StakingTrades - Experiences: It's investment fraud

StakingTrades creates the impression that investors are offered ideal opportunities to make money with trading as fast as it is safe. Everything at StakingTrades is investment fraud. Everything the investor sees on his screen is fake. The money has immediately landed in the pockets of the investment scammers. Not a cent has been invested. Nothing is traded at StakingTrades. Have you had similar experiences? What can investors do who have been defrauded by StakingTrades? What help is available in case of investment fraud? How do investors get their money back from dubious providers?


StakingTrades: Unbelievable and dubious assertions on!
What must the perplexed visitors to receive? It said: "Build your investment portfolio with direct access to global financial markets on our intuitive platform. Trade a range of financial asset classes with our advanced trading tools, resources and features." He added: "Enhance your portfolio with a range of crypto assets available on our leading platform. Trade a selection of financial asset classes with our advanced trading tools, resources and features." That's just a small excerpt of the implausible assurances investors will find on StakingTrades' website. None of these full-bodied assurances from StakingTrades were delivered. But everything looked very convincing. The unsuspecting investor was hardly able to realise that nothing was genuine. He was being put through a play. Not a cent of his money was invested. Everything ended up right in the pockets of the investment scammers. There was no trading. It was all pretence, no reality. And that is why the investor does not get his money back. Sadly, the disturbing business practices rather make for disappointed investors and miserable experiences! The question is, who is behind this investment scam?


StakingTrades: Domain entry is hidden!
Of course, the investment scammers do not want to be easily tracked down. That is why the website did not have an imprint with the full details and an address of the website operators. The domain data of the website also contain no indication of who once registered the site, but only that the registration was made on 15.06.2021 with NameCheap, Inc. and that the real domain owners - quite expectedly for us - are hiding behind an Icelandic anonymisation service called Withheld for Privacy ehf based in Reykjavik.


StakingTrades: Who is behind it?
Investors will not be able to answer this question. The investment scammers disguise their identity perfectly - almost. This is normal, because they regularly operate various websites on which they offer their fraudulent business model. So who was the operator of StakingTrades? On the associated website, there was only scanty information about this. Apart from the obligatory support e-mail address, the potential investor was given a contact telephone number +353-12232697 with an Irish country code, which does not allow any conclusions about the operators of the platform. But what about the business address 14 Upper O'Connell Street Upper, Dublin, D01 WP59 in Ireland, which could also be found on the website? Is this where we find the bustling crypto empire that we imagined? Unfortunately, we have to answer this question with "no". A company called StakingTrades is not to be found there.


StakingTrades: Worldwide searches
A worldwide search for the StakingTrades in the relevant registers leads to no result. StakingTrades is a fantasy product. The same applies to the alleged operating company STG Consult PLC, which is supposedly registered in the United Kingdom. One does not find such a company in the commercial register there. And so we do not need to check further whether the alleged subsidiaries of this above-mentioned STG Consult PLC - namely the Irish STG Capital Ltd. and the Australian ST Group Ltd. which are both also named on the website - actually have something to do with each other and are really the subsidiaries. Because: If even the alleged parent company STG Consult PLC is a fantasy product and thus not trustworthy, then the alleged subsidiaries of this fraudulent fantasy product do not get us anywhere either. But with our research tools, our investigation team has managed to track down the investment fraudsters.


StakingTrades: warnings from regulators
It is not surprising that StakingTrades has already come under the scrutiny of the Federal Financial Supervisory Authority (BaFin) due to this business conduct and questionable appearance. On 25.05.2022, the BaFin issued the following warning: "Trading platform "StakingTrades": BaFin investigates STG CONSULT PLC, Dublin, Ireland - The BaFin clarifies pursuant to Section 37 (4) of the German Banking Act (KWG) that STG CONSULT PLC, operator of the trading platform "StakingTrades", offered via the website, does not have a licence pursuant to the German Banking Act (KWG) or the Securities Institutions Act (WpIG) to conduct banking business or provide financial services. The persons responsible are not supervised by BaFin. The content on the website as well as information available to BaFin justify the assumption that STG CONSULT PLC. Unauthorisedly offers banking transactions or financial services in Germany..." It is probably only a matter of time before other regulatory institutions such as the FCA of the United Kingdom or the Austrian FMA will also take notice of StakingTrades and warn of their criminal activities.

StakingTrades: Scheme of the investment fraud 
investment fraud usually follows the same pattern: investors initially put in a small sum - usually 250 euros - and are impressed by how quickly this amount multiplies, so much so that they are prepared to "invest" ever higher sums. The hassle starts every time an investor wants his money paid out, because then supposedly taxes, commissions, fees or whatever have to be paid all at once. Far too slowly, most investors realise that they have fallen for an investment scam and that there was never any intention of paying out the money again.


StakingTrades: What help is there for investment fraud? 
Many angry investors ask themselves how to proceed in the case of investment fraud, because criminal charges hardly make sense, since criminal charges are primarily for prosecution and not for recovering the money. What help is available for investment fraud and how do investors get their money back? A lawyer specialising in investment fraud knows how to follow the money trail, because as they used to say, money isn't gone, it's just somewhere else. Nowadays, you can add to that: It is complex, but with the right tools it is possible to track money digitally on a regular basis - even if it was transferred with Bitcoin via a Crypto Exchanger.


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