The apparent online broker MEDE claims to be an impeccable platform for online trading. However, there is ample evidence that things are not above board at MEDE. More and more investors report telephone terror, rip-offs and investment fraud in connection with MEDE. All investors lost their money invested with MEDE. Serious doubts are spreading. In the meantime, many MEDE investors are afraid that it is a case of investment fraud. All MEDE investors are asking themselves whether they have become victims of investment fraud? And what can MEDE investors do if the suspicion of investment fraud is substantiated? Will MEDE investors get their money back? Does it make sense to file a criminal complaint against MEDE with the police? Where can I get help with investment fraud?
MEDE: False affirmations on mede.global!
What must the astonished prospective investors read on www.mede.global? "Are you looking forward to your trading career? We can provide you with a number of resources to help you get started. If you want to simplify your business, please check out MEDE's advanced tools and market analysis." That's just one small passage of the implausible promises prospective customers find on MEDE's website. Not one of these lofty promises by MEDE has been kept. Unpleasantly, the dubious business practices tend to make for unhappy investors and miserable experiences!
MEDE: Hide-and-seek game with the domain entry!
Remarkable for the business practices of the MEDE makers is that the website does not contain an imprint. Thus, complete information on the legally responsible operators of the website is missing. If one takes a look at the domain data of MEDE's website, there is no indication of the operators. However, one learns that the domain was only registered on 13.12.2021 with GoDaddy.com, LLC.
MEDE: Who is behind it?
Answering this question will be rather difficult for many investors, as the MEDE makers do everything they can 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 on the net and just as quickly shut down. The top-level domain is often changed in order to deceive the financial supervisory and law enforcement authorities. But who is the operator? There is only scant information about this on MEDE's website. Although the company MEDE Global Limited with the business address 291 Brighton Road, South Croydon, Surrey, CR2 6EQ, United Kingdom is given, the creators of MEDE cannot be found under this address. There is also the obligatory support e-mail address. A worldwide search for MEDE in the relevant registers leads to no result. This makes it clear that this is a purely imaginary product.
MEDE: The customer acquisition of the investment fraudsters
Here, the same procedure can be found again and again: In order to win customers, MEDE's offers are propagated in all conceivable media and channels. Again and again, these offers are false information. In addition, 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 a misleading reference to the TV show "Die Höhle der Löwen". In parallel, an affiliate programme is usually started to spur others to advertise intensively for MEDE.
MEDE: 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 receive help 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?
MEDE: Repayment of money is tied to conditions
Once in, it is usually impossible to get out. Instead, the administrators of the investment scams tie the repayment of the money to further deposits. This is where employees come in, claiming alleged tax debts and commission payments. If these are settled, the alleged profits are paid out. The perpetrators send investors self-made tax and commission statements, often decorated with fake coats of arms. These would have to be paid urgently. It is never possible to offset them against the alleged profits. If an investor refuses to make further deposits, supposed profits are turned into losses through senseless transactions and the client is damaged to the maximum. The horror does not end there, but investors are permanently confronted with calls from other dubious providers. This indicates that the investors' contact details are traded on among the investment fraudsters. In the end, a "saviour" 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 department! And of course the "saviour" also wants a small fee - in advance!
MEDE: Scheme of investment fraud?
There is no authorisation of the online broker MEDE. MEDE 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 often 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 also obvious that MEDE is a scheme of capital investment fraud. All victims of MEDE are advised to consult an investment fraud lawyer without delay.
MEDE: Where do the investment fraudsters operate actively?
Unfortunately, MEDE's illegal activities are not limited to English-speaking countries. Because MEDE also addresses German-speaking investors, it is only a matter of time before the defrauded investors of this spokesperson 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.
MEDE: Investors want their money back!
The constellation is by no means as hopeless as it seems. Victims can take countermeasures and demand the return of their invested capital. As of today, it is not likely that the MEDE investment fraudsters will be caught in the near future, but there is nevertheless reason to hope. The reason for this is the fact that the money transactions took place via accounts provided by reputable financial institutions. Their managers undoubtedly failed to check the investors' deposits, some of which were large and therefore subject to controls, and their onward transfer for illegality. These omissions made the investment fraud possible in the first place.
MEDE: They want their money back! How does that work?
Knowing this, the investors would never have invested with MEDE. Now their only option is to seek redress for the damage. Many investors cannot even imagine that there is a real chance of ever seeing their money again. Probably all of them are now asking themselves whether 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 offence of money laundering has been committed. Financial institutions are obliged to take action against money laundering. This is where one starts with good chances of success. First, essential questions must be clarified. Where have the funds misappropriated by MEDE disappeared to? Can investors somehow get back the money they invested with MEDE? What steps are necessary from now on? You can get the answers to these questions from a lawyer who specialises in investment fraud.
MEDE: Who can help?
What to do in case of investment fraud? What help in the case of investment fraud can victims of MEDE hope for? Victims of MEDE will ideally find the help they need from an experienced investment fraud lawyer. He will be able to take care of your MEDE 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 is also a possibility, because he is also familiar with the methods of fraudulent brokers such as MEDE.
MEDE: Follow the money!
The internationally active investor protection law firm Resch Rechtsanwälte has been pursuing abuses of this kind on the grey capital market for more than 30 years. Seen in this light, MEDE's way of working is nothing really new. Over time, Resch Rechtsanwälte has developed an effective set of tools for tracking down the evaded investments and tracing the money flows. Making funds disappear is becoming increasingly difficult in the age of the internet. The more swiftly those affected follow the money trail, the better the chances are that they will get back the capital they invested. Now it is important that investors who have been harmed by MEDE take action without delay.
RESCH Attorneys at Law - Experience in investor protection since 1986
If you have been a victim of MEDE and want to know if and how you can get your money back, call +48 30 885 9770 or fill out the questionnaire. You will receive a free assessment of your case.