GSL Markets pretends to provide investors with excellent opportunities to make money online trading as fast as it is safe. Everything at GSL Markets is investment fraud. Everything the investor sees on their screen is deception. The money has gone straight into the pockets of the investment scammers. Not a penny has been invested. Nothing is traded at GSL Markets. Have you had similar experiences? What help is there for investment fraud? What can investors do who have been defrauded by GSL Markets? How can investors get their money back from dubious providers?
GSL Markets: Untrustworthy promises
What do the surprised prospective investors read on gsl-markets.com? "All GSL Markets trading account holders are assigned a personal account manager who will consult with you to provide customized training. Practical trading strategies can be executed under the guidance of industry experts so that you can increase your trading, which will be reflected in your trading account." This is just a small sample of the exaggerated assurances that curious people can find on GSL Markets' website. None of these given promises by GSL Markets have been kept. Unfortunately, the dubious business practices rather make for unhappy investors and miserable experiences!
GSL Markets: Experiences of a trader
"Unfortunately, I seem to have fallen for a racket here. After initial, unbelievable efforts by the advisors and deposits on my part were exchanged again and again and for three weeks there is no more contact, although I see that one is constantly online on the WhatsApp number used so far. Emails are not answered either and when I call, no one picks up. Withdrawal requests on the site are not processed." If you have had similar experiences, you are in the right place.
GSL Markets: who is behind it?
Since the GSL Markets makers do everything they can to conceal the true circumstances, investors will find it quite difficult to answer this question. This is truly nothing out of the ordinary, as scammers often operate several of these websites with the same fraudulent business model. These are produced in advance, put online without interruption, and shut down just as quickly; moreover, the top-level domain is often changed to fool financial regulators and law enforcement agencies. Here, too, a successor site is about to be published. Its name is GLE Markets and it can currently still be found under the Kazakh developer domain tradernew.mycube.kz. Already now the domain gslmarket.com is used in addition.
But who is the operator of GSL Markets?
There is hardly any usable information on the GSL Markets website in this regard. Although the company Fizaliya EOOD with the address Bulgaria, city of Plovdiv 4006/ region Plovdiv, Plovdiv Municipality is indicated, there the makers of GSL Markets are certainly not to be found, finally, it concerns in the best case a letterbox company. In addition, there is the British telephone number +442045773811. The domain gsl-markets.com was registered on 29.07.2022 with NameCheap, Inc. Since 24.09.2022 there is a warning of the Austrian FMA against gsl-markets.com and glsmarket.com.
GSL Markets: Is Fizaliya EOOD the operating company?
The alleged operating company named Fizaliya EOOD mentioned on the websites, which is supposed to be registered under number 2953/1996 530, seems to be merely an attempt to pretend some kind of legality in our eyes. There is a company with this name in the Bulgarian Commercial Register, but the company number does not match the number given by the creators of the GSL Markets platform. The number registered in the Commercial Register is 115037646. Simeon Alyoshev was identified as the owner of the company. Our ongoing investigations will reveal whether the people behind this construct are based in Bulgaria and whether the aforementioned Fizaliya EOOD is indeed the operating company of GSL Markets.
GSL Markets: Scheme of the investment fraud
The investment fraud follows the well-known scheme: investors initially put in a small sum - usually, 250 euros - and are impressed by how quickly this amount increases, so much so that they are willing to "invest" higher and higher sums. The disputes start as soon as an investor wants to have his money paid out, because now flimsy taxes, commissions, fees or whatever have to be paid first. Many investors realize much too late that they have fallen for investment scammers who never intended to pay out the money again.
GSL Markets: What help is available for investment fraud?
How to proceed in case of investment fraud, many desperate investors ask themselves, because criminal charges hardly make sense, since criminal charges are mainly for prosecution, but not for recovering the money. What kind of help can one hope for in investment fraud cases and how do defrauded investors get their money back? A lawyer specializing in investment fraud must know how to follow the money trail, because as it used to be said, money is not gone, but somewhere else. Today, you can add to that: It is complicated, but with the proper tools it is possible to systematically track money digitally - even if it was deposited with Bitcoin through a Crypto Exchanger.
RESCH Rechtsanwälte GmbH - Experience in investor protection since 1986.
If you have been a victim of GSL Markets 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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