Legal Cost Finance - Fraudulent Online Broker
The ostensible online broker Legal Cost Finance sells itself as an impeccable platform for online trading. However, there are numerous indications that there are serious irregularities at LEGAL COST FINANCE LIMITED. Reports from traders about LEGAL COST FINANCE LIMITED are piling up, with talk of telephone terror, rip-offs and investment fraud. Many have lost their capital invested with LEGAL COST FINANCE LIMITED. Serious doubts are spreading. Meanwhile, many traders of LEGAL COST FINANCE LIMITED are worried that it is an investment scam. The website of LEGAL COST FINANCE LIMITED is still accessible. All investors in LEGAL COST FINANCE LIMITED are wondering if they have been victims of investment fraud? And what can the investors of LEGAL COST FINANCE LIMITED do if the suspicion of investment fraud is substantiated? How can investors in LEGAL COST FINANCE LIMITED get their money back? Does it make sense to file a criminal complaint against LEGAL COST FINANCE LIMITED with the police? What help is available in the event of investment fraud?
LEGAL COST FINANCE LIMITED: Exaggerated promises on the website
What are the baffled traders being led to believe on the LEGAL COST FINANCE LIMITED website? "In 2003, the founders of LEGAL COST FINANCE LIMITED launched the first online trading service under the LEGAL COST FINANCE LIMITED brand. Full of energy and determination, we worked to realise our unique vision for the industry. We offer our clients a high quality of service and guarantee maximum security for their assets. For this reason, we have developed our own investment security policy. LEGAL COST FINANCE LIMITED ensures the necessary segregation of client funds from the company's operating assets. This approach ensures that investors' money is safe even if the company becomes insolvent." This is just one small example of the implausible assurances traders will find on LEGAL COST FINANCE LIMITED's website. None of these lofty assurances by LEGAL COST FINANCE LIMITED have been kept. Unfortunately, the troubling business practices tend to make for unhappy traders and miserable experiences!
LEGAL COST FINANCE LIMITED: Hide and seek domain registration!
Remarkable for the business practices of the LEGAL COST FINANCE 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 legal-cost-finance.com, one finds no reference to the operators there and notes that the website was only registered on 01.10.2021 via ALIBABA.COM SINGAPORE E-COMMERCE PRIVATE LIMITED.
LEGAL COST FINANCE LIMITED: Who is behind it?
Many investors will find it rather difficult to answer this question, as the LEGAL COST FINANCE 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 legal-cost-finance.com there is only scanty information about this. The contact details include a registration number and a supposed business address. In fact, under the given registration number, there is an entry in the British company register, which refers to a LEGAL COST FINANCE LIMITED, which was founded in September 2013 by the Australian Yuri Rapoport with a share capital of 1 GBP. However, this company has had the status of a micro-company since 2017, so there have been no significant business activities officially since then. If there is indeed a connection between the legal-cost-finance.com platform and the registered company, the latter is probably only serving as a shell company.
LEGAL COST FINANCE LIMITED: The customer acquisition of investment fraudsters
The same approach can be found here again and again: In order to win customers, the offers of LEGAL COST FINANCE LIMITED are promoted in all available media and channels. For example, advertisements are placed in the social media, such as Facebook. Often enough, these recommendations are false promises. To increase the deception, they upload image films on YouTube or Vimeo in which prospective customers 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 launched to motivate others to beat the advertising drum for LEGAL COST FINANCE LIMITED.
LEGAL COST FINANCE 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 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?
LEGAL COST FINANCE 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!
LEGAL COST FINANCE LIMITED: Scheme of Investment Fraud?
LEGAL COST FINANCE LIMITED is not legitimised as an online broker. LEGAL COST FINANCE LIMITED lacks the legitimacy 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. 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 also difficult to overlook the fact that LEGAL COST FINANCE LIMITED is a scheme of capital investment fraud. All victims of LEGAL COST FINANCE LIMITED are advised to consult an investment fraud lawyer immediately.
LEGAL COST FINANCE LIMITED: Where do the fraudsters operate?
Unfortunately, the illegal activities of LEGAL COST FINANCE LIMITED were not limited to the English-speaking world. Because Capital Swiss 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 regulators is recommended before any financial commitment in order to reduce the risk of becoming a victim of investment fraud.
LEGAL COST FINANCE LIMITED: Investors want their money back!
Fortunately, the situation is not as hopeless as it seems. The aggrieved traders can take countermeasures and reclaim their invested capital. At the moment, it is unlikely that the investment fraudsters of LEGAL COST FINANCE LIMITED will be apprehended soon, but there is nevertheless reason to hope. Especially because the money transactions were made through accounts that were actually made available by reputable financial institutions. Their managers undoubtedly failed to check the traders' deposits, some of which were large and therefore subject to controls, and their onward transfer for illegality. This negligence made the investment fraud possible in the first place.
LEGAL COST FINANCE LIMITED: You want your money back! How does it work?
Knowing this, the traders would not have entered into a business relationship with LEGAL COST FINANCE LIMITED. Now the only way left for them is to try to recover the misappropriated capital. 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 start with good prospects of success. First, essential points should be clarified. For what purpose did the money misappropriated by LEGAL COST FINANCE LIMITED flow? Is there a realistic chance that the bruised investors will get back the money they invested with LEGAL COST FINANCE LIMITED? What precautions are advisable next? You can get the answers to these questions from a lawyer who specialises in investment fraud.
LEGAL COST FINANCE LIMITED: Who can help?
What to do in case of investment fraud? What help can victims of LEGAL COST FINANCE LIMITED hope for in the event of investment fraud? LEGAL COST FINANCE LIMITED victims can ideally find the help they need from an experienced investment fraud lawyer. He or she will be able to take care of your LEGAL COST FINANCE LIMITED case 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 is also an option, because he is also familiar with the methods of fraudulent brokers such as LEGAL COST FINANCE LIMITED.
LEGAL COST FINANCE LIMITED: Follow the money trail!
The internationally active investor protection law firm Resch Rechtsanwälte has been investigating such abuses on the unregulated capital market for more than 30 years. The approach of LEGAL COST FINANCE LIMITED is therefore nothing really new. Over the years, Resch Attorneys at Law have developed powerful and strong tools for tracking down the evaded amounts of money and tracing the money flows. In times of the internet, it is becoming more and more difficult to actually make funds disappear. The sooner traders follow the money trail, the more likely they are to have their money secured. Above all, it is important that investors who have been harmed by LEGAL COST FINANCE LIMITED react immediately.
RESCH Rechtsanwälte - Experience in investor protection since 1986
If you have been a victim of LEGAL COST FINANCE 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.
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