NitroCapitals - Warning of the French financial regulator AMF

The alleged online broker NitroCapitals claims to be a safe platform for online trading. However, there is ample evidence that everything is far from straightforward at NitroCapitals. Reports from traders about NitroCapitals are accumulating, talking about telephone terror, rip-offs, and investment fraud. Investors have lost all their money invested with NitroCapitals. Doubts are announced. Meanwhile, many investors of NitroCapitals have the fear that it is investment fraud. All NitroCapitals investors are asking themselves whether they have fallen victim to investment fraudsters? And what can NitroCapitals investors do if the suspicion of investment fraud is substantiated? Will NitroCapitals investors get their money back? Does it make sense to file a criminal complaint against NitroCapitals with the police? Where can I get help with investment fraud?


NitroCapitals: Untrustworthy statements on!
What do dumbfounded investors read on the NitroCapitals website? "Trade with the best trading conditions on the market, the most advanced trading technology, and the support of an outstanding and passionate team of financial advisors, account managers, and customer service representatives...NitroCapitals welcomes all traders, regardless of their experience, knowledge, or available capital for trading." This is just a small sample of the exaggerated statements investors will find on NitroCapitals' website. Not a single one of these given promises by NitroCapitals has been kept. Sadly, if anything, the half-secret business practices make for disappointed investors and miserable experiences!


NitroCapitals: Hide-and-seek game with the domain entry!
Remarkable for the business practices of the NitroCapitals 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 you take a look at the domain data of the NitroCapitals website, you will not find any information about the operators. However, one learns that the domain was registered with NameCheap, Inc. only on May 24, 2021. The real domain owners hide behind the Icelandic anonymization service Withheld for Privacy ehf.


NitroCapitals: Who is behind it?
Answering this question will be rather difficult for many investors, as the NitroCapitals 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 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 NitroCapitals website. There is no company listed, only the business address YONGE STREET, TORONTO, M5B CANADA, but the makers of NitroCapitals cannot be found under this address. Besides that, there are the obligatory support email address and the four phone numbers +14382303161 for Canada, +442045489838 for England, +34930301568 for Spain, and +4961389994288 for Germany. A worldwide search for NitroCapitals in the relevant registers leads to no results. This makes clear that it concerns in this case a pure fantasy product.


NitroCapitals: The customer acquisition of the investment fraudsters
Here again and again the same proceeding is found: To acquire new customers the offers of NitroCapitals are presented in all possible media and channels. Often these recommendations are false promises. To increase the deception, they upload videos on Youtube 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". With the same intention, an affiliate program is usually launched to give others incentive to intensively promote NitroCapitals.


NitroCapitals: 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 increase the stakes further? But what happens next?


NitroCapitals: 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 - upfront!


NitroCapitals: Scheme of investment fraud?
Legitimization of the online broker NitroCapitals is not present. NitroCapitals lacks the legitimacy of a recognized European financial regulator, 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. For this, there is a warning from the Autorité des Marchés Financiers (AMF) dated 04.10.2021. This is the French supervisory authority for the financial market and financial services. It is easy to see that NitroCapitals is a scheme of capital investment fraud. All investors harmed by NitroCapitals are advised to consult an investment fraud lawyer immediately.


NitroCapitals: Where do the investment fraudsters actively operate?
The illegal activities of NitroCapitals were unfortunately not limited to the English-speaking world. Because NitroCapitals equally targets French- and Spanish-speaking investors, it is not surprising that the defrauded also come forward from these language groups. Going through the list of regulators is advisable before making any financial commitment to reduce the risk of becoming a victim of investment fraud.


NitroCapitals: Investors want their money back!
The mixed situation is far from as hopeless as it may seem. Victims can take action against investment fraud and demand the money invested back. At present it is not to be expected that the investment fraudsters of NitroCapitals will be caught soon, nevertheless, there is reason to hope. Especially because the transactions of the money ran over accounts, which provided respectable banks. Their responsible persons demonstrably failed to check the partly high and therefore controllable deposits of the investors and their forwarding for illegality. Negligence of this kind made possible the Anlagbetrügern their criminal action only.


NitroCapitals: They want their money back! How does that work?
With this knowledge, no one would have gotten involved in business with NitroCapitals. Now the only way left for the defrauded is to try to recover the invested money. 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 must take action against money laundering. This is where one starts with good chances of success. To this end, relevant questions should be answered. Where did the funds embezzled by NitroCapitals go? Is there a possibility for the bounced investors to get back their money invested with NitroCapitals? What measures are due from now on? You can get the answers to these questions from a lawyer specializing in capital investment fraud.


NitroCapitals: Who can help?
What to do in case of investment fraud? What help in the case of investment fraud can victims of NitroCapitals hope for? NitroCapitals victims will ideally find the help they need from an experienced investment fraud lawyer. He or she will be able to take care of your NitroCapitals 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 NitroCapitals.


NitroCapitals: Follow the money!
Abuses of such kind on the unregulated capital market pursue the internationally active Anlegerschutzkanzlei Resch attorneys for more than three decades. The procedure of the NitroCapitals is in this respect nothing new. Over the years, Resch Rechtsanwälte has developed a sophisticated arsenal of tools for tracking down defrauded funds and tracing money flows. In the age of the Internet, it has become almost impossible to make funds truly disappear. The more swiftly investors follow the money trail, the more promising it is that they will get back their invested capital. Now it depends on the fact that the investors damaged by NitroCapitals act without delay.


RESCH Attorneys at Law - Experience in investor protection since 1986
If you have become a victim of NitroCapitals 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.