The pretend online broker Universal-FoxMinerOnline sells itself as a decent platform for online trading. However, there are numerous indications that there are significant shortcomings at Universal-FoxMinerOnline. More and more traders are coming forward talking about phone terror, rip-offs, and investment fraud at Universal-FoxMinerOnline. All of them have lost their money invested with Universal-FoxMinerOnline. Doubts are in the air. Meanwhile, many investors of Universal-FoxMinerOnline are worried that it is an investment scam. All Universal-FoxMinerOnline investors are wondering if they have become victims of investment scammers? And what can Universal-FoxMinerOnline investors do if the suspicion of investment fraud is confirmed? How can investors in Universal-FoxMinerOnline get their money back? Does it make sense to file a criminal complaint against Universal-FoxMinerOnline with the police? What help is available for investment fraud?
Universal-FoxMinerOnline: Unsubstantiated promises
What do astonished investors read on Universal-FoxMinerOnline's website? "Our team consists entirely of qualified individuals who have been associated with the financial industry for years and are also passionate about the young but very strong cryptocurrency market and mining technology.... They are constantly monitoring the market to bring you - our investors - even greater profits...Universal-Foxminer maintains close relationships with the most promising entrepreneurs and other leading investors in the industry, and implements an investment strategy that builds a diversified portfolio and adjusts the value of portfolio companies." This is just a small sample of the untrustworthy claims that the curious can find on Universal-FoxMinerOnline's website. Not one of these lofty promises made by Universal-FoxMinerOnline has been kept. Regrettably, the shady business practices rather make for disappointed investors and bad experiences!
Universal-FoxMinerOnline: Hide-and-seek game with the domain entry!
Remarkable for the business practices of the Universal-FoxMinerOnline makers is that the website universal-foxmineronline.com does not contain an imprint. Thus, the complete information about the legally responsible operators of the website is missing. If one takes a look at the domain data of the website of Universal-FoxMinerOnline, there are no references to the operators to be found. However, one learns that the domain was registered with NameCheap, Inc. only on 09.01.2021. The real domain owners hide behind the Icelandic anonymization service Withheld for Privacy ehf.
Universal-FoxMinerOnline: Who is behind it?
Answering this question will be rather difficult for many investors, as the Universal-FoxMinerOnline 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? On the website of Universal-FoxMinerOnline, there is only scanty information about this. The company UNIVERSAL-FOXMINER LTD. with the two business addresses 66 GREAT SUFFOLK STREET, LONDON, SE1 0BL, UNITED KINGDOM, and 1 FRONT ST W, TORONTO, ON M5J 2X6, CANADA is stated, but the creators of Universal-FoxMinerOnline cannot be found under these addresses. Besides that, there is the obligatory support email address but no phone number. The worldwide search for Universal-FoxMinerOnline in the relevant registers leads to no result. This makes it clear that this is a pure fantasy product.
Universal-FoxMinerOnline: The customer acquisition of the investment scammers
The same approach can be found here again and again: To acquire new customers, the recommendations of Universal-FoxMinerOnline are advertised in all conceivable media and channels. Often the offers are false promises. Furthermore, they upload videos on Youtube in which interested investors 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 intention, a mostly aggressive affiliate program is started to motivate others to beat the advertising drum for Universal-FoxMinerOnline.
Universal-FoxMinerOnline: 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 to entice the customer to place further high stakes. In some cases, even small sums are returned to lull investors into a sense of security. Who then does not want to further increase the stakes? But what happens next?
Universal-FoxMinerOnline: Repayment of the money is subject to conditions
Once in, getting out is mostly impossible. Rather, the administrators of the investment scammers tie the 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 is 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 too - up front!
Universal-FoxMinerOnline: Scheme of investment fraud?
There is no authorization from the online broker Universal-FoxMinerOnline. Universal-FoxMinerOnline lacks the legitimacy of a recognized European financial regulator, 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 authorization from the Swiss Financial Market Supervisory Authority (finma) or the Financial Market Authority (FMA) of Austria, which is responsible for Switzerland. For this, there is a warning from the Comisión Nacional del Mercado de Valores (CNMV) dated 04.10.2021. This is the Spanish supervisory authority for the financial market and financial services. It is not difficult to see that Universal-FoxMinerOnline is a scheme of capital investment fraud. All victims of Universal-FoxMinerOnline are advised to consult an investment fraud attorney immediately.
Universal-FoxMinerOnline: Where are the scammers active?
Unfortunately, the illegal activities of Universal-FoxMinerOnline were not limited to English-speaking countries. Because Universal-FoxMinerOnline addresses German-speaking investors as well, it is only a matter of time until the defrauded investors of this speaker group will come forward as well. A look at the list of regulators is advisable before making any financial commitment to reduce the risk of becoming a victim of investment fraud.
Universal-FoxMinerOnline: Investors want their money back!
The constellation is by no means as hopeless as it seems. Victims can take countermeasures and demand the return of their invested capital. At the moment, it is rather unlikely that the investment scammers of Universal-FoxMinerOnline will be seized soon, but there is still reason for hope. Especially because the transactions of the funds were made through accounts provided by financial institutions that cared about a good reputation. Unfortunately, these financial institutions failed to check the investors' deposits, some of which were large and therefore subject to controls, and their forwarding for legality. Such failures made investment fraud possible in the first place.
Universal-FoxMinerOnline: They want their money back! How does it work?
Knowing this, no investor would have gotten involved in business with Universal-FoxMinerOnline. Now the only option left for the deceived is to try to recover the invested money. Many investors cannot even imagine that there is any real chance of ever seeing their money again. Probably all of them are now wondering if they can get 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 must take action against money laundering. This is where one starts with good chances of success. To do this, relevant questions should be answered. Where have the funds embezzled by Universal-FoxMinerOnline been taken? Are there realistic prospects that the bruised investors will get back the money they invested with Universal-FoxMinerOnline? What precautions are due now? An attorney specializing in investment fraud will be happy to thoroughly answer such questions for you.
Universal-FoxMinerOnline: Who can help?
What to do in case of investment fraud? What help with investment fraud can victims of Universal-FoxMinerOnline hope for? Universal-FoxMinerOnline victims can ideally find the help they need from an experienced investment fraud attorney. He or she will be able to take care of your Universal-FoxMinerOnline 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 trading lawyer may also be considered because they are also aware of the methods used by fraudulent brokers, such as Universal-FoxMinerOnline.
Universal-FoxMinerOnline: Follow the money!
Such abuses in the non-regulated capital market have been pursued by the internationally active investor protection law firm Resch Rechtsanwälte for over 30 years. In this respect, the methods of Universal-FoxMinerOnline are nothing new. Over the decades, Resch Rechtsanwälte has developed an effective range of instruments for tracking down the money that has disappeared and tracing the flow of funds. Making funds disappear is becoming increasingly complicated in the age of the Internet. The sooner investors follow the money's trail, the greater the chances that they will get back the capital they have invested. Above all, investors must harm by the Universal-FoxMinerOnline act immediately.
RESCH Attorneys at Law - Experience in investor protection since 1986
If you have been a victim of Universal-FoxMinerOnline 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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