Sich Capital - Is this investment fraud?
Sich Capital pretends to offer the investor optimal opportunities to make money with trading as fast as it is safe. Everything about Sich Capital is an investment scam. Everything the investor sees on his screen is fake. Nothing is traded at Sich Capital. Not a cent is invested. The money has gone straight into the pockets of the investment scammers. What can investors who have been defrauded by Sich Capital do? What help is available in the case of investment fraud? How can investors get their money back?
Sich Capital: Hide and seek with the domain entry!
Remarkable for the business practices of the Sich Capital makers is that the website did not contain any imprint with full details of the legally responsible operators of the website. If one looks at the corresponding domain data of the website www.sichcapitalna.com, one finds no reference to the operators there and finds that the website was registered on 10.12.2021 and that the real domain owners are hiding behind the internet service providers Withheld for Privacy ehf (registrant) and NameCheap, Inc. (registrar).
Sich Capital: Who is behind it?
Many investors will find it rather difficult to answer this question, as the Sich Capital makers do everything they can to conceal the true circumstances. This is not unusual, however, as the perpetrators often operate several of these websites with the supposedly same business model and quickly put them online, but also shut them down again just as quickly. In many cases, the top-level domain is also frequently changed, possibly in order to deceive the financial supervisory and law enforcement authorities. And who is the operator? A worldwide search in the company registers reveals the company Sich Capital Ltd under company number 13464286 in the English company register. There the company Sich Capital Ltd was registered on 18.06.2021 and has the following business address PO Box 4385, 13464286: Companies House Default Address, Cardiff, CF14 8LH. The Managing Director is Guy Beresford John Denton, a British citizen born in March 2000. But that's not all, Denton is also active in the company Parkway FX Ltd. Parkway FX Ltd was registered in the English company register on 21.05.2021 under company number 13412874 and has the same address on file. What should investors make of this game of hide and seek? It is also worth taking a closer look at the business practices here, which will sound familiar to many aggrieved parties.
Sich Capital: The customer acquisition of the investment scammers
In order to acquire new clients, Sich Capital's recommendations are promoted in every conceivable media and channel. Often these offers are false promises. In addition, they upload films on Youtube or Vimeo in which interested traders are convinced with fictitious references. At the same time, an affiliate programme is often launched to encourage others to promote Sich Capital.
Sich Capital: Criminal business practices!
The same approach can be found here again and again. Investors are looking for alternative investment opportunities. And for this target group, advertisements are then placed in social media such as Facebook. Here, supposed celebrities report on their experiences with online trading and trading in cryptocurrencies. However, other internet platforms are also often misused to initiate contact. If the dating platforms are primarily known for the phenomenon of love scams, other transactions are also often initiated via them. The dating platform Tinder is perfect for this, where trust is first built up and then a switch to Whatsapp communication takes place. In the process, financial circumstances are often investigated and supposed business ideas are subsequently offered. The ladies also like to report that they themselves have become rich with Bitcoin and are only looking for the right man. And this is practised again and again. The phenomenon of identity theft is just as frequent and the perpetrators use the names of real people. 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 be helped 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 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?
Sich Capital: Repayment of the money is subject to conditions
However, an exit is then usually no longer possible; rather, repayment of the money is linked to further payments. This is where the employees come in, claiming alleged tax debts and commission payments. These would first have to be settled, then the alleged profits would be paid out. To this end, tax and commission invoices are sent to the investors, often decorated with fake coats of arms, which of course have to be paid urgently. However, it is never possible to offset them 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; investors are often permanently confronted with calls from other dubious providers, which indicates that the investors' contact details are further traded among the investment scammers. In the end, the "saviour" 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 department! And of course the "saviour" also wants a small fee - in advance!
Sich Capital: Scheme of Investment Fraud?
There is no legitimisation of the online broker Sich Capital. Sich Capital 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 frequently 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 Sich Capital is a scheme of capital investment fraud. All victims of Sich Capital are advised to consult an investment fraud lawyer without delay.
Sich Capital: Investors want their money back!
Fortunately, the circumstances are not as hopeless as they appear. The aggrieved traders can take countermeasures and reclaim the invested capital. At present, it is unlikely that the Sich Capital investment fraudsters will be apprehended in the near future, but there is nevertheless reason to hope. Hope because the money flowed through accounts that were made available by banks striving to maintain a good reputation. These banks apparently failed to check the traders' deposits, some of which were high and therefore subject to controls, and their forwarding for illegality. Omissions of this kind made the investment fraud possible in the first place.
Sich Capital: They want their money back! How does it work?
Equipped with this knowledge, no investor would have entered into business with Sich Capital. Now the only way left for the victims is to try to recover the misappropriated money. Many investors cannot even imagine that there is a real chance of ever seeing their money again. Definitely 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 we start if there is a good chance of success. For this purpose, essential questions should be clarified. Where were the funds moved to by Sich Capital? Is it possible for the traders who were defrauded to get back the money they invested with Sich Capital? What steps are due from now on? A lawyer specialised in investment fraud will be happy to answer such questions thoroughly.
Sich Capital: Who can help?
What to do in case of investment fraud? What help can victims of investment fraud at Sich Capital hope for? Sich Capital victims will ideally find the help they need from an experienced investment fraud lawyer. He will be able to take care of your case with Sich Capital both in terms of the criminal aspects of the 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 aware of the methods used by fraudulent brokers such as Sich Capital.
Sich Capital: Following the money trail!
Such abuses on the grey capital market have been pursued by the investor protection law firm Resch Rechtsanwälte for more than three decades. Accordingly, Sich Capital's conduct is nothing new. Over the decades, Resch Rechtsanwälte has developed efficient equipment for tracking down retained capital and tracing the flow of money. Making funds really disappear is becoming increasingly difficult in the age of the Internet. The quicker those affected follow the money trail, the greater the likelihood that they will get back the capital they invested. Now it is important that those who have been harmed by Sich Capital take action without delay.
RESCH Attorneys at Law - Experience in investor protection since 1986
If you have become a victim of Sich Capital 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.
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