The alleged online broker KryptoEUClub pretends to be a trustworthy platform for online trading. However, there is increasing evidence that there are serious abuses at KryptoEUClub. Reports from traders about KryptoEUClub are accumulating, which speak of telephone terror, rip-offs and investment fraud. Traders have lost all their money invested with KryptoEUClub. Doubt is the order of the day. Meanwhile, many KryptoEUClub investors fear that it is an investment scam. The KryptoEUClub website is still accessible. All traders of KryptoEUClub are wondering if they have become victims of investment scammers? And what can the traders of KryptoEUClub do if the suspicion of investment fraud is confirmed? Will the investors of KryptoEUClub get their money back? Does it make sense to file a criminal complaint against KryptoEUClub with the police? What help is available for investment fraud?
KryptoEUClub: Doubtful promises on kryptoeuclub.com!
What must unsuspecting prospective investors receive on the KryptoEUClub website? "At KClub, we deeply believe in exploring innovative technology designed with the end user in mind. Within our platform, we offer features that are intuitive and allow crypto traders to explore the digital asset market with confidence. We offer a team of dedicated personal account managers who have the willingness to guide you through all of the platform's functionalities to ensure your continued safety and informed decision making." This is just one small passage of the questionable assurances prospective customers will find on KryptoEUClub's website. Not one of these full-bodied promises by KryptoEUClub has been kept. Unfortunately, the dubious business conduct is more likely to lead to disappointed investors and bad experiences!
KryptoEUClub: Hide-and-seek game with the domain entry!
Remarkable for the business practices of the KryptoEUClub makers is that the website does not contain any imprint with complete information about the legally responsible operators of the website. If you look at the corresponding domain data of the website www.kryptoeuclub.com, you will find no reference to the operators and discover that the website was only registered on 05.08.2021 and that the real domain owners are hiding behind the Icelandic anonymisation service Withheld for Privacy ehf.
KryptoEUClub: Who is behind it?
Answering this question will be rather difficult for many investors, as the KryptoEUClub 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? The website www.kryptoeuclub.com does not provide any information on this. A business address is completely missing, only the obligatory support email address can be found among the contact details. A worldwide search for KryptoEUClub in the relevant registers leads to no results and makes it clear that this is a pure fantasy product.
KryptoEUClub: The customer acquisition of the investment fraudsters
The same approach can be found here again and again: In order to attract new traders, the offers of KryptoEUClub are advertised in all available media and channels. For example, advertisements are placed in social media, such as Facebook. Often this is false information. In addition, they upload films on YouTube in which interested parties 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 programme is usually started to encourage others to advertise intensively for KryptoEUClub.
KryptoEUClub: 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, the investors are often motivated to install remote maintenance software such as Anydesk or Teamviewer on their computers so that they can supposedly be helped 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 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?
KryptoEUClub: Repayment of money is tied to conditions
However, it is then usually no longer possible to exit; instead, 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 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 "saving angel" 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 "saving angel" also wants a small fee - up front!
KryptoEUClub: Scheme of investment fraud?
There is no legitimisation of the online broker KryptoEUClub. KryptoEUClub lacks the authorisation of 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. 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. It is hard to overlook the fact that KryptoEUClub is a scheme of capital investment fraud. All traders harmed by KryptoEUClub are advised to immediately contact an investment fraud lawyer.
KryptoEUClub: Where are the fraudsters active?
The illegal activities of KryptoEUClub are unfortunately not limited to the English-speaking world. Because KryptoEUClubebenso 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 recommended before any financial commitment in order to reduce the risk of becoming a victim of investment fraud.
KryptoEUClub: Investors want their money back!
The circumstances are far from as hopeless as they seem. The aggrieved traders can defend themselves and demand their invested capital back. At the moment it is rather unlikely that the investment fraudsters of KryptoEUClub will be caught soon, but nevertheless there is reason to hope. The reason for this is the fact that the money transactions took place via accounts that were actually provided by reputable banks. Those responsible obviously neglected to check the traders' deposits, some of which were large and therefore subject to controls, and their onward transfer for illegality. Omissions of this kind made the investment fraud possible in the first place.
KryptoEUClub: They want their money back! How does that work?
With this knowledge, no investor would have agreed to invest with KryptoEUClub. Now the only alternative left for the deceived is to seek compensation. 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. Important points should be clarified beforehand. To which destination have the funds embezzled by KryptoEUClub been taken? Is there a possibility that the aggrieved investors will get back the money they invested with KryptoEUClub? What precautions are needed next? A lawyer specialising in capital investment fraud is best placed to answer such questions.
KryptoEUClub: Who can help?
What to do in case of investment fraud? What help can the victims of KryptoEUClub hope for in the case of investment fraud? The victims of KryptoEUClub will ideally find the help they need from an experienced investment fraud lawyer. He will be able to take care of your case with KryptoEUClub both in terms of the criminal aspects of the 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 KryptoEUClub.
KryptoEUClub: Follow the money!
This kind of malpractice on the unregulated capital market has been pursued by the internationally active investor protection law firm Resch Rechtsanwälte for more than three decades. In this respect, the way of the KryptoEUClub is nothing really new. Over the decades, Resch Rechtsanwälte have developed an extensive range of instruments for tracking down the withheld funds and tracing the money trails. Making funds really disappear is becoming more and more elaborate in times of the internet. The more swiftly traders follow the money trail, the greater the chances that they will get back the capital they have invested. Now it is important that the traders who were harmed by KryptoEUClub take immediate action.
RESCH Attorneys at Law - Experience in Investor Protection since 1986
If you have been a victim of KryptoEUClub 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.