Finance-Hub - British FCA warns
The alleged online broker Finance-Hub sells itself as a serious platform for online trading. However, there are numerous indications that there are significant shortcomings at Finance-Hub. More and more investors report telephone terror, rip-offs and investment fraud in connection with Finance-Hub. Investors have lost all their capital invested with Finance-Hub. Serious doubts are announced. Meanwhile, many investors of Finance-Hub have the feeling that it is an investment fraud. All Finance-Hub investors are asking themselves whether they have fallen victim to investment fraudsters? And what can Finance-Hub investors do if the suspicion of investment fraud is confirmed? Will Finance Hub investors get their money back? Does it make sense to file a criminal complaint against Finance-Hub with the police? Where can I get help with investment fraud?
Finance-Hub: Hide-and-seek game with the domain entry!
Remarkable for the business practices of the Finance-Hub makers is that the website finance-hub.org does not contain an imprint. Thus, the complete information about the legally responsible operators of the website is missing. If one takes a look at the domain data of the website of Finance-Hub, there are no references to the operators to be found. However, one learns that the domain was only registered on 03.06.2021 with NameCheap, Inc. The real domain owners hide behind the Icelandic anonymization service Withheld for Privacy ehf.
Finance-Hub: Who is behind it?
Answering this question will be rather difficult for many investors, as the Finance-Hub 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? There is scant information about this on the Finance-Hub website. There is neither a company nor a business address. There is only the obligatory support e-mail address and the telephone numbers +44751703184 for England and the two Belgian telephone numbers +3228082951 and +3228082953. A worldwide search for Finance-Hub in the relevant registers leads to no results. This makes it clear that this is a purely fictitious product.
Finance Hub: The customer acquisition of the investment cheats
Here again and again the same proceeding is found: In order to attract new investors the recommendations of Finance Hub are presented in all available media and channels. Again and again, these recommendations are incorrect claims. To reinforce their effectiveness, they upload films to Youtube in which interested investors 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". In parallel, a mostly aggressive affiliate program is launched to spur others to intensively promote Finance-Hub.
Finance-Hub: criminal business practices.
As soon as the customer has registered on the trading platform, he receives calls from alleged finance 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 increase the stakes further? But what happens next?
Finance hub: repayment of money is subject 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!
Finance-Hub: Scheme of investment fraud?
There is no authorization of the trading platform Finance-Hub. Finance-Hub lacks legitimacy from 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 09.09.2021. It is also difficult to overlook the fact that Finance-Hub is a scheme of capital investment fraud. All traders harmed by Finance-Hub are advised to consult an investment fraud lawyer immediately.
Finance-Hub: Where are the investment fraudsters active?
Unfortunately, the illegal activities of Finance-Hub are not limited to the English-speaking world. Because Finance-Hub addresses German-speaking investors as well, it is only a matter of time until the defrauded investors of this speaker group come forward as well. Going through the list of regulators is advisable before any financial engagement to reduce the risk of becoming a victim of investment fraud.
Finance Hub: investors want their money back!
The situation is far more promising than it seems. The aggrieved investors can claim back money invested against those involved in the investment fraud. At present it is not to be expected that the investment fraudsters of Finance Hub are seized soon, nevertheless there is cause to hope. Hope because the funds flowed through accounts provided by reputable financial institutions. These obviously failed to check the sometimes high and therefore controllable deposits of the investors and their forwarding for illegality. Such omissions made the investment fraud possible in the first place.
Finance Hub: They want their money back! How does it work?
Equipped with this knowledge, the investors would never have agreed to invest with Finance-Hub. Now the only alternative left for the deceived is to try to recover the misappropriated capital. Many investors cannot even imagine that there is a real chance of ever seeing their money again. Probably all of them are now wondering if 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. To do this, essential points must be clarified. Where did the money embezzled from Finance Hub disappear to? Is there a possibility that the victims of the investment fraudsters will get back the money they invested with Finance-Hub? What steps are required now? A lawyer specializing in investment fraud will best answer such questions for you.
Finance-Hub: Who can help?
What to do in case of investment fraud? What kind of investment fraud help can Finance-Hub victims hope for? Finance-Hub 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 case with Finance-Hub 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 Finance-Hub.
Finance-Hub: Follow the money!
Such abuses on the not regulated capital market pursue the internationally active Anlegerschutzkanzlei Resch attorneys for over 30 years. The procedure of the Finance hub is in this respect nothing new. Over the decades, Resch Rechtsanwälte has developed powerful tools for tracking down retained capital and tracing the flow of funds. Making funds disappear is becoming increasingly complicated in the age of the Internet. The faster those affected can track the money, the more promising it is that they will be able to have their money secured. Now it depends on the fact that the investors damaged by Finance Hub act without delay.
RESCH Attorneys at Law - Experience in investor protection since 1986
If you have become a victim of Finance-Hub 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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