prevail at EverestBTC. Reports from traders about EverestBTC are accumulating, talking about phone terror, rip-offs and investment fraud. Traders have lost all their money invested with EverestBTC. Doubt is the order of the day. Meanwhile, many EverestBTC investors are afraid that it is an investment scam. EverestBTC's website has been shut down. All EverestBTC traders are wondering if they have become victims of investment scammers? And what can EverestBTC traders do if the suspicion of investment fraud is confirmed? Will EverestBTC investors get their money back? Does it make sense to file a criminal complaint against EverestBTC with the police? What help is available for investment fraud?
EverestBTC: Transparent promises on Everestbtc.com!
What are the dumbfounded visitors to www.everestbtc.com being served up? "Trade over 800 highly liquid assets. Stocks, commodities, indices, currencies and much more. Easy withdrawal of profits or deposits whenever you want, your money is safe with us. Do you feel you need some good advice on a trade? Don't hesitate, our analysts are ready to answer your questions. Thanks to the latest technology, you can stay connected with your portfolio from anywhere in the world. Stay up to date with important breaking news, upcoming events, strategies, daily mails and webinars." This is just a small sample of the untrustworthy promises that interested parties can find on EverestBTC's website. Not one of these given promises by EverestBTC has been kept. Regrettably, the troubling business practices tend to make for unhappy investors and bad experiences!
EverestBTC: Hide-and-seek game with domain entry!
Remarkable for the business practices of the EverestBTC makers is that the website did 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 everestbtc.com, you will not find any reference to the operators there and you will find that the website was only registered on January 11, 2021 and that the real domain owners are hiding behind an anonymization service.
EverestBTC: Who is behind it?
Answering this question will be rather difficult for many investors, as the EverestBTC 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 bring them online, but also shut them down just as quickly. In this case, this has already happened. 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 here? On the website everestbtc.com there was only sparse information about this. For example, at the bottom of the website there was the following note: "everestbtc.com is owned by Elite Property Vision LTD". This company has been involved in investment fraud several times with other domains.
EverestBTC: The customer acquisition of the investment scammers
Here you can find the same approach again and again: In order to attract new customers, EverestBTC's offers are advertised in all possible media and channels. For example, advertisements are placed in social media, such as Facebook. Often, these recommendations are inaccurate claims. To increase the effectiveness, they upload promotional videos on YouTube or Vimeo, in which interested traders are convinced with fictitious 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 intention, an affiliate program is often launched to give others incentive to beat the advertising drum for EverestBTC.
EverestBTC: 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 suspected fraudsters, against whom the Federal Criminal Police Office and the Federal Financial Supervisory Authority (BaFin) also warn. Mostly the traders start with a small sum as stake. 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 further increase the stakes? But what happens next?
EverestBTC: 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, who still claim 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" wants a small fee too - up front!
EverestBTC: scheme of investment fraud?
There is no regulation of the EverestBTC trading platform. EverestBTC lacks authorization from 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 Federal Financial Supervisory Authority (finma) or the Financial Market Authority (FMA) of Austria, which is responsible for Switzerland. For this, there is a warning from BaFin. This is the German supervisory authority for the financial market and financial services. It is not difficult to miss that EverestBTC is a scheme of capital investment fraud. All traders harmed by EverestBTC are advised to consult an investment fraud lawyer as soon as possible.
EverestBTC: Where are the scammers active?
Investors are dealing with EverestBTC investment fraud in Germany, Switzerland and Austria. EverestBTC's activities are by no means limited to German-speaking countries. Because EverestBTC equally addresses traders in Italy, it is only a matter of time until those who have been defrauded contact us from there as well. A look at the list of regulators is advisable before any financial commitment to reduce the risk of becoming a victim of investment fraud.
EverestBTC: claims for damages against banks involved.
A permit from the 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 transactions, even across borders into Germany. Persons who participate nevertheless in it are obligated to damaged investors to payment of damages. Such investment fraud cases would have been unimaginable without such banks.
EverestBTC: Investors want their money back!
The mixed situation is far better than it appears. Those affected can take legal action against those involved in the investment fraud and demand their invested money back. At the moment, it is not expected that the EverestBTC investment scammers will be caught soon, but there is still reason to hope. Hope because the funds flowed through accounts provided by banks striving for good reputation. They obviously failed to check the traders' deposits, some of which were large and therefore subject to controls, and their forwarding for legality. These negligences enabled the investment fraudsters to carry out their criminal activities in the first place.
EverestBTC: They want their money back! How does it work?
With this knowledge, investors would not have gotten involved in an investment with EverestBTC. Now the only way left for these 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 are obliged to take action against money laundering. This is where we come in if there is a good chance of success. For this purpose, important points should be clarified. To which destination did the funds embezzled by EverestBTC flow? Are there realistic prospects that the bounced traders will get back their money invested with EverestBTC? What actions are due from now on? Such questions can best be answered by a lawyer specializing in investment fraud.
EverestBTC: Who can help?
What to do in case of investment fraud? What help with investment fraud can EverestBTC victims hope for? EverestBTC victims will ideally find the help they need from an experienced investment fraud attorney. He or she will be able to take care of your EverestBTC case both in terms of the criminal aspects of 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 aware of the methods used by fraudulent brokers, such as EverestBTC.
EverestBTC: Follow the money trail!
This kind of malpractice on the unregulated capital market has been pursued by the investor protection law firm Resch Rechtsanwälte for over 30 years. Accordingly, the working methods of EverestBTC are nothing new. Over the years, Resch Rechtsanwälte has developed effective equipment for tracking down retained investments and tracing money trails. In the age of the Internet, it is becoming increasingly costly to make funds truly disappear. The more expeditiously investors follow the money trail, the better the chances are that they can have their money secured. Now it is important that investors who have been harmed by EverestBTC take immediate action.
RESCH Attorneys at Law - experience in investor protection since 1986
If you have been a victim of EverestBTC 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.
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