Investors can buy convertible bonds cheaply through Nanofixit Holding Limited - allegedly. But it's all lies. A sophisticated investment fraud. The FMA also warns against Nanofixit. Nanofixit does not exist as a real company, at least not under the supervision of the Philippine SEC. Nanofixit cannot be found at the addresses given. And of course, there are no convertible bonds either. The money went straight into the pockets of the investment scammers. What can the investors defrauded by Nanofixit do? What sense does it make to file a criminal complaint? How do the investors deceive by Nanofixit get their money back?
Nanofixit: Exaggerated promises
What must the astonished investors read on www.nanofixit.com? "Nanofixit was established in 2015 as a manufacturer of screen protectors for electronic devices in Subic Bay Freeport Zone, Philippines...The company aims to further expand its position as a leading brand not only in electronic screen protectors but also in all types of surface and disinfection products.... In addition, we have established a global distribution network serving customers around the world...The company is continuously working with some of the best laboratories in the world to develop new innovative, world-class, high-quality products that are in high demand today...Nanofixit distributes advanced and innovative screen protectors as well as disinfectants based on nanotechnology worldwide!" These are examples of the implausible affirmations that interested parties can find on Nanofixit's website. Regrettably, the dubious business practices tend to make for disappointed investors and miserable experiences!
Nanofixit: Hide-and-seek game with the domain entry!
Remarkable for the business practices of the Nanofixit makers is that the website does not contain an imprint. Thus, the complete information about the legally responsible operators of the website is missing. If one takes a look at the domain data of the website of Nanofixit, there are no references to the operators to be found. However, one learns that the domain was registered with eNom, LLC. as recently as Dec. 22, 2014. The real domain owners are hiding behind a US anonymization service.
Nanofixit: Who is behind it?
Answering this question will be rather difficult for many investors, as the makers of Nanofixit do everything they can to conceal the true circumstances. However, this is nothing unusual. The perpetrators mostly 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? There is scant information about this on the Nanofixit website. The company NANOFIXIT INC. is listed with the three business addresses Byltax Central, 1210 Manila, Philippines as well as Unit 811A, Level 8, Liberty House, Dubai International Financial Centre, Dubai, UAE, and Überseeallee 10 in 20457 Hamburg, Germany, but the makers of Nanofixit cannot be found under these addresses. In addition, there are the obligatory support e-mail addresses and the two telephone numbers +97145489933 for the United Arab Emirates and +494085568022 for Germany.
Nanofixit: Acquisition and eavesdropping
To acquire new customers, Nanofixit's recommendations are presented in all kinds of media and channels. Often enough, these offers are misinformation. To reinforce the deception, they upload videos on Youtube or Vimeo in which prospective customers are convinced with false references. With the same intention, an affiliate program is often started to give others incentives to intensively promote Nanofixit.
Nanofixit: 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 to entice the customer to place further high stakes. In some cases, even small sums are returned to lull investors into a sense of security. Who then does not want to further increase the stakes? But what happens next?
Nanofixit: Repayment of money is subject to conditions
Once in, an exit is mostly impossible. Rather, the administrators of the investment scammers 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, 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 is 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" also wants a small fee - up front!
Nanofixit: Scheme of investment fraud?
There is no regulation of Nanofixit's investment offers. Nanofixit lacks authorization from a recognized European financial regulator, such as the UK Financial Conduct Authority (FCA) or the Cyprus Securities and Exchange Commission (CySec). Likewise, 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. There is even a warning from the latter. It is easy to see that Nanofixit is a scheme of capital investment fraud. All investors harmed by Nanofixit should be advised to contact an investment fraud attorney immediately.
Nanofixit: Where do the investment fraudsters actively operate?
Unfortunately, the illegal activities of Nanofixit were not limited to the English-speaking world. Because Nanofixit also targets investors worldwide, it is only a matter of time before these scammers come forward as well. Going through the list of regulators is advisable before making any financial commitment to reduce the risk of becoming a victim of investment fraud.
Nanofixit: Investors want their money back!
The constellation is far better than it seems. The aggrieved investors can take action against investment fraud and reclaim the invested capital. As of today, it is unlikely that the Nanofixit investment fraudsters will be apprehended shortly, but there is still reason to hope. Hope because the money flowed through accounts provided by financial institutions that we're concerned about a good reputation. They failed to check the investors' deposits, some of which were large and therefore subject to controls, and their onward transfer for illegality. Such omissions enabled the investment fraudsters to carry out their criminal activities in the first place.
Nanofixit: They want their money back!
How does it work? Equipped with this knowledge, investors would never have entered into a business relationship with Nanofixit. Now the only alternative left for the deceived is to seek compensation for damages. Many investors can't even imagine that there is any real chance of ever seeing 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 must take action against money laundering. This is where one starts with good chances of success. Before that, important points must be clarified. Where did the funds embezzled by Nanofixit end up? Are there realistic prospects that the bruised investors will get back the money they invested with Nanofixit? What actions are obligatory next? An attorney specializing in investment fraud can provide comprehensive answers to these questions.
Nanofixit: Who can help?
What to do in case of investment fraud? What help with investment fraud can Nanofixit victims hope for? Nanofixit victims will ideally find the help they need from an experienced investment fraud attorney. He or she will be able to take care of your Nanofixit 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 Nanofixit.
Nanofixit: Follow the money!
Such abuses in the grey capital market have been pursued by the internationally active investor protection law firm Resch Rechtsanwälte for over 30 years. The approach of Nanofixit is in this respect nothing new. Over the decades, Resch Rechtsanwälte has developed some sustainably strong tools for tracking down defrauded investments and tracing money flows. In the age of the Internet, it has become almost impossible to make funds truly disappear. The sooner investors track the money, the better the chances of getting their invested capital back. It is now important that investors who have been harmed by Nanofixit take immediate action.
RESCH Attorneys at Law - Experience in investor protection since 1986
If you have become a victim of Nanofixit 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.