Fincloud - Fraudulent Offshore Broker
The apparent online broker Fincloud claims to be a serious platform for online trading. However, more and more information is coming to light that everything at Fincloud is by no means straightforward. Reports from traders about Fincloud are accumulating, which speak of telephone terror, rip-offs and investment fraud. Many have lost the capital they invested with Fincloud. More and more doubts are spreading. In the meantime, many Fincloud investors are afraid that it is an investment scam. All Fincloud traders are asking themselves whether they have become victims of investment fraud? And what can Fincloud traders do if the suspicion of investment fraud is substantiated? How can Fincloud investors get their money back? Does it make sense to file a criminal complaint against Fincloud with the police? What help is available in the event of investment fraud?
Fincloud: Questionable affirmations on fincloud.capital!
What do the astonished prospective customers read on Fincloud's website? " Fincloud is a company providing brokerage services to people around the globe. Instant access to the markets from any corner of the world through any device, 24/5. Moreover, you can always fund your account using a variety of payment methods for your convenience. From the very first day of our work, we always adhere to the principles of transparent activities. We aspire to protect the interests of our customers. That is why we have prepared the Arbitrage Bot for our customers to trade automatically all the time. It is an excellent way to make profit without spending much of the time on monitoring the markets. " This is just one small passage of text of the implausible assurances that interested parties can find on Fincloud's website. Not a single one of these promises made by Fincloud has been kept. Unfortunately, the disturbing business practices rather make for unhappy traders and miserable experiences!
Fincloud: Experience on www.fincloud.capital
What experience have other traders had with Fincloud? The online broker Fincloud Capital has invariably had bad experiences for other traders. Whether trading Bitcoin or other products, traders were ultimately the victims of scammers. And have you also had bad experiences on the Fincloud platform?
Fincloud: Hide-and-seek game with the domain entry!
Remarkable for the business practices of the Fincloud makers is that the website does not contain any imprint with full details of the legally responsible operators of the website. If one looks at the corresponding domain data of the fincloud.capital website, one finds no reference to the operators there and notes that the website was only registered on 25.08.2021 by a Surreptitious Group LLC.
Fincloud: Who is behind it?
Many investors will find it rather difficult to answer this question, as the Fincloud makers do everything they can to conceal the true circumstances. This is not unusual, however, as the perpetrators often operate several 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 in order to deceive the financial supervisory and law enforcement authorities. And who is the operator? On the fincloud.capital website, there is only scant information about this. At the bottom of the website, for example, there is only the following note in miniature: "This website is owned by Surreptitious Group LLC 1343 LLC 2021 First Floor, First ST Vincent Bank LTD Building, James Street, Kingstown VC0100, St. Vincent and the Grenadines. St Vincent and the Grenadines? St Vincent and the Grenadines is a tiny island nation in the Caribbean that is also used as a domicile for shell companies. When searching for the company Surreptitiouse Group LLC in the local company register, one finds that a company of the same name has been registered with the company number 1343. The company acting as representative is Euro-Caribbean Trustees Ltd, which also acts for 1024 other companies. Here, too, one must assume that the Fincloud operators are attempting to hide behind a letterbox company.
Fincloud: The customer acquisition of the investment scammers
The same approach can be found here again and again: In order to acquire new traders, Fincloud's offers are advertised in all available media and channels. For example, advertisements are placed in social media such as Facebook. Again and again, these are false promises. To increase the effectiveness, they upload advertising films on YouTube in which interested parties 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". At the same time, an affiliate programme is usually launched to motivate others to intensively promote Fincloud.
Fincloud: 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 many 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 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. 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?
Fincloud: Repayment of the money will be subject to conditions
However, an exit is then usually no longer possible; rather, repayment of the money is linked to further payments. This is where the employees come in, claiming alleged tax debts and commission payments. These would first have to be settled, then the alleged profits would be paid out. 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 them 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; investors are often permanently confronted with calls from other dubious providers, which indicates that the investors' contact details are further traded among the investment scammers. In the end, the "saving angel" 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 "saving angel" also wants a small fee - in advance!
Fincloud: Scheme of investment fraud?
The online broker Fincloud is not regulated. Fincloud lacks the authorisation of a recognised 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. Similarly, 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. It is not difficult to see that Fincloud is a scheme of capital investment fraud. All traders harmed by Fincloud are advised to consult an investment fraud lawyer immediately.
Fincloud: Where are the fraudsters active?
Unfortunately, Fincloud's illegal activities are not limited to the English-speaking world. Because Fincloud 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 recommended before any financial commitment in order to reduce the risk of becoming a victim of investment fraud.
Fincloud: Investors want their money back!
Fortunately, the situation is not as hopeless as it seems. The victims can defend themselves and reclaim their invested capital. At the moment, it is unlikely that the Fincloud investment fraudsters will be caught soon, but there is still reason to hope. Hope because the money flowed through accounts provided by reputable financial institutions. These institutions obviously failed to check the traders' deposits, some of which were large and therefore subject to controls, and their forwarding for legality. These failures made the investment fraud possible in the first place.
Fincloud: You want your money back! How does it work?
Equipped with this knowledge, the investors would never have got involved in business with Fincloud. Now the only way left for the deceived is to try to recover the invested capital. Many investors cannot even imagine that there is a real chance of ever seeing their money again. Definitely 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 we start with good prospects of success. In this regard, essential points must be clarified. Where did the funds embezzled by Fincloud disappear to? Is there a possibility that the victims of the investment fraud will get back the money they invested with Fincloud? What actions are required from now on? Such questions can best be answered by a lawyer specialised in investment fraud.
Fincloud: Who can help?
What can be done in the case of investment fraud? What help can victims of Fincloud hope for in the event of investment fraud? Fincloud victims will ideally find the help they need from an experienced investment fraud lawyer. He is able to take care of your case with Fincloud both in terms of the criminal aspects of investment fraud, as well as the recovery of funds and possible claims for damages. A trading lawyer also comes into question because he is also familiar with the methods of fraudulent brokers such as Fincloud.
Fincloud: Follow the money trail!
The internationally active investor protection law firm Resch Rechtsanwälte has been investigating such abuses on the grey capital market for more than 30 years. Accordingly, Fincloud's way of working is nothing really new. Over the decades, Resch Rechtsanwälte has developed a sophisticated arsenal of instruments for tracking down the seized capital and tracing the money trail. Making money really disappear has become almost impossible in the age of the Internet The quicker those affected follow the money trail, the better the chances are that they will see their invested capital again. It is now important that traders who have been harmed by Fincloud take immediate action.
RESCH Rechtsanwälte - Experience in investor protection since 1986
If you have been a victim of Fincloud 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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