The ostensible online broker Prime Earner Trade poses as a credible platform for online trading. However, there is increasing evidence that there are significant shortcomings at Prime Earner Trade. More and more traders are reporting telephone terror, rip-offs and investment fraud at Prime Earner Trade. All investors lost their money invested with Prime Earner Trade. Serious doubts are spreading. Meanwhile, many investors of Prime Earner Trade are afraid that it is an investment fraud. All Prime Earner Trade investors are wondering if they have become victims of investment scammers? And what can Prime Earner Trade investors do if the suspicion of investment fraud is confirmed? How do Prime Earner Trade investors get their money back? Does it make sense to file a criminal complaint against Prime Earner Trade with the police? What help is available in case of investment fraud?
Prime Earner Trade: Unsubstantiated Assurances
What do unsuspecting investors have to receive on Prime Earner Trade's website? "We consist of a team of financial market experts specially assembled to provide its clients with the best possible trading conditions...Our specialists were involved in developing the technical specifications for designing a modern platform suitable for both beginners and experienced traders." This is just a part of the questionable affirmations that curious people can find on Prime Earner Trade's website. Not one of these given assurances by Prime Earner Trade has been delivered. Regrettably, the shady business conduct rather makes for unhappy investors and miserable experiences!
Prime Earner Trade: Hide-and-seek game with the domain entry!
Remarkable for the business practices of the Prime Earner Trade makers is that the website primeearnertrade.com 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 Prime Earner Trade website, you will not find any information about the operators. However, one learns that the domain was registered with Hosting Concepts B.V. only on 07.05.2021.
Prime Earner Trade: Who is behind it?
Answering this question will be rather difficult for many investors, as the Prime Earner Trade makers do everything 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 scanty information about this on the Prime Earner Trade website. The company AAinvestment Trading Group with the business address 899 LINDEN AVENUE, ORLANDO FL 32810, United States is indicated, but the makers of Prime Earner Trade cannot be found under this address. In addition, there is the obligatory support e-mail address and the US telephone number +16315285252. The worldwide search for Prime Earner Trade in the relevant registers leads to no result. This makes it clear that this is a pure fantasy product.
Prime Earner Trade: The customer acquisition of the investment fraudsters
Here again and again the same proceeding is found: In order to win new customers the recommendations of Prime Earner Trade are presented in all possible media and channels. Often enough, these offers are false information. To strengthen the deception, they upload videos on Youtube or Vimeo, in which prospective customers are convinced with false 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 often launched to give others incentive to intensively promote Prime Earner Trade.
Prime Earner Trade: 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?
Prime Earner Trade: Repayment of the money is linked to conditions
Once in, exiting 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 - up front!
Prime Earner Trade: scheme of investment fraud?
There is no regulation of the Prime Earner Trade trading platform. Prime Earner Trade lacks authorization from a recognized European regulatory authority, such as the English Financial Conduct Authority (FCA) or the Cyprus Securities and Exchange Commission (CySec), which is frequently 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. It is hard to miss the fact that Prime Earner Trade is a scheme of capital investment fraud. All traders harmed by Prime Earner Trade are advised to contact an investment fraud attorney immediately.
Prime Earner Trade: where are the fraudsters active?
Investors are dealing with Prime Earner Trade investment fraud in Germany, Switzerland and Austria. The activities of Prime Earner Trade are by no means limited to German-speaking countries. Since Prime Earner Trade also addresses English-speaking investors, it is not surprising that those defrauded by this group of speakers also come forward. A look at the list of regulators is advisable before any financial commitment to reduce the risk of becoming a victim of investment fraud.
Prime Earner Trade: Claims for damages against banks involved.
In Germany, it is prohibited to provide financial services and investment transactions without a permit from the Federal Financial Supervisory Authority (BaFin). Transacting, supporting or facilitating transactions of this kind, even across borders into Germany, is prohibited. Persons who participate nevertheless in it are obligated to the damaged ones to payment of damages. Such investment fraud cases would probably not have been conceivable without such banks.
Prime Earner Trade: Investors want their money back!
Fortunately, the situation is better than it seems. Those affected can take legal action against those involved in the investment fraud and demand their invested money back. At the moment, it is not likely that the investment scammers of Prime Earner Trade will be seized in a timely manner, but there is still reason for hope. The reason for this is the fact that the money transactions went through accounts provided by reputable banks. Those responsible undoubtedly failed to check the investors' deposits, some of which were large and therefore subject to controls, and their onward transfer for legality. Such omissions enabled the investment fraudsters to carry out their criminal activities in the first place.
Prime Earner Trade: They want their money back! How does it work?
Armed with this knowledge, investors would never have entered into a business relationship with Prime Earner Trade. Now the only alternative left for the deceived is to seek compensation for damages. Many investors cannot even imagine that there is any real chance of ever seeing their money back. 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 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. Before this can be done, important points must be clarified. Where did the funds embezzled by Prime Earner Trade end up? Is there a realistic chance that the investors who were defrauded will get back the money they invested with Prime Earner Trade? What actions are obligatory next? An attorney specializing in investment fraud can provide comprehensive answers to these questions.
Prime Earner Trade: Who can help?
What to do in case of investment fraud? What investment fraud help can Prime Earner Trade victims hope for? Prime Earner Trade victims can ideally find the help they need from an experienced investment fraud attorney. He or she will be able to take care of your case with Prime Earner Trade 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 of fraudulent brokers, such as Prime Earner Trade.
Prime Earner Trade: Follow the money trail!
Such abuses on the unregulated capital market have been pursued by the investor protection law firm Resch Rechtsanwälte for more than three decades. In this respect, the working method of Prime Earner Trade is nothing new. Over time, Resch Rechtsanwälte has developed a strong set of tools for tracking down withheld funds and tracing money flows. Making funds truly disappear is becoming increasingly difficult in the age of the Internet. The faster investors track the money, the better their chances of recovering their invested capital. Now it is important that those injured by Prime Earner Trade react immediately.
RESCH Attorneys at Law - experience in investor protection since 1986
If you have been a victim of Prime Earner Trade 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.