Weltzins - FCA warns of cloning of operator
The purported investment adviser Weltzins is posing as a trusted provider of investment advice. However, there is a great deal of information that there are a striking number of inconsistencies at Weltzins. More and more investors report telephone terror, rip-offs and investment fraud in connection with Weltzins. Investors have lost all their money invested with Weltzins. All Weltzins investors are asking themselves whether they have become victims of investment fraudsters? And what can Weltzins investors do if the suspicion of investment fraud is substantiated? How can investors in Weltzins get their money back? Does it make sense to file a criminal complaint against Weltzins with the police? Where can I get help with investment fraud?
Weltzins: Shady promises at www.weltzins.de
What are the perplexed prospective customers being served on the Weltzins website? "Weltzins.co.uk is a brand of Flagstone Investment Management UK. Over 5 billion pounds of savings deposits have been brokered through the company's interest rate platforms to date. More than 200,000 customers trust our market-leading investment service." This is just a small part of the suspect affirmations investors find on the Weltzins website. Not one of these statements is true. Unfortunately, the business conduct only makes for disappointed investors and bitter experiences!
Weltzins: Hide-and-seek game with the domain entry!
Remarkable for the business practices of the Weltzins makers is that the imprint essentially contains false information. The true details of the legally responsible operators of the website are missing. If one takes a look at the domain data of the Weltzins website, there are no references to the operators. However, one learns that the domain Weltzins.de was not registered with DENIC until 13 March 2021. The real domain holders are hiding behind the anonymisation requirements for domains registered in the EU.
Weltzins: Who is behind it?
Many investors will find it rather difficult to answer this question, since the makers of Weltzins do everything they can to conceal the true circumstances. However, this is nothing unusual. The perpetrators usually operate several of these websites with the same fraudulent business model. These are created in advance, quickly put on the net and just as quickly shut down. The top-level domain is often changed in order to deceive the financial supervisory and law enforcement authorities. But who is the operator? There is only scanty information about this on the Weltzins website. The company Flagstone Investment Management is listed with the business address 1st Floor, Clareville House, 26-27 Oxendon Street, London, SW1Y 4EL and the domain www.flagstoneinvest.co.uk, but the makers of Weltzins cannot be found under this address, which is merely the address of the cloned company. In addition, there is the obligatory support e-mail address email@example.com and the German telephone number +49 40 23830124.
World Interest: The Investment Scam Acquisition
In order to attract new investors, the offers of Weltzins are propagated in all possible media and channels. Often the offers are false claims. In addition, they upload image films on Youtube in which interested investors are convinced with fictitious references. With the same goal, a mostly aggressive affiliate programme is started to spur others to beat the advertising drum for Weltzins.
World interest: 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. 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 they can supposedly receive help 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?
World interest: repayment of money is subject to conditions
Once in, it is usually impossible to get out. Instead, the administrators of the investment scams 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, the alleged profits are paid out. The perpetrators send investors self-made tax and commission statements, often decorated with fake coats of arms. These would have to be paid urgently. It is never possible to offset them against the alleged profits. If an investor refuses to make further deposits, supposed profits are turned into losses through senseless transactions and the client is damaged to the maximum. The horror does not end there, but investors are permanently confronted with calls from other dubious providers. This indicates that the investors' contact details are traded on among the investment fraudsters. In the end, a "saviour" regularly calls 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!
Weltzins: Scheme of investment fraud?
There is no regulation of Weltzins. Weltzins lacks authorisation from a recognised European regulator, such as the UK Financial Conduct Authority (FCA). Likewise, there is no authorisation from the Swiss Federal Financial Supervisory Authority (finma) or the Financial Market Authority (FMA) of Austria, which is responsible for Switzerland. For this, there are two warnings from the FCA. On 21.11.2020, the supervisory authority initially only warned against the operating company Flagstone Investment Management. On 31.08.2021, another warning followed, this time directly against Weltzins.de. It is hard to miss that Weltzins is a scheme of capital investment fraud. All investors harmed by Weltzins are advised to consult an investment fraud lawyer immediately.
Weltzins: Where do the investment fraudsters operate actively?
Unfortunately, the illegal activities of Weltzins are not limited to the English-speaking world. Because Weltzins also addresses German-speaking investors, it is only a matter of time before the defrauded investors of this spokesperson group also come forward. In any case, it is advisable to go through the list of supervisory authorities before making any financial commitment in order to reduce the risk of becoming a victim of investment fraud.
World interest: Investors want their money back!
The circumstances are far better than they appear. The aggrieved investors can take countermeasures and demand their invested money back. At present, it is unlikely that the investment fraudsters of Weltzins will be caught in the near future, but there is nevertheless reason to hope. Especially because the money transactions took place via accounts provided by reputable financial institutions. These undoubtedly failed to check the investors' deposits, some of which were large and therefore subject to controls, and their onward transfer for illegality. These failures made the investment fraud possible in the first place.
World interest: They want their money back! How does it work?
Equipped with this knowledge, no one would have agreed to invest with Weltzins. Now the only option left for the defrauded is to try to recover the misappropriated capital. Many investors cannot even imagine that there is a real chance of ever seeing their money again. 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 one starts with good chances of success. To this end, essential questions must be answered. Where did the money moved by Weltzins go? Is there a realistic chance that the bruised investors will get back the money they invested with Weltzins? What actions are necessary from now on? You can get the answers to these questions from a lawyer who specialises in investment fraud.
Weltzins: Who can help?
What to do in case of investment fraud? What help can victims of Weltzins hope for in the case of investment fraud? The victims of Weltzins will ideally find the help they need from an experienced investment fraud lawyer. He will be able to take care of your Weltzins 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 also comes into question, because he is also familiar with the methods of fraudulent brokers such as Weltzins.
Weltzins: Follow the money!
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. As a result, Weltzins' methods are nothing really new. Over the decades, Resch Rechtsanwälte has developed a powerful range of instruments for tracking down the money that has been taken away and tracing the flow of money. In times of the Internet, it is becoming increasingly complicated to actually make funds disappear. The sooner those affected follow the money's trail, the greater the chances that they will get back the capital they have invested. Above all, it is important that investors who have been harmed by Weltzins take action immediately.
RESCH Rechtsanwälte - Experience in investor protection since 1986
If you have been a victim of Weltzins 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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