The supposed online broker Excentral-int sells itself as an impeccable player for online trading. However, there is growing evidence that Excentral-int has a striking number of inconsistencies. Reports from traders about Excentral-int are piling up, talking about telephone terror, rip-offs and investment fraud. All investors lost their money invested with Excentral-int. Serious doubts are spreading. In the meantime many investors of Excentral-int have the feeling that it is an investment fraud. All Excentral-int investors are wondering if they have been victims of investment fraud? And what can Excentral-int investors do if the suspicion of investment fraud is confirmed? How can Excentral-int investors get their money back? Does it make sense to file a criminal complaint against Excentral-int with the police? What help is available for investment fraud?
Excentral-int: Groundless assertions on the website www.excentral-int.com!
What do stunned visitors read on Excentral-int.com? "From some of the lowest spreads in the industry, to great trading platforms (our own online Excentral-intr and of course the versatile MT4), to tons of educational material including free webinars that will take you from zero to hero." and further "We have partnered with some of the most successful and leading service providers to bring you an unmatched trading experience. We are also operated by a regulated investment firm, OM BRIDGE (PTY) LTD." That's just one small example of the questionable assurances investors can find on Excentral-int's website. Hardly any of these promises made by Excentral-int have been fulfilled. Sadly, if anything, the dubious business practices make for unhappy investors and bad experiences!
Excentral-int: Hide-and-seek game with the domain entry!
Remarkable for the business practices of the Excentral-int 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 you take a look at the domain data of Excentral-int's website, you will not find any information about the operators. However, one learns that the domain was registered with GoDaddy.com, LLC as recently as 2019-08-09. The real domain owners are hiding behind the US anonymization service Domains By Proxy, LLC.
Excentral-int: who is behind it?
Answering this question will be rather difficult for many investors, as the Excentral-int 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? On the Excentral-int website there is only sparse information about this. It states the operating company OM BRIDGE (PTY) Ltd with the business address Unit 6C3, 159 Rivonia Rd, Sinosteel Plaza, Morningside Ext 39, Sandton, Gauteng, 2146, South Africa. In addition, there is the obligatory support mail address and the South African phone number +271 05 951261.
Excentral-int: The customer acquisition of the investment scammers
The same procedure can be found here again and again: In order to gain customers, Excentral-int recommendations are presented in all available media and channels. Often these recommendations are false information. Furthermore, they upload image films on Youtube or Vimeo, in which prospective customers are convinced with false 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". In parallel, an affiliate program is often started to motivate others to beat the advertising drum for Excentral-int.
Excentral-int: 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 also frequently 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?
Excentral-int: repayment of the money is linked to conditions
Once in, exit is mostly impossible. Rather, the administrators of the investment scammers 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, 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 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 - in advance!
Excentral-int: Scheme of investment fraud?
There is no legitimization of the Excentral-int trading platform. Excentral-int lacks the legitimacy of 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 Financial Market Supervisory Authority (finma) or the Financial Market Authority (FMA) of Austria, which is responsible for Switzerland. It is effortless to see that Excentral-int is a scheme of capital investment fraud. All investors harmed by Excentral-int are advised to immediately consult an investment fraud lawyer.
Excentral-int: Where do the fraudsters operate?
There is no doubt that Excentral-int investors are dealing with investment fraud in Germany, Switzerland and Austria. Unfortunately, Excentral-int's activities are not limited to the DACH region. Because Excentral-int also addresses investors in ..., it is only a matter of time until the first defrauded people come forward as well. Going through the list of regulators is advisable before any financial commitment to reduce the risk of becoming a victim of investment fraud.
Excentral-int: Claims for damages against banks
Anyone wishing to provide financial services and investment transactions in Germany requires a license from the German Federal Financial Supervisory Authority (BaFin). Doing, supporting or facilitating such business, even cross-border into Germany, is prohibited. Persons who participate nevertheless in it are obligated to the concerning to payment of damages. Such investment fraud cases would certainly not have been feasible without these banks.
Excentral-int: Investors want their money back!
Fortunately, the situation is better than it seems. The aggrieved investors can defend themselves and reclaim the money they invested. As of now, it is unlikely that the Excentral-int fraudsters will be caught anytime soon, but there is still reason for hope. Especially because the transactions of the money went through accounts that were actually provided by reputable financial institutions. Those responsible apparently failed to check the investors' deposits, some of which were large and therefore subject to controls, and their onward transfer for legality. These omissions made the investment fraud possible in the first place.
Excentral-int: They want their money back! How does it work?
Equipped with this knowledge, investors would not have engaged in business with Excentral-int. Now the only alternative left for victims is to seek compensation for damages. Many investors cannot even imagine that there is any real chance of ever seeing their money back. 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 crime of money laundering is committed. Financial institutions have a duty to take action against money laundering. This is where one starts with good chances of success. In this regard, relevant questions need to be answered. Where did the money embezzled from Excentral-int disappear to? Is there a realistic chance that the defrauded investors will get back the money they invested with Excentral-int? What actions are due from now on? A lawyer specializing in investment fraud can best answer such questions.
Excentral-int: Who can help?
What to do in case of investment fraud? What kind of investment fraud help can victims of Excentral-int hope for? Excentral-int 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 Excentral-int 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 Excentral-int.
Excentral-int: Follow the money trail!
Abuses of this kind on the unregulated capital market pursue the Anlegerschutzkanzlei Resch attorneys since over three decades. The procedure of Excentral-int is from there nothing really new. Over the course of time, Resch Rechtsanwälte has developed a powerful set of tools for tracking down the stolen funds and tracing the money flows. Making funds actually disappear has become really difficult in the age of the Internet. The more expeditiously investors follow the money trail, the more likely they are to see their invested capital again. Now it is important that the investors who have been harmed by Excentral-int take action without delay.
RESCH Attorneys at Law - Experience in investor protection since 1986
If you have become a victim of Excentral-int 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.