GC Forex - British FCA warns
The alleged online broker GC Forex pretends to be a serious platform for online trading. However, there are numerous indications that GC Forex is not above board. More and more investors are reporting telephone terror, rip-offs, and investment fraud in connection with GC Forex. All investors lost their capital invested with GC Forex. More and more doubts are spreading. In the meantime, many investors of GC Forex are worried that it is investment fraud. All GC Forex investors are asking themselves whether they have become victims of investment fraudsters? And what can GC Forex investors do if the suspicion of investment fraud is substantiated? How can GC Forex investors get their money back? Does it make sense to file a criminal complaint against GC Forex with the police? What help is available in the event of investment fraud?
GC Forex: Hide-and-seek game with the domain entry!
Remarkable for the business practices of the GC Forex makers is that the website does not contain an imprint. Thus, the full details of the legally responsible operators of the website are missing. If one takes a look at the domain data of the GC Forex website, there are no references to the operators. However, one learns that the domain was only registered on 01.12.2021 with NameCheap, Inc. The real domain owners are hiding behind the anonymisation service Withheld for Privacy ehf.
GC Forex: Who is behind it?
Many investors will find it rather difficult to answer this question, as the GC Forex makers do everything they can to conceal the true circumstances. However, this is nothing unusual. The perpetrators usually operate several of these websites with the same fraudulent business model. These are created in advance, quickly put on the net, and just as quickly shut down. The top-level domain is often changed to deceive the financial supervisory and law enforcement authorities. But who is the operator? There is scant information about this on the GC Forex website. Although the company GC Forex with the business address 680 E 47th St, Los Angeles, California, USA, CA 90011 is given, the makers of GC Forex cannot be found under this address. In addition, there is the obligatory support e-mail address and the incomplete telephone number +15710001. A worldwide search for GC Forex in the relevant registers leads to no result. This makes it clear that this is a pure fantasy product.
GC Forex: The customer acquisition of the investment fraudsters
The same procedure can be found here again and again: In order to gain customers, the offers of GC Forex are promoted in all available media and channels. Often enough, these recommendations are false promises. To increase the deception, 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". At the same time, an affiliate program is usually launched to motivate others to beat the advertising drum for GC Forex.
GC Forex: 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. 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 they can supposedly receive help with the first steps. In many cases, the computer is manipulated afterward 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 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?
GC Forex: Repayment of money is subject to conditions
Once in, it is usually impossible to get out. Instead, the administrators of the investment scams tie the repayment of the money to further deposits. This is where employees come in, claiming alleged tax debts and commission payments. If these are settled, the alleged profits are paid out. The perpetrators send investors self-made tax and commission statements, often decorated with fake coats of arms. These would have to be paid urgently. It is never possible to offset them against the alleged profits. If an investor refuses to make further deposits, supposed profits are turned into losses through senseless transactions and the client is damaged to the maximum. The horror does not end there, but investors are permanently confronted with calls from other dubious providers. This indicates that the investors' contact details are traded among the investment fraudsters. In the end, a "savior" 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 "savior" also wants a small fee - upfront!
GC Forex: Scheme of investment fraud?
There is no authorization of the online broker GC Forex. GC Forex lacks legitimisation by a recognised European financial 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 authorisation 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 16.02.2022. It is easy to see that GC Forex is a scheme of capital investment fraud. All investors harmed by GC Forex should be advised to consult an investment fraud lawyer immediately.
GC Forex: Where do the investment fraudsters operate?
Unfortunately, the illegal activities of GC Forex are not limited to the English-speaking world. Because GC Forex also addresses German-speaking investors, it is only a matter of time before the defrauded investors of this speaker group also come forward. A look at the list of regulators is advisable before any financial commitment to reduce the risk of becoming a victim of investment fraud.
GC Forex: Investors want their money back!
Fortunately, the situation is not as hopeless as it seems. The aggrieved investors can file a lawsuit against those involved in the investment fraud and reclaim the money they invested. As things stand, it is unlikely that the GC Forex investment fraudsters will be caught short, but there is nevertheless reason to hope. This is especially true because the money transactions were carried out via accounts provided by reputable financial institutions. They failed to check the investors' deposits, some of which were large and therefore subject to controls, and their onward transfer for illegality. Such delays made investment fraud possible in the first place.
GC Forex: They want their money back! How does that work?
With this knowledge, investors would not have agreed to invest with GC Forex. Now the only option left for the defrauded is to seek compensation. Many investors cannot even imagine that there is any real chance of ever seeing their money again. 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 offence of money laundering has been committed. Financial institutions are obliged to take action against money laundering. This is where one starts with good chances of success. Relevant questions must be answered beforehand. To what destination did the funds embezzled by GC Forex end up? Is there a chance that the aggrieved investors will get back the money they invested with GC Forex? What actions are required next? A lawyer who specialises in investment fraud will be happy to answer such questions thoroughly for you.
GC Forex: Who can help?
What to do in case of investment fraud? What help can victims of GC Forex hope for in the event of investment fraud? Victims of GC Forex will ideally find the help they need from an experienced investment fraud lawyer. He or she will be able to take care of your GC Forex 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 also comes into question, because he is also familiar with the methods of fraudulent brokers such as GC Forex.
GC Forex: Follow the money!
The internationally active investor protection law firm Resch Rechtsanwälte has been investigating such abuses on the unregulated capital market for more than three decades. From this point of view, the actions of GC Forex are nothing new. Over the years, Resch Rechtsanwälte has developed a powerful tool for tracking down stolen investments and tracing the flow of money. In times of the internet, it has become extremely difficult to make funds disappear. The faster investors follow the money trail, the more promising it is that they can have their money secured. Now it is important that the investors who were harmed by GC Forex take action without delay.
RESCH Attorneys at Law - Experience in Investor Protection since 1986
If you have been a victim of GC Forex 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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