The alleged online broker Stormgain claims to be a reputable platform for online trading. However, there is increasing information that there are serious abuses at Stormgain. More and more traders are reporting telephone terror, rip-offs and investment fraud at Stormgain. All investors lost their capital invested at Stormgain. Doubts are announced. Meanwhile, many investors of Stormgain are afraid that it is an investment fraud. All investors of the Stormgain ask themselves whether they became victim of a investment fraud? And what can Stormgain investors do if the suspicion of investment fraud is confirmed? How do Stormgain investors get their money back? Does it make sense to file a criminal complaint against Stormgain with the police? Where can I get help with investment fraud?
Stormgain: Baseless promises on the website www.stormgain.com!
What are the surprised prospective customers being presented with on Stormgain's website? "StormGain offers a variety of order types and trading tools, customized buy and sell signals, and the lowest fees among competitors - everything you need to take full advantage of the trading experience. StormGain combines traditional and advanced trading features with a user-friendly interface and 24-hour customer support to provide a complete solution for all your cryptocurrency trading needs." This is just a small portion of the over-the-top promises investors will find on Stormgain's website. Not one of these full-bodied assurances from Stormgain has been delivered. Disappointingly, the suspect business practices tend to make for disappointed investors and miserable experiences!
Stormgain: Mining and other experiences
It is not only the Caribbean address and American phone number that draw attention to Stormgain. After signing up, many Stormgain users also wonder how the payout works after mining and what experiences others have had with it. The answer will certainly be disappointing, because not only the mining speed is discussed in the reviews, but also the payment morale. This is said to be getting worse and worse lately.
Stormgain: Hide-and-seek game with the domain entry!
Remarkable for the business practices of the Stormgain 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 you take a look at the domain data of Stormgain's website, you will not find any information about the operators. However, one learns that the domain was registered on April 05, 2019 with Network Solutions, LLC only.
Stormgain: who is behind it?
Answering this question will be rather difficult for many investors, as the Stormgain makers do everything they can 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 scant information about this on the Stormgain website. The company STORMGAIN LLC with the business address Hinds Building, Kingstown, St. Vincent and the Grenadines is given, but the makers of Stormgain cannot be found under this address. In addition, there is the obligatory support e-mail address and the telephone number +18445847390. The worldwide search for Stormgain in the relevant registers leads to no result. This makes clear that it concerns in this case a pure fantasy product.
Stormgain: The customer acquisition of the investment fraudsters
Here the same procedure is found again and again: In order to acquire new customers the recommendations of Stormgain are presented in all only conceivable media and channels. Mostly it concerns thereby false information. Furthermore, they upload videos on Youtube or Vimeo, in which interested investors are convinced with fictitious references. Here, supposed celebrities report about their experiences with online trading and cryptocurrencies, often with the erroneous reference to the TV show "Die Höhle der Löwen". At the same time, a mostly aggressive affiliate program is started to spur others to beat the advertising drum for Stormgain.
Stormgain: 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 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?
Stormgain: repayment of the money is linked to conditions
Once in, exit 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 - in advance!
Stormgain: scheme of investment fraud?
There is no regulation of the Stormgain trading platform. Stormgain lacks regulation by a recognized European supervisory authority, such as the English Financial Conduct Authority (FCA) or the Cyprus Securities and Exchange Commission (CySec), which is often used by brokers. Likewise, there is no approval from the Swiss Financial Market Supervisory Authority (finma), which is responsible for Switzerland, or the Financial Market Authority (FMA) of Austria. For this, there is a warning from the FMA dated 11.11.2021. It is hard to overlook the fact that Stormgain is a scheme of capital investment fraud. All victims of Stormgain should be advised to contact an investment fraud attorney immediately.
Stormgain: Where are the scammers active?
Investors are dealing with Stormgain investment fraud in Germany, Switzerland and Austria. Stormgain's illegal activities are by no means limited to German-speaking countries. Because Stormgain addresses traders all over the world with a translation tool, it is only a matter of time until the defrauded come forward from everywhere.Going through the list of regulators is recommended before any financial commitment to reduce the risk of becoming a victim of investment fraud.
Stormgain: claims for damages against participating banks
In Germany, it is prohibited to provide financial services and investment transactions without a permit from the Federal Financial Supervisory Authority (BaFin). It is prohibited to conduct, support or facilitate such transactions, even across borders into Germany. Companies that nevertheless engage in such activities are obliged to pay damages to investors who have suffered losses. The investment fraud cases would hardly have been feasible without these banks.
Stormgain: Investors want your money back!
The circumstances are by far not as hopeless as it seems. The aggrieved parties can defend themselves and reclaim the invested capital. At the moment it is rather unlikely that the Stormgain investment scammers will be caught soon, but nevertheless there is reason to hope. Especially, because the transactions of the funds ran over accounts, which provided actually respectable financial houses. Unfortunately, those responsible failed to check the investors' deposits, some of which were large and therefore subject to controls, and their onward transfer for legality. Such carelessness enabled the investment fraudsters to carry out their criminal activities in the first place.
Stormgain: They want their money back! How does it work?
With this knowledge, the interested parties would never have got involved in business with Stormgain. Now the only way left for the deceived is to seek compensation for the damage. Many investors cannot even imagine that there is any real chance of ever seeing 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. Relevant questions should be clarified in advance. Where did the funds moved by Stormgain end up? Is there any chance that the victims of the investment fraudsters will get back the money they used at Stormgain? What precautions are required from now on? Such questions can best be answered by an attorney specializing in investment fraud.
Stormgain: Who can help?
What to do in case of investment fraud? What help with investment fraud can Stormgain victims hope for? Stormgain victims will ideally find the help they need from an experienced investment fraud attorney. He or she will be able to take care of your Stormgain case 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 is also a possibility, because he is also familiar with the methods of fraudulent brokers, such as Stormgain.
Stormgain: Follow the money trail!
Abuses of such kind on the unregulated capital market pursue the Anlegerschutzkanzlei Resch attorneys since over three decades. The Stormgain procedure is accordingly nothing new. Over the years, Resch Rechtsanwälte has developed an efficient range of tools for tracing the capital that has been set aside and tracking the flow of funds. In times of the Internet, it has become very difficult to make funds disappear. The faster those affected can follow the trail of the money, the greater the chances that they will get back the capital they have invested. Above all, it is important that those who have been harmed by Stormgain take action without delay.
RESCH Attorneys at Law - Experience in investor protection since 1986
If you have become a victim of Stormgain 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.