Smart Finance AG - Is this investment fraud? Experience does not give hope

The Smart Finance AG pretends that the investor is offered optimal possibilities, to earn with Trading as fast as safe money. Everything at Smart Finance AG is investment fraud. Everything that the investor sees on his screen is fake. Nothing is traded at Smart Finance AG. Not one cent has been invested. The money has landed right in the pockets of the investment scammers. Have you also had such experiences with Smart Finance AG? What can investors do who have been defrauded by Smart Finance AG? What help is available in case of investment fraud? How can investors get their money back?


Smart Finance AG: Transparent information on!
What must the perplexed prospective customers receive on "Smart Finance AG is an internationally oriented company based in Switzerland. Here we develop our vision for the market of the future and coordinate it internationally. Blockchain technology will quickly and decisively change the financial landscape. We have understood the signs of the times and are starting the change. We are programming the software for an ICO exchange (Initial Coin Offering) based on ETH distributed ledger technology to trade digital coins. CoinMarketCap lists ETH among the top ten FinTech companies in the world. We especially want to offer small and medium-sized companies the opportunity to fund their plans. The ICO exchange greatly simplifies the fundraising of digital capital. The economy of the future is in code. Our core competence lies in the implementation of new ideas." This is just one small passage of the implausible claims that interested parties can find on the Smart Finance AG website. Not one of these full-bodied assurances by Smart Finance AG has been fulfilled. Regrettably, the doubtful business practices provide rather disappointed investors and bad experiences!


Smart Finance AG: Hide-and-seek game with the domain entry!
Remarkable for the business practices of the Smart Finance AG 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 Smart Finance AG, there are no references to the operators and one finds out that the website is hosted on a server of the company Namecheap Inc. with the IP in the USA. However, the website is no longer accessible the meantime.


Smart Finance AG: Who is behind it?
Answering this question will be very difficult for many traders and investors, as the Smart Finance AG makers do everything they can to conceal the true circumstances. However, this is not unusual, since the creators often operate various of these websites with the supposedly same business model and quickly bring them online, but also shut them down again just as quickly. In many cases, the top-level domain is also frequently changed, possibly to deceive the financial supervisory and law enforcement authorities. If you search for the company Smart Finance AG, you will find a company of this name in the Commercial Register of the Canton of Thurgau under the company number CH-440.3.020.677-6. The company was already entered in the Commercial Register on 28.11.2007 and its registered office was at St. Gallerstrasse 49 in 9100 Herisau. Until 12.01.2021 Horst Bennin acted as a member of the board of directors. However, if one examines the business purpose, one finds no reference to the blockchain technology touted on the website, but instead reads, "The purpose of the company is to provide consulting and other services, primarily in the areas of business & finance, real estate, licensing, sales & marketing, and other comparable activities for domestic and foreign clients. Furthermore, the company may participate in other companies in Switzerland and abroad. It may acquire, manage and sell participation. Furthermore, the company may establish representative offices, branches, and subsidiaries in Switzerland and abroad. It may acquire, sell and manage real estate and/or rights equivalent to real estate and properties. It may trade in goods of all kinds and enter into all transactions and contracts that are suitable for promoting the purpose of the Company or that are directly or indirectly related thereto." 


Smart Finance AG: Investment fraud - Acquisition
The offers from Smart Finance AG are presented in all conceivable media and channels. Often enough, these offers are incorrect claims. To increase the effect, they upload videos on Youtube or Vimeo, in which interested investors are convinced with invented references. At the same time, a mostly aggressive affiliate program is started to spur others to intensively advertise for Smart Finance AG.


Smart Finance AG: 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 how does it continue?


Smart Finance AG: Repayment of the money is attached 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 - in advance!


Smart Finance AG: Scheme of the investment fraud?
There is no authorization from the investment advisor Smart Finance AG. Smart Finance AG lacks the legitimacy of a recognized European financial supervisory authority, such as the British 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. It is not difficult to see that Smart Finance AG is a scheme of capital investment fraud. All victims of Smart Finance AG are advised to contact an investment fraud lawyer as soon as possible.


Smart Finance AG: Where are the investment fraudsters active?
Unfortunately, the illegal activities of Smart Finance AG are not limited to English-speaking countries. Because Smart Finance AG addresses German-speaking investors as well, it is only a matter of time until the defrauded investors of this speaker group 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.


Smart Finance AG: Investors want their money back!
The situation is far more promising than it appears. The aggrieved investors can file a lawsuit against those involved in the investment fraud and reclaim the money invested. At present it is not probable that the investment fraudsters of Smart Finance AG will be caught soon, nevertheless, there is cause to hope. Hope, therefore, because the funds flowed over accounts, which respectable financial houses made available. The responsible persons neglected to examine the partly high and therefore controlling deposit of the investors and their forwarding for illegality. Such delays enabled the investment fraudsters to carry out their criminal activities in the first place.


Smart Finance AG: They want their money back! How does that work?
With this knowledge, no investor would have let himself in for investment with Smart Finance AG. Now only the way remains for the cheated ones to strive for recovery of the invested money. Many investors cannot even imagine that there is a real chance of ever seeing their money again. 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. Essential questions should be answered beforehand. What was the destination of the funds moved by Smart Finance AG? Is there a realistic chance that the bruised investors will get back the money they invested with Smart Finance AG? Which steps are obligatory now? A lawyer specializing in investment fraud will be happy to answer such questions thoroughly for you.


Smart Finance AG: Who can help?
What to do in case of investment fraud? What kind of help in case of investment fraud can the victims of Smart Finance AG hope for? The victims of Smart Finance AG will ideally find the help they need from an experienced investment fraud lawyer. He can take care of your case with Smart Finance AG 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 also comes into question, because he is also familiar with the methods of fraudulent brokers, such as those of Smart Finance AG.


Smart Finance AG: Follow the money!
Such abuses in the grey capital market pursue the internationally active Anlegerschutzkanzlei Resch attorneys for more than 30 years. The procedure of the Smart Finance AG is from it resulting nothing new. Over the years, Resch Rechtsanwälte has developed a powerful range of instruments for tracking down disappeared investments and tracing the flow of funds. Making funds disappear is becoming increasingly costly in the age of the Internet. The more expeditiously investors follow the money trail, the more likely they are to recover their invested capital. It is important now that those damaged by Smart Finance AG react without delay.


RESCH Rechtsanwälte - Experience in investor protection since 1986
If you have become a victim of Smart Finance AG 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.