The apparent online broker Swisscrypto.trade pretends to be a reputable platform for online trading. However, there is more and more information that Swisscrypto.trade has a lot of inconsistencies. More and more traders are reporting telephone terror, rip-offs and investment fraud at Swisscrypto.trade. All traders lost their money invested at Swisscrypto.trade. Doubts are in the air. Meanwhile, many investors of Swisscrypto.trade are worried that it is an investment scam. The website of Swisscrypto.trade can still be accessed. All Swisscrypto.trade investors are wondering if they have become victims of an investment scam? And what can the investors of Swisscrypto.trade do if the suspicion of investment fraud is substantiated? Will the traders of Swisscrypto.trade get their money back? Does it make sense to file a criminal complaint against Swisscrypto.trade with the police?
Where can I get help with investment fraud?
Swisscrypto.trade: Half-silent statements on Swisscrypto.trade!
What do surprised traders read on Swisscrypto.trade? "Our company trades exclusively in the Bit Invest market with the goal of aggressive growth. For many years, our experts worked in leading companies that traded on the Bit Invest market, but later we decided to run our own business. In 2018, we established our own personal action team and quickly became popular. An experienced team has developed a unique trading system that enables the reduction of trading and non-trading risks by diversifying multi-currency instruments for continuous profit on the Bit Invest market." This is just a small example of the exaggerated promises traders can find on Swisscrypto.trade's website. Not a single one of these given promises by Swisscrypto.trade has been kept. Sadly, the questionable business conduct rather makes for unhappy traders and bad experiences! "
Swisscrypto.trade: Hide-and-seek game with the domain entry!
Remarkable for the business practices of the Swisscrypto.trade makers is that the website does not contain any imprint with complete information about the legally responsible operators of the website. If you take a look at the corresponding domain data of the Swisscrypto.trade website, you will not find any reference to the operators there and you will find that the website was only registered on 01.07.2020 and that the real domain owners are hiding behind the anonymization service Withheld For Privacy Ehf.
Swisscrypto.trade: who is behind it?
Answering this question will be rather difficult for many investors, as the Swisscrypto.trade makers do everything they can to conceal the true circumstances. However, this is not unusual, as the perpetrators often operate various 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 also in order to deceive the financial supervisory and law enforcement authorities. And who is the operator? There is no information about this on the Swisscrypto.trade website. A presumed business address at 32 St. Georges Mews Westminster Bridge Road in London is given, but this seems to be a kind of collective address, under which a whole series of dubious companies and platforms can be found. A worldwide search for Swisscrypto.trade in the relevant registers leads to no results and makes it clear that this is a pure fantasy product.
Swisscrypto.trade: The customer acquisition of the investment fraudsters
The same procedure can be found here again and again: In order to attract new customers, the offers of Swisscrypto.trade are propagated in all available media and channels. For example, advertisements are placed in social media, such as Facebook. Not infrequently, these are false promises. To increase the effect, they upload videos on Youtube, in which interested traders are convinced with invented 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 program is usually launched to give others incentive to intensively promote Swisscrypto.trade.
Swisscrypto.trade: 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 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?
Repayment of the money is linked to conditions
However, an exit is then usually no longer possible, rather a repayment of the money is linked to further deposits. This is where the employees come in, claiming alleged tax debts and commission payments. These would have to be settled first, then it would come to the disbursement of the allegedly obtained profits. 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 these payments 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, but the investors are often permanently confronted with calls from other dubious providers, which indicates that the contact details of the investors are further traded among the investment scammers. In the end, the "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 - up front!
Swisscrypto.trade: scheme of investment fraud?
There is no authorization of the online broker Swisscrypto.trade. Swisscrypto.trade lacks the regulation of 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 Federal Financial Supervisory Authority (finma) or the Financial Market Authority (FMA) of Austria, which is responsible for Switzerland. It is hard to miss the fact that Swisscrypto.trade is a scheme of capital investment fraud. All investors harmed by Swisscrypto.trade are advised to consult an investment fraud lawyer immediately.
Swisscrypto.trade: where are the investment fraudsters actively operating?
There is no doubt that Swisscrypto.trade investors are dealing with investment fraud in Germany, Switzerland and Austria. Unfortunately, the activities of Swisscrypto.trade were not limited to the DACH region. Because Swisscrypto.trade addresses traders all over the world, it is only a matter of time until those who have been defrauded contact us from there as well. A look at the list of regulators is recommended before making any financial commitment to reduce the risk of becoming a victim of investment fraud.
Swisscrypto.trade: Claims for damages against participating banks
A permit from the Federal Financial Supervisory Authority (BaFin) is a mandatory requirement for financial services and investment transactions in Germany. Doing, supporting or enabling such business, even cross-border into Germany, is prohibited. Companies that nevertheless participate in such transactions are obliged to pay damages to those affected. Such investment fraud cases would have been unthinkable without these banks.
Swisscrypto.trade: Investors want their money back!
The situation is far better than it appears. The injured parties can take countermeasures and reclaim their invested money. As of now, it is not likely that the investment fraudsters of Swisscrypto.trade will be caught in a timely manner, but there is still reason to hope. Especially because the transactions of the funds went through accounts provided by reputable banks. These have demonstrably failed to check the traders' deposits, some of which were high and therefore subject to controls, and their forwarding for illegality. Such failures made the investment fraud possible in the first place.
Swisscrypto.trade: They want their money back! How does it work?
Equipped with this knowledge, no one would have gotten involved in an investment with Swisscrypto.trade. Now the only way left for these is to try to recover the invested capital. 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 are obliged to take action against money laundering. This is where we start with good prospects of success. First of all, relevant points should be clarified. To which destination have the funds misappropriated by Swisscrypto.trade been taken? Are there realistic prospects that the defrauded traders will get back their money invested with Swisscrypto.trade? What actions are advisable now? A lawyer specialized in investment fraud will be happy to answer such questions thoroughly.
Swisscrypto.trade: Who can help?
What to do in case of investment fraud? What help can victims of Swisscrypto.trade hope for in the case of investment fraud? Swisscrypto.trade 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 Swisscrypto.trade case both in terms of the criminal aspects of capital 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 Swisscrypto.trade.
Swisscrypto.trade: Follow the money trail!
Such abuses on the unregulated capital market pursued the Anlegerschutzkanzlei Resch attorneys for over three decades. The methods of Swisscrypto.trade are therefore nothing new. Over the years, Resch Attorneys at Law have developed an effective arsenal of tools for tracking down the money that has been moved and tracing the money flows. In times of the Internet, it is becoming increasingly difficult to make funds really disappear. The faster investors track the money, the more promising it is that they will get back their invested capital. It is important now that investors harmed by Swisscrypto.trade take immediate action.
RESCH Attorneys at Law - Experience in investor protection since 1986
If you have become a victim of Swisscrypto.trade 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.
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+ 49 30 / 88 59 77 0