The apparent online broker ITE Global Limited poses as a reputable platform for online trading. However, there is increasing evidence that there are considerable shortcomings at ITE Global Limited. Reports from traders about ITE Global Limited are piling up, which speak of telephone terror, rip-offs and investment fraud. Many have lost their money invested with ITE Global Limited. Serious doubts are being raised. Meanwhile, many ITE Global Limited investors are worried that it is an investment scam. The website of ITE Global Limited is still accessible. All the traders of ITE Global Limited are wondering if they have become victims of investment fraud? And what can ITE Global Limited investors do if the suspicion of investment fraud is substantiated? Will ITE Global Limited investors get their money back? Does it make sense to file a criminal complaint against ITE Global Limited with the police? What help is available in the event of investment fraud?
ITE Global Limited: Doubtful information on iteg.cc!
What are the baffled visitors to the ITE Global Limited website being led to believe? "We are committed to providing diverse online financial transaction services to retail and institutional clients worldwide. Through the diversity of transactions, transparent pricing and high quality of transaction execution, ITE Company has always been a leader in the industry. Through ITE Company gloabl limited MetaTrader 5 platform, you will experience unprecedented high quality transactions. We offer you a very competitive market niche and sincere service and support from professional teams. At ITE Company global limited, you can enjoy leverage ratio up to 100:1, unlimited EA intelligent trading system settings, free trading tools and chart plug-ins, and diversified trading software like mobile platform." This is just a small sample of the exaggerated claims investors will find on ITE Global Limited's website. Not a single one of these full-bodied promises made by ITE Global Limited has been delivered. Regrettably, the dubious business practices tend to make for unhappy investors and bad experiences!
ITE Global Limited: Hide and seek domain entry!
Remarkable for the business practices of the ITE Global Limited 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 iteg.cc, one finds that the website was only registered on 08.06.2021.
ITE Global Limited: Who is behind it?
Many investors will find it rather difficult to answer this question, as the ITE Global Limited perpetrators 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 website iteg.cc there is only scanty information about this. At the bottom of the page, for example, there is the following note in miniature: "ITE GLOBAL LIMITED is supervised by the British government and its company number is 13453338. It is the world's leading online foreign exchange trading platform. Since its establishment, it has been providing investment services and activities for customers. The company's office address is 291 Brighton Road, South Croydon, Surrey, CR2 6EQ, United Kingdom". In fact, ITE Global Limited can be found under the specified registration number in the British Commercial Register. However, this company was only registered on 14.06.2021 by the Chinese Zhengwu Li. It can be assumed that this is merely a shell company.
ITE Global Limited: The customer acquisition of investment fraudsters
The same approach can be found here again and again: In order to attract new customers, the offers of ITE Global Limited are propagated in all conceivable media and channels. For example, advertisements are placed in the social media, such as Facebook. Most of these recommendations are false promises. In addition, they upload videos 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". In parallel, an affiliate programme is usually started to motivate others to beat the advertising drum for ITE Global Limited.
ITE Global Limited: 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?
ITE Global Limited: 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 "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!
ITE Global Limited: Is it investment fraud?
The online broker ITE Global Limited is not regulated. ITE Global Limited lacks authorisation by 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 easy to overlook the fact that ITE Global Limited is a scheme of capital investment fraud. All investors harmed by ITE Global Limited are advised to consult an investment fraud lawyer immediately.
ITE Global Limited: Where do the fraudsters operate?
Unfortunately, the illegal activities of ITE Global Limited were not limited to the English-speaking world. Because Capital Swiss also addresses German-speaking and Chinese 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.
ITE Global Limited: Investors want their money back!
The situation is far more promising than it seems. The aggrieved investors can take action against the investment fraud and reclaim their invested capital. At the moment, it is not to be expected that the investment fraudsters of ITE Global Limited will be apprehended soon, but there is still reason to hope. The reason for this is the fact that the money transactions were carried out via accounts provided by financial institutions striving to maintain a good reputation. Unfortunately, those responsible failed to check the traders' deposits, some of which were high and therefore subject to controls, and their forwarding for illegality. Omissions of this kind made the investment fraud possible in the first place.
ITE Global Limited: You want your money back! How does it work?
Equipped with this knowledge, the investors would not have gone for an investment with ITE Global Limited. Now the only alternative left for the deceived is to seek compensation for the loss. Many investors cannot even imagine that there is any real chance of ever seeing their money back. 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. For this, essential questions have to be answered. Where have the funds embezzled by ITE Global Limited been taken? Are there realistic prospects of the defrauded traders getting back the money they invested with ITE Global Limited? What action is needed now? Such questions can best be answered by a lawyer specialising in investment fraud.
ITE Global Limited: Who can help?
What to do in case of investment fraud? What help with investment fraud can victims of ITE Global Limited hope for? Victims of ITE Global Limited will ideally find the help they need from an experienced investment fraud lawyer. He will be able to take care of your case with ITE Global Limited both in terms of the criminal aspects of the 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 ITE Global Limited.
ITE Global Limited: Follow the money trail!
The internationally active investor protection law firm Resch Rechtsanwälte has been pursuing such abuses on the unregulated capital market for more than three decades. As a result, the practices of ITE Global Limited are nothing new. Over the decades, Resch Attorneys at Law have developed a powerful arsenal of instruments for tracking down the misappropriated sums of money and tracing the money trails. Making money really disappear is becoming increasingly difficult in the age of the Internet. The sooner those affected follow the money trail, the greater the chances that they will get back the capital they have invested. It is important now that those harmed by ITE Global Limited act immediately.
RESCH Rechtsanwälte - Experience in investor protection since 1986
If you have been a victim of ITE Global Limited 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.