The alleged online broker Global Income Trade claims to be a secure platform for online trading. However, there are more and more indications that Global Income Trade is not doing things by the book. More and more traders are reporting telephone terror, rip-offs and investment fraud at Global Income Trade. All of them have lost the capital they invested with Global Income Trade. Serious doubts are being raised. Meanwhile, many Global Income Trade traders are worried that it is an investment scam. The Global Income Trade website is still up. All Global Income Trade traders are wondering if they have been victims of an investment scam? And what can Global Income Trade investors do if the suspicion of investment fraud is substantiated? How do Global Income Trade traders get their money back? Does it make sense to file a criminal complaint against Global Income Trade with the police? Where can I get help with investment fraud?
Global Income Trade: Half-Silent Pledges on globalincometrade.com!
What do the baffled prospective investors read on the Global Income Trade website? " The site is owned by Global Income Trade Ltd. a registered company in the UK for cryptocurrency investments solution. We give a chance to new, dynamilcally developing ICO projects that bring huge profits in an amazing short time. Join Us by choosing one of our plans today " This is just one small example of the implausible claims that interested parties can find on Global Income Trade's website. Not a single one of these lofty promises by Global Income Trade has been kept. Unfortunately, the disturbing business practices tend to make for disappointed investors and bad experiences!
Global Income Trade: Hide and Seek Domain Entry!
Remarkable for the business practices of the Global Income Trade 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 website globalincometrade.com, one finds no reference to the operators there and notes that the website was only registered on 15.05.2020.
Global Income Trade: Who is behind it?
Many investors will find it rather difficult to answer this question, as the global income trade 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? There is no information about this on the website globalincometrade.com. The contact details include a supposed business address on 14th Broadway Avenue in New York, but Global Income Trade cannot be found there. A worldwide search for Global Income Trade in the relevant registers leads to no result and makes it clear that this is a purely imaginary product.
Global Income Trade: The Client Acquisition of the Investment Fraudsters
The same approach can be found here again and again: In order to acquire new traders, the recommendations of Global Income Trade are advertised in all conceivable media and channels. For example, advertisements are placed in social media such as Facebook. Most of the time, the offers are false information. To increase the effect, they upload image films on YouTube in which interested traders are convinced with fictitious 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 encourage others to promote Global Income Trade.
Global Income Trade: 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 manipulated afterwards 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?
Global Income Trade: Repayment of the money will be conditional
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 "saviour" 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 "saviour" also wants a small fee - in advance!
Global Income Trade: Scheme of Investment Fraud?
There is no regulation of the Global Income Trade trading platform. Global Income Trade lacks the authorisation of 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. 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 easy to see that Global Income Trade isa scheme of capital investment fraud. All traders harmed by Global Income Trade are advised to contact an investment fraud lawyer as soon as possible.
Global Income Trade: Where are the investment fraudsters active?
Unfortunately, the illegal activities of Global Income Trade are not limited to the English-speaking world. Because Global Income Trade 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 supervisory authorities is recommended before any financial commitment in order to reduce the risk of becoming a victim of investment fraud.
Global Income Trade: Investors want their money back!
Fortunately, the constellation is not as hopeless as it seems. The victims can take countermeasures and reclaim their money. At present, it is unlikely that the investment fraudsters of Global Income Trade will be caught any time soon, but there is nevertheless reason for hope. The reason for this is the fact that the money transactions were carried out via accounts provided by financial institutions with a good reputation. Unfortunately, these financial institutions failed to check the traders' deposits, some of which were high and therefore subject to controls, and their forwarding for illegality. Such negligence enabled the investment fraudsters to carry out their criminal activities in the first place.
Global Income Trade: They want their money back! How does it work?
Equipped with this knowledge, no one would have entered into business with Global Income Trade. Now the only alternative left for the defrauded is to try to recover the money they invested. 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 come in if there is a good chance of success. Beforehand, important points should be clarified. To which destination did the funds moved by Global Income Trade end up? Is there a possibility that the defrauded traders will get back the money they invested with Global Income Trade? What actions are obligatory from now on? A lawyer specialised in investment fraud can answer these questions comprehensively.
Global Income Trade: Who can help?
What to do in case of investment fraud? What help can victims of Global Income Trade hope for in the event of investment fraud? Global Income Trade victims will ideally find the help they need from an experienced investment fraud lawyer. He will be able to take care of your Global Income Trade 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 lawyer is also an option because they are also aware of the methods used by fraudulent brokers such as Global Income Trade.
Global Income Trade: Tracking the Money!
This type of malpractice on the non-regulated capital market has been pursued by the internationally active investor protection law firm Resch Rechtsanwälte for over 30 years. In this respect, Global Income Trade's modus operandi is nothing new. Over the decades, Resch Rechtsanwälte has developed a strong arsenal of instruments for tracking down the investments that have been set aside and tracing the flow of money. In times of the internet, it has become extremely difficult to make funds really disappear. The sooner those affected follow the money trail, the more promising it is that they will see their invested capital again. Now it is important that the investors who were harmed by Global Income Trade take action without delay.
RESCH Rechtsanwälte - Experience in investor protection since 1986
If you have been a victim of Global Income Trade and want to know if and how you can get your money back, call +49 30 885 9770 or fill in the questionnaire. You will receive a free assessment of your case.
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