The apparent online broker Globchains sells itself as a reputable platform for online trading. However, there is increasing information that unacceptable conditions prevail at Globchains. Reports from traders about Globchains are accumulating, talking about telephone terror, rip-offs and investment fraud. All have lost their capital invested with Globchains. More and more doubts are spreading. Meanwhile, many traders of Globchains have the feeling that it is an investment scam. The website of Globchains can still be accessed. All investors of Globchains are wondering if they have become victims of an investment fraud? And what can Globchains investors do if the suspicion of investment fraud is confirmed? Will the investors of the Globchains get their money back? Does it make sense to file a criminal complaint against Globchains with the police? Where can I get help in case of investment fraud?
Globchains: Bland promises on globchains.com!
What are surprised investors being served up on globchains.com? "Learning to trade is a process and not a station where you stop. The more you learn, the easier it will be for you to trade. Trade with the best trading platform, the fastest and the safest on the market. Choose your trading platform depending on your knowledge and experience. Always consider the advice of financial experts so that your decisions are based on analysis and logical arguments. Today is the right day to have an account with Globchains. We have our finger on the pulse because we don't want to lose a single opportunity. We want to turn every market opportunity into profits for each of our traders. We want to thank you for your trust with the best trading help, expertise and support you can find in this industry." This is just a small passage of the exaggerated assurances that interested parties can find on Globchains' website. None of these given promises by Globchains have been delivered. Unpleasantly, the dubious business practices rather make for unhappy investors and bad experiences!
Globchains: Hide-and-seek game with the domain entry!
Remarkable for the business practices of the Globchains makers is that the website does not contain any imprint with complete information about the legally responsible operators of the website. If you take a look at the corresponding domain data of the website globchains.com, you will not find any reference to the operators there and you will find that the website was only registered with NameCheap, Inc. on 08.06.2021 and that the real domain owners are hiding behind the Icelandic anonymization service Withheld for Privacy ehf.
Globchains: Who is behind it?
Answering this question will be rather difficult for many investors, as the Globchains makers do everything they can to conceal the true circumstances. However, this is not unusual, 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 also in order to deceive the financial supervisory and law enforcement authorities. And who is the operator? The website globchains.com provides only sparse information on this. The Rivergate Business Center in Vienna is given as the presumed business address. In addition, there is a telephone number with a British area code, +442038161279, and one with an Austrian area code (+43720360556), as well as the obligatory support e-mail address. The worldwide search for Globchains in the relevant registers leads to no result and makes it clear that this is a pure fantasy product.
Globchains: The customer acquisition of the investment fraudsters
Here again and again the same proceeding is found: In order to acquire new customers, the offers of globchains are advertised in all possible media and channels. For example, advertisements are placed in social media, such as Facebook. Again and again, the offers are false promises. To increase the deception, they upload videos on Youtube or Vimeo, 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 program is often launched to motivate others to beat the advertising drum for Globchains.
Globchains: 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 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. 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?
Globchains: Repayment of the money is linked to conditions
However, an exit is then usually no longer possible, rather a repayment of the money is linked to further deposits. This is where the employees come in, claiming alleged tax debts and commission payments. These would have to be settled first, then it would come to the disbursement of the allegedly obtained profits. 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 these payments 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, but the investors are often permanently confronted with calls from other dubious providers, which indicates that the contact details of the investors are further traded among the investment scammers. In the end, the "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!
Globchains: Scheme of investment fraud?
There is no authorization of the Globchains trading platform. Globchains lacks authorization by 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 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 overlook the fact that Globchains is a scheme of capital investment fraud. All traders harmed by Globchains are advised to consult an investment fraud lawyer without delay.
Globchains: Where are the investment fraudsters active?
Traders are dealing with Globchains investment fraud in Germany, Switzerland and Austria. Unfortunately, the illegal activities of Globchains are not limited to the DACH region. Because Globchains addresses traders all over the world with a translation tool, it's only a matter of time until the scammed get in touch from everywhere. Going through the list of regulators is advisable before making any financial commitment to reduce the risk of becoming a victim of investment fraud.
Globchains: claims for damages against participating banks
In Germany, it is prohibited to provide financial services and investment transactions without a license from the German Federal Financial Supervisory Authority (BaFin). It is prohibited to conduct, support or facilitate such transactions, even across borders into Germany. Persons and companies who nevertheless participate in such transactions are obliged to pay damages to investors who have suffered losses. These investment fraud cases would probably not have been feasible without such banks.
Globchains: Investors want their money back!
Fortunately, the circumstances are not as hopeless as they seem. The aggrieved investors can defend themselves and reclaim the money they invested. As of today, it is unlikely that the Globchains investment fraudsters will be caught in time, but there is still reason to hope. The reason for this is the fact that the money transactions took place via accounts that were actually provided by reputable financial institutions. The responsible parties demonstrably failed to check the traders' deposits, some of which were high and therefore subject to control, and their forwarding for legality. Such delays enabled the investment fraudsters to carry out their criminal activities in the first place.
Globchains: They want their money back! How does that work?
Knowing this, investors would not have agreed to invest with Globchains. Now the only alternative left for those who have been defrauded is to seek redress for the damage. Many investors cannot even imagine that there is any real chance of ever seeing 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 are obliged to take action against money laundering. This is where we start with good prospects of success. Important points must be clarified in advance. Where have the funds moved by Globchains been taken? Is there a possibility for the bounced investors to get back their money invested with Globchains? What precautions are obligatory next? You can get the answers to these questions from a lawyer specializing in investment fraud.
Globchains: Who can help?
What to do in case of investment fraud? What help in the case of investment fraud can victims of globchains hope for? Victims of globchains will ideally find the help they need from an experienced investment fraud lawyer. He or she will be able to take care of your case involving globchains 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 Globchains.
Globchains: Follow the money trail!
Such abuses on the grey capital market have been pursued by the investor protection law firm Resch Rechtsanwälte for more than three decades. The methods of the Globchains are from therefore nothing really new. Over the years, Resch Rechtsanwälte has developed a powerful range of tools for tracking down the evaded funds and tracing the money flows. In the age of the Internet, it has become really difficult to make funds truly disappear. The sooner traders follow the money trail, the better the chances are that they will see their invested capital again. Now it depends on the fact that the investors damaged by Globchains act immediately.
RESCH Attorneys at Law - Experience in investor protection since 1986
If you have been a victim of Globchains 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.