openPR Logo
Press release

Fraudulent Fund Recovery Schemes Attack Online Trading Victims

01-14-2022 01:38 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: FinTelegram News

Fund recovery schemes work with fake certificates

Fund recovery schemes work with fake certificates

CyberFinance - It is a well-known fact that the permanent threat of online fraud schemes also characterizes the CyberFinance era. Especially in the online trading space, a vast fraud industry has developed over the last decade, operating mainly in the now-banned binary options, forex, CFD, and cryptocurrencies. Based on our information, we assume that more than 95% of the active online trading platforms are either operating illegally without regulatory permission and/or are straight fraud schemes in the first place.

Hundreds of thousands of victims worldwide lose hundreds of millions of dollars every year to these illegal online brokers searching for quick and easy profit, which is promised to them online and via phone calls by the boiler room agents. At the end of the day, the clients of these illegal brokers always lose their money and turn into devastated victims.

The desperate victims seek help from the numerous fund recovery providers that advertise massively on Google. Most of these providers are also fraud schemes. They promise the victims the quick recovery of their lost funds. Sometimes these fund recovery schemes work with fake certificates that are supposed to be issued by financial market supervisory authorities or banks. These fund recovery operators are impostors who pose as employees or partners of regulators and banks.

These fund recovery schemes fool victims into believing they are entitled to funds using these fake certificates. However, they argue, the victims would have to deposit money again to cover the costs of withdrawal or taxes. Only after depositing the funds could be paid out to them. The reality is that no money is ever paid out.

Stay far away from fraudulent fund recovery schemes. Please read more about the fraudulent activities of fund recovery providers on

132-134 Great Ancoats Street
Advantage Business Center
Manchester, M4 6DE
Ben Givon

Active since 2018, FinTelegram ( is a cyber financial intelligence and whistleblower platform with the mission of protecting and educating investors. FinTelegram regularly produces reports on financial service providers and issues warnings about schemes and fraudulent activities.

For more information on fund recovery schemes, please visit

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Fraudulent Fund Recovery Schemes Attack Online Trading Victims here

News-ID: 2527169 • Views: 227

More Releases from FinTelegram News

FinTelegram Exposed Vast Crypto Investment Scheme Attacking European Consumers
CyberFinance - Financial market regulators, most notably the UK FCA as well as the Spanish CNMV, have placed a strategic focus on the crypto segment in recent months. In the first weeks of 2022, dozens of warnings have already been issued against crypto trading and crypto investment schemes attacking European consumers. It is no exaggeration to say that we are in the middle of a global crypto fraud tsunami. In its
FinTelegram Warns Against Fake Crypto Review Platforms Chasing Consumers for Bro …
As a cyber financial intelligence and whistleblower platform, FinTelegram targets online fraud schemes and their facilitator. Digital marketing agencies are among essential fraud-facilitators. Scheme operators task them with chasing after victims deploying fraudulent marketing campaigns on Google and social media. Over the last couple of months, the number of warnings from financial market regulators such as the UK FCA or the Spanish CNMV against illegal crypto platforms has literally been
FinTelegram Urges German Regulator to Take Action Against Fraudulent Google Ads
CyberFinance Regulation - Google, like Meta, has been massively criticized for making a lot of money from ads placed by fraudulent scheme operators. The UK Financial Conduct Authority (FCA) issued 1,200 warnings in 2020 about fraud schemes operating on Google and social media platforms. Consequently, in August 2021, Google UK & Ireland re-regulated the advertising of financial offers, allowing only FCA-regulated firms to advertise financial services, including crypto ads. However,

All 4 Releases

More Releases for Fund

Catana Capital launches Data Intelligence Fund
- Combination of Big Data analysis and Artificial Intelligence forms basis of investment decision - Selective investment in European Large Cap stocks - Attractive risk-return profile due to management of exposure level via index futures Frankfurt am Main, 04. December. The Frankfurt based Asset Manager Catana Capital launches the Data Intelligence Fund (DE000A2H9A68), an innovative UCITS fund, that relies entirely on Big Data and Artificial Intelligence (AI). For the investment decisions, internet data on
Koyal Group Creates AIM Index Fund
Tokyo Based Equity Researcher Koyal Group will create a diversified AIM fund in order to create a safe long term investment for clients, taking advantages of numerous tax benefits. Jul. 26, 2013 - TOKYO, Japan -- Koyal Group believes that there is huge profit potential in the FTSE´s Alternative Investment Market (AIM) and will create an actively managed fund to invest into the market. The AIM is comprised of startup companies
Vertical Capital Income Fund Beats Its Benchmark
IRVINE, Calif. Oct. 11, 2012 – For the nine months ending September 28, 2012, Vertical Capital Income Fund (VCAPX) outperformed its benchmark, the Barclays U.S. Mortgage-Backed Securities (MBS) Index. The fund is a closed-end interval fund that invests in debt securities and provides limited liquidity on a quarterly basis. The fund’s performance since inception (12/31/11) surpassed the results of the Index both at net asset value, 7.70% to 2.80%, and at
BAS Closes Successfully its Second Fund Raising
Box Automation Solutions (BAS), a French company specialized in cash management audit, and treasury solutions via the SWIFT network, announces a new round of financing funded by Middle East Venture Partners (MEVP) a MENA focused venture capital firm covering the Levant and GCC countries. France, Paris, February 08, 2012 -- Box Automation Solutions (BAS), a French company specialized in cash management audit, and treasury solutions via the SWIFT network, announces a
20 000+ Hedge Fund Investor contacts Directory
Investor Directory team have invested hundreds of hours in developing of one of the most expansive and updated database of investors who currently invest in hedge funds and alternative economy. All investors has been interviewed by our team members and listed in our directory. Each contact has primary contact, contact details, investor type and geographic location. And now it is available to our customers trough our online platform on our website:
Fund targets new markets in green risks
Focus on the future: Simon Wright, Markets Management executive of Birchall McCallen Fund Management, expects to see outsized gains in the near-term production of uranium. INVESTING in the long-term potential of alternative energy sources such as solar and geothermal power is rapidly gaining popularity if capital raisings are any guide. With governments taking steps to curb corporate activity deemed environmentally unsustainable, investors such as Simon Wright are also betting on the emergence