Patton Markets pretends to provide traders with ideal opportunities to make both fast and safe money while trading online. Everything at Patton Markets is investment fraud. Not a dime has been invested. Nothing is traded at Patton Markets. Everything the investor sees on their screen is fake. The money has landed right in the pockets of the investment scammers. What can investors do who have been scammed by Patton Markets? What help is there for investment fraud? How can investors get their money back?
Patton Markets: Exaggerated promises on the website www.patton-markets.com!
What do surprised visitors read on the Patton Markets website? "Patton is a global derivatives trading platform providing leveraged investment services to international investors in indices, crude oil, precious metals, and contracts for difference (CFD). Patton is committed to high quality customer service, leading platform technology, and highly competitive transaction costs to meet the diverse needs of international investors. Following the service concept of "make investment simple," we have continuously lowered the threshold for clients to participate in the global financial derivatives market and created the most ideal investment environment for clients." This is just a small excerpt of the over-the-top promises that interested parties can find on Patton Markets' website. Not one of these full-bodied assurances from Patton Markets has been delivered. Disappointingly, the shady business conduct rather makes for disappointed investors and miserable experiences!
Patton Markets: The domain entry is hidden!
Of course, the investment scammers do not want themselves to be easily tracked down. That is why the website does not have an imprint with the full details and addresses of the website operators. The domain data of the website patton-markets.com contains the indication that the registration was made on 28.01.2022 by Patton Securities International Ltd.
Patton Markets: Who is behind the investment fraud?
Investors will not be able to answer this question. The investment scammers disguise their identity perfectly - almost. This is normal because the investment scammers regularly operate various websites where they offer their fraudulent business models. And who is the operator? On the website of patton-markets.com, there is a reference to Patton Securities International Ltd, as well as Freyr Group Limited. A business address or contact details are completely missing.
The worldwide search for Patton Securities International Ltd in the relevant registers leads to a result in the British company register. This was registered there on 29.03.2021 by a Chinese. There is also an entry for Freyr Group Limited in the same company registered in Great Britain. This was registered on 07/16/2021 by a Philippine national. The connection between the two companies mentioned and Patton Markets remains to be seen in the ongoing investigations.
Patton Markets: The customer acquisition of the investment fraudsters
There is a classic scheme of investment fraud. To attract new customers, Patton Markets' recommendations are promoted in every conceivable media and channel. For example, advertisements are often placed through financial investment platforms, or even through social media. Often, these offers are false promises. Furthermore, they upload promotional videos on Youtube, in which interested investors are convinced with fictitious references. Here, celebrities report on their experiences with online trading. All lies! Everything fake! All fake! Nothing is real! With the same intention, a mostly aggressive affiliate program is launched to spur others to drum up publicity for Patton Markets.
Patton Markets: 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 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 often also 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?
Patton Markets: Repayment of the money is linked to conditions
However, an exit is then usually no longer possible, rather a repayment of the money is linked to further deposits. This is where the employees come in, claiming alleged tax debts and commission payments. These would have to be settled first, then it would come to the disbursement of the allegedly obtained profits. 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 these payments 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, but the investors are often permanently confronted with calls from other dubious providers, which indicates that the contact details of the investors are further traded among the investment scammers. In the end, the "saving angel" regularly comes forward, claiming to have uncovered the whole scam. He impresses with his insider knowledge. No wonder, since he is part of the fraudster gang. The next rip-off! And of course, the "saving angel" also wants a small fee - in advance!
Patton Markets: Scheme of investment fraud?
There is no authorization from the online broker Patton Markets. Patton Markets lacks the regulation 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, it lacks approval from the Swiss Financial Market Supervisory Authority (finma), which is responsible for Switzerland, or the Financial Market Authority (FMA) of Austria. It is hard to ignore the fact that Patton Markets is a scheme of capital investment fraud. All investors harmed by Patton Markets are advised to consult an investment fraud attorney immediately.
Patton Markets: Where do the investment fraudsters actively operate?
Unfortunately, the illegal activities of Patton Markets are not limited to the English-speaking world. Because Patton Markets addresses German-speaking investors as well, it is only a matter of time until the defrauded investors of this speaker group will come forward as well. Going through the list of regulators is recommended before any financial commitment to reduce the risk of becoming a victim of investment fraud.
Patton Markets: Investors want their money back!
The mixed situation is far better than it appears. The aggrieved investors can fight back and reclaim the money they invested. As of now, it is not likely that the Patton Markets investment fraudsters will be caught short, but there is still reason to hope. Hope because the money flowed through accounts provided by financial institutions striving for a good reputation. These banks demonstrably failed to check the deposits of the investors, some of which were high and therefore subject to controls, and to check their forwarding for illegality. These failures made investment fraud possible in the first place.
Patton Markets: They want their money back! How does it work?
Armed with this knowledge, no investor would have agreed to do business with Patton Markets. Now, the only option left to them is to try to get their money back. Many investors cannot 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 are obliged to take action against money laundering. This is where we come in if there is a good chance of success. Essential questions should be answered in advance. To which destination did the funds move by Patton Markets disappear? Is there a possibility that the bruised investors will get back their money invested at Patton Markets? What actions are mandatory next? Such questions can best be answered by an attorney specializing in investment fraud.
Patton Markets: Who can help?
What to do in case of investment fraud? What investment fraud help can Patton Markets victims hope for? Patton Markets 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 Patton Markets case both in terms of the criminal aspects of investment fraud, as well as the recovery of funds and possible claims for damages. A trading lawyer is also an option because they are also familiar with the methods used by fraudulent brokers such as Patton Markets.
Patton Markets: Follow the money!
The internationally active investor protection law firm Resch Rechtsanwälte has been investigating such abuses in the gray capital market for more than 30 years. The approach of Patton Markets is therefore nothing new. Over the decades, Resch Rechtsanwälte has developed effective equipment for tracking down misappropriated capital and tracing the flow of funds. Making funds disappear has become extremely difficult in the age of the Internet. The sooner those affected follow the trail of the money, the greater the likelihood that they will get back the capital they invested. Above all, investors harmed by Patton Markets must react promptly.
RESCH Attorneys at Law - Experience in investor protection since 1986
If you have been a victim of Patton Markets 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.