UM Capitals pretends that investors are granted excellent opportunities to make quick as well as safe money when trading Contracts for Difference (CFD) and Forex trades. However, everything at UM Capitals is investment fraud. Not a penny has been invested. Nothing is traded on umcapitals.com. Everything the investor sees on his screen serves to deceive investors. The money has landed right in the pockets of the investment scammers. Can you report similar experiences? What help is there for investment fraud? How can investors get their money back from dubious providers? What can investors do who have been defrauded by UM Capitals?
UM Capitals: Suspicious promises
What do the surprised prospective investors have to read on umcapitals.com? "When you sign up with UM Capitals, you get more than just a trading account. You get a broker partner who is as interested in your success as you are." This is just one small passage of the implausible promises that curious people find on UM Capitals' website. Not one of these full-bodied promises from UM Capitals has been kept. Unfortunately, the troubling business practices tend to make for unhappy investors and miserable experiences!
UM Capitals: Who is behind it?
It should be quite difficult for investors to answer this question, as the UM Capitals makers do everything they can to conceal the true circumstances. Admittedly, this is not out of the ordinary, as scammers usually operate several of these websites with the same fraudulent business model. They are continuously created, put online without interruption, and shut down just as quickly; moreover, the top-level domain is often changed to fool financial regulators and law enforcement agencies.
But who is running UM Capitals?
On the website umcapitals.com, there is hardly anything useful to be found. Of course, the operator UM Capitals, without legal form, is given with the business address 1 Canada Square Canary Wharf, London, E14, 5AB, United Kingdom, but the creators of UM Capitals are not to be found there, after all, it is only a dummy address. In addition, there is the e-mail address email@example.com as well as the British telephone number +44 1225417015. The domain umcapitals.com was registered on 16.09.2020 with GoDaddy.com, LLC, but an update on 18.11.2022 indicates a change of ownership.
UM, Capitals: Scheme of the investment fraud
Investment fraud notoriously follows the same pattern: investors initially put in a small amount of money - usually 250 euros - are impressed by how quickly this amount increases and are therefore willing to "invest" higher and higher sums. The worries start every time an investor wants to have his money paid out, because then supposedly taxes, commissions, fees, or whatever have to be paid all at once. Many investors are slow to realize that they have been defrauded and never intended to get their money back.
UM Capitals: What help is available for investment fraud?
Many angry investors ask themselves how to act in the case of investment fraud, because a criminal complaint hardly makes sense, since criminal complaints serve primarily the prosecution and not the recovery of the money. What help is available in investment fraud cases and how do affected investors get their money back? A lawyer specializing 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, it can be added: It is tricky, but with the right tools it is possible to track money digitally on a regular basis - even if it was deposited with Bitcoin via a Crypto Exchanger.
RESCH Rechtsanwälte GmbH - Experience in investor protection since 1986
If you have been a victim of UM Capitals 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.
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