LPLCapital - Swiss finma warns against forex platform
The alleged online broker LPLCapital claims to be a reputable platform for online trading. However, there is increasing information that unacceptable conditions prevail at LPLCapital. Reports from traders about LPLCapital are piling up, in which telephone terror, rip-off and investment fraud is the speech. All have lost their capital invested with LPLCapital. Doubts are announced. Meanwhile many investors of the LPLCapital have fear that it concerns an investment fraud. All investors of the LPLCapital ask themselves whether they became victim of a investment fraud? And what can the investors of LPLCapital do if the suspicion of investment fraud is confirmed? How can LPLCapital investors get their money back? Does it make sense to file a criminal complaint against LPLCapital with the police? What help is available in the event of investment fraud?
LPLCapital: Unbelievable protestations on Lplcapital.eu!
What do the perplexed visitors read on www.LPLCapital.com? "Unlock the future of online trading...Our state-of-the-art trading platform is equipped with advanced analytical tools and is perfect for improving your trading skills and building a solid portfolio." This is just a small passage of the suspect promises that prospective investors can find on LPLCapital's website. None of these given promises by LPLCapital were kept. Unfortunately, the suspect business practices tend to make for disappointed investors and bad experiences!
LPLCapital: Hide-and-seek game with the Domain entry!
Remarkable for the business practices of the LPLCapital Macher is that the Website does not contain an imprint. Thus the complete data to the legally responsible operators of the Website are missing. If one throws a view of the Domain data of the web page of LPLCapital on, no references to the operators are to be found there. The domain was registered only on 02.03.2021 with NameCheap, Inc.
LPLCapital: Who is behind it?
To answer this question will be rather difficult for many investors, because the LPLCapital makers do everything to conceal the true circumstances. However, this is nothing unusual. The perpetrators usually operate several of these websites with the same fraudulent business model. These are created in advance, quickly put online and just as quickly shut down. The top-level domain is often changed to deceive financial regulators and law enforcement agencies. But who is the operator? On the website of LPLCapital there is only scanty information about this. Although the business address Schifflände 26, 8001 Zurich, Switzerland is given, LPLCapital cannot be found under this address. Beside it there is still the obligatory support mail address and the British telephone number +442038075956. The world-wide search for LPLCapital in the relevant registers leads to no result. That clarifies that it concerns in this case a pure fantasy product.
LPLCapital: The customer acquisition of the investment cheats
Here again and again the same proceeding finds itself: In order to win investors the recommendations of LPLCapital in all possible media and channels are recruited. Often these offers are false promises. To increase the deception, they upload videos on Youtube or Vimeo, in which interested investors are convinced with fictitious references. Here, supposed celebrities report on their experiences with online trading and cryptocurrencies, often with the erroneous reference to the TV show "Die Höhle der Löwen". In parallel, an affiliate program is often started to incite others to beat the advertising drum for LPLCapital.
LPLCapital: 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 also frequently 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?
LPLCapital: Repayment of the money is attached to conditions
Once in, an exit is mostly impossible. Rather, the administrators of the investment scammers tie a repayment of the money to further deposits. This is where employees come in, claiming alleged tax debts and commission payments. If these are settled, it would come to the disbursement of the allegedly obtained profits. The perpetrators send the investors self-made tax and commission statements, often decorated with fake coats of arms. These would have to be paid urgently. A clearing with the allegedly obtained profits, is never possible. If an investor refuses further deposits, alleged profits are converted by senseless transactions into losses and the customer maximally damaged. This is not the end of the horror, but investors are permanently confronted with calls from other dubious providers. This indicates that the contact details of the investors are further traded among the investment fraudsters. In the end, a "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!
LPLCapital: Scheme of the investment fraud?
There is no legitimization of the online broker LPLCapital. LPLCapital lacks the authorization of a recognized European supervisory authority, such as the English Financial Conduct Authority (FCA) or the Cyprus Securities and Exchange Commission (CySec), which is often used by brokers. Likewise, there is no authorization from the Swiss Financial Market Supervisory Authority (finma) or the Financial Market Authority (FMA) of Austria, which is responsible for Switzerland. There is a warning from finma dated 02.06.2021. It is also hard to overlook the fact that LPLCapital is a scheme of capital investment fraud. All investors harmed by LPLCapital are advised to immediately consult an investment fraud lawyer.
LPLCapital: Where do the investment fraudsters operate actively?
Investors have to deal with LPLCapital investment fraud in Germany, Switzerland and Austria. Unfortunately, LPLCapital's activities are not limited to German-speaking countries. Because LPLCapital likewise turns to investors in Spain, Russia, Portugal, Italy, France the Netherlands, China and the Arab countries, it is only a question of time until also the deceived ones from those parts of the world announce themselves. A look at the list of regulators is recommended before making any financial commitment to reduce the risk of becoming a victim of investment fraud.
LPLCapital: Claims for damages against participating banks
In Germany, it is prohibited to provide financial services and investment transactions without a permit from the Federal Financial Supervisory Authority (BaFin). It is prohibited to conduct, support or facilitate such transactions, even across borders into Germany. Companies and persons who nevertheless participate in such transactions are liable to pay damages to the persons concerned. Such investment fraud cases would have been hardly realizable without such banks.
LPLCapital: Investors want your money back!
The situation is far better than it seems. The damaged investors can proceed against the investment fraud and reclaim their invested money. As of today, it is not expected that the investment fraudsters of LPLCapital will be caught soon, but there is still reason for hope. The reason for this is the fact that the money transactions took place via accounts that were actually provided by reputable financial institutions. They undoubtedly failed to check the investors' deposits, some of which were large and therefore subject to controls, and their onward transfer for illegality. Such omissions made possible the investment fraudsters their criminal work only.
LPLCapital: They want their money back! How does it work?
Equipped with this knowledge, the investors would never have gotten involved in an investment with LPLCapital. Now the only option left for the defrauded is to try to get their money back. Many investors cannot even imagine that there is a real chance of ever seeing their money again. Probably all of them are now wondering if they can get 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 have a duty to take action against money laundering. This is where one starts with good chances of success. Relevant questions must be clarified beforehand. For what purpose did the funds embezzled by LPLCapital flow? Are there realistic prospects that the victims of investment fraud will get back the money they invested with LPLCapital? What precautions are needed from now on? An attorney specializing in investment fraud can provide comprehensive answers to these questions.
LPLCapital: Who can help?
What to do in case of investment fraud? What help with investment fraud can the victims of LPLCapital hope for? Victims of LPLCapital will ideally find the help they need from an experienced investment fraud attorney. He or she will be able to take care of your LPLCapital case 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 comes likewise into question, because the methods of fraudulent brokers, like LPLCapital are also known to it.
LPLCapital: The trace of the money pursue!
Such abuses on the not regulated capital market pursue the Anlegerschutzkanzlei Resch attorneys since more than 30 years. The procedure of the LPLCapital is thus nothing new. Over the decades, Resch Rechtsanwälte has developed a comprehensive set of tools for tracking down the sums of money that have been seized and tracing the flow of funds. In times of the internet it has become really difficult to make funds disappear. The sooner investors follow the money trail, the greater the chances that they will see their invested capital again. Above all, it is important that investors who have been harmed by LPLCapital take action without delay.
RESCH Rechtsanwälte - Experience in investor protection since 1986
If you have become a victim of LPLCapital 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.
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