The apparent online broker SterlingGlobalMining claims to be a safe platform for online trading with Forex, CFDs and ETFs. However, there are numerous indications that unacceptable conditions prevail at SterlingGlobalMining. More and more traders are coming forward talking about telephone terror, rip-offs and investment fraud at SterlingGlobalMining. All traders lost their money invested with SterlingGlobalMining. Doubts are spreading. Meanwhile, many SterlingGlobalMining investors feel that it is an investment scam. The SterlingGlobalMining website can still be accessed. All SterlingGlobalMining investors are wondering if they have been victims of an investment scam? And what can SterlingGlobalMining investors do if the suspicion of investment fraud is substantiated? Will SterlingGlobalMining traders get their money back? Does it make sense to file a criminal complaint against SterlingGlobalMining with the police? Where can I get help with investment fraud?
SterlingGlobalMining: Dubious promises on sterlingglobalmining.com!
What must the astonished traders read on the SterlingGlobalMining website? "The site is owned by SterlingGlobalMining Ltd. a UK registered cryptocurrency investment solutions company. We give a chance to new, dynamically developing ICO projects that bring huge profits in an amazingly short time. Join us by choosing one of our plans today. Our mission as an official partner of the Bitcoin Foundation is to help you enter and better understand the world of #1 cryptocurrency trading and avoid any problems you might encounter. We're here because we're passionate about open, transparent markets and want to be a major driving force in the widespread belief that we're first and best in cryptocurrency." That's just a small part of the over-the-top promises investors will find on SterlingGlobalMining's website. Not one of these full-bodied promises by SterlingGlobalMining has been delivered. Unfortunately, the dubious business practices tend to make for disappointed investors and bad experiences!
SterlingGlobalMining: Hide and seek domain entry!
Remarkable for the business practices of the SterlingGlobalMining makers is that the website does 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 sterlingglobalmining.com, one finds no reference to the operators there and finds that the website was only registered on 02.03.2021 and that the real domain owners are hiding behind the Icelandic anonymisation service Withheld For Privacy Ehf.
SterlingGlobalMining: Who is behind it?
Many investors will find it rather difficult to answer this question, as the SterlingGlobalMining 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? The website sterlingglobalmining.com does not give any information about this. The contact details include a supposed business address at 4251 Summerhill Road in Texarkana, Texas, but SterlingGlobalMining cannot be found there. A worldwide search for SterlingGlobalMining in the relevant registers leads to no result and makes it clear that this is a purely imaginary product.
SterlingGlobalMining: The customer acquisition of the investment scammers
The same approach can be found here again and again: In order to attract traders, the offers of SterlingGlobalMining are advertised in all possible media and channels. For example, advertisements are placed in social media, such as Facebook. Often, these offers are misinformation. In addition, they upload promotional films on YouTube in which interested traders are convinced with fictitious references. Here, supposed celebrities report on their experiences with online trading and cryptocurrencies, often with a misleading reference to the TV show "Die Höhle der Löwen". With the same goal, an affiliate programme is usually launched to encourage others to promote SterlingGlobalMining.
SterlingGlobalMining: 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 many 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, investors are 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 manipulated afterwards 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 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?
SterlingGlobalMining: Repayment of the money will be 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. 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 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! And of course the "saviour" also wants a small fee - in advance!
SterlingGlobalMining: Scheme of investment fraud?
There is no legitimisation of the SterlingGlobalMining trading platform. SterlingGlobalMining lacks authorisation by a recognised European financial supervisory authority, such as the English Financial Conduct Authority (FCA)or the Cyprus Securities and Exchange Commission (CySec), which is frequently used by brokers. Similarly, 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 hard to see that SterlingGlobalMining is a scheme of capital investment fraud. All victims of SterlingGlobalMining are advised to consult an investment fraud lawyer without delay.
SterlingGlobalMining: Where are the investment scammers active?
Unfortunately, the illegal activities of SterlingGlobalMining were not limited to the English-speaking world. Because SterlingGlobalMining also addresses German-speaking investors, it is only a matter of time before the defrauded investors of this speaker group also come forward. Going through the list of regulators is recommended before any financial commitment in order to reduce the risk of becoming a victim of investment fraud.
SterlingGlobalMining: Investors want their money back!
The situation is far better than it seems. The aggrieved traders can take countermeasures and reclaim their invested capital. At the moment, it is not to be expected that the SterlingGlobalMining investment fraudsters will be caught soon, but there is nevertheless reason to hope. The reason for this is the fact that the money transactions went through accounts that were actually provided by reputable banks. Those responsible obviously failed to check the traders' deposits, some of which were large and therefore subject to controls, and their forwarding for illegality. These omissions enabled the investment fraudsters to carry out their criminal activities in the first place.
SterlingGlobalMining: You want your money back! How does it work?
Equipped with this knowledge, the traders would not have entered into an investment with SterlingGlobalMining. Now the only option left for the deceived is to try to recover the money they invested. Many investors cannot even imagine that there is any real chance of ever seeing their money back. 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 come in if there is a good chance of success. Relevant questions should be answered in advance. Where were the funds embezzled from SterlingGlobalMining taken? Can traders somehow get back the money they invested with SterlingGlobalMining? What action is required now? A lawyer specialising in investment fraud is best placed to answer such questions.
SterlingGlobalMining: Who can help?
What to do in case of investment fraud? What help can victims of SterlingGlobalMining hope for in the event of investment fraud? SterlingGlobalMining victims can ideally find the help they need from an experienced investment fraud lawyer. He or she will be able to take care of your SterlingGlobalMining case both in terms of the criminal aspects of the investment fraud, as well as the recovery of funds and possible claims for damages. A lawyer for trading is also a possibility, because he is also familiar with the methods of fraudulent brokers such as SterlingGlobalMining.
SterlingGlobalMining: Follow the money trail!
Such abuses on the grey capital market have been pursued by the internationally active investor protection law firm Resch Rechtsanwälte for more than three decades. Seen in this light, the conduct of SterlingGlobalMining is nothing really new. Over the years, Resch Rechtsanwälte has developed powerful tools for tracking down the money that has been moved and following the money trails. In times of the internet, it has become almost impossible to make funds disappear. The more expeditiously traders follow the money trail, the greater the chances that they will recover their invested capital. What matters now is that the investors who were harmed by SterlingGlobalMining take action without delay.
RESCH Rechtsanwälte - Experience in investor protection since 1986
If you have been a victim of SterlingGlobalMining 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.