Tragetech.com Reviews & News: Investors Can Trace Their Lost Funds (Update Released)

InvestorWarnings.com has issued a new update on the Tragetech.com case.

People who invested in the scheme can trace their funds here:

https://www.investorwarnings.com/warnings/get-expert-assistance-on-your-case/

Regulatory Warnings Against Tragetech.com
​Multiple regulatory authorities have issued warnings and taken enforcement actions against Trage Technologies Ltd, also known as Trage Tech, due to alleged fraudulent activities and securities violations.​

California Department of Financial Protection and Innovation (DFPI)
On November 4, 2024, the DFPI issued a Desist and Refrain Order against Trage Technologies Ltd, its CEO Michael "Mike" Holloway, and Global Marketing Director Simon Lee. The DFPI found that Trage Tech offered unqualified securities in the form of "Crypto Arbitrage Investment Packages," falsely claiming risk-free profits through proprietary technology called "Arbtech.

" The investigation revealed that Trage Tech operated as a pyramid and Ponzi scheme, raising at least $79 million from investors between March and October 2024. The DFPI also noted that Trage Tech falsely represented its registration status with the U.S. Securities and Exchange Commission (SEC).

Georgia Secretary of State's Office
On December 18, 2024, Georgia Secretary of State Brad Raffensperger issued an Emergency Cease and Desist Order against Trage Technologies Ltd and its affiliates, including Graeme Gary Hearn, Michael Holloway, and Eric Ture Muhammad. The order cited unregistered securities offerings and fraudulent investment schemes involving cryptocurrency trading programs.
The investigation uncovered misleading claims of high returns and misappropriation of investor assets, with over $79 million transferred to undisclosed accounts. Notably, Eric Ture Muhammad was already under a prior cease and desist order but continued promoting unregistered investment schemes, including Trage Tech.

Texas State Securities Board (TSSB)
On October 10, 2024, the TSSB issued a Securities Fraud Warning against Trage Technologies Ltd and individuals associated with the company, including Michael Holloway and promoter Eric Ture Muhammad.

The TSSB's enforcement order alleged that Trage Tech was operating a fraudulent investment scheme, misrepresenting its registration with the SEC, and failing to use investor funds for legitimate trading activities. The order highlighted that Trage Tech's claims of high returns were deceptive and that the company was not registered to sell securities in Texas.

Investor Advisory
Investors are strongly advised to exercise extreme caution when considering investments with Trage Technologies Ltd or any associated individuals. The company's operations have been linked to fraudulent schemes, unregistered securities offerings, and misappropriation of funds.

Regulatory authorities recommend verifying the registration and legitimacy of any investment platform or opportunity before committing funds. If you or someone you know has been affected by Trage Tech's activities, it is advisable to contact the relevant regulatory body or seek legal counsel.​

People who invested in the scheme can trace their funds here:

https://www.investorwarnings.com/warnings/get-expert-assistance-on-your-case/

Facts About Tragetech.com

​Trage Technologies Ltd, operating under the name TrageTech, presents itself as a pioneering financial technology company specializing in advanced trading tools and software. According to their promotional materials, TrageTech aims to enhance trading efficiency and profitability through sophisticated algorithms and high-frequency trading capabilities. ​

However, several regulatory bodies have raised significant concerns regarding TrageTech's operations:​
California Department of Financial Protection and Innovation (DFPI): In November 2024, the DFPI issued a Desist and Refrain Order against Trage Technologies Ltd, its CEO Michael Holloway, and Global Marketing Director Simon Lee. The DFPI determined that TrageTech offered unqualified securities in the form of "Crypto Arbitrage Investment Packages," falsely claiming risk-free profits through proprietary technology called "Arbtech." The investigation revealed that TrageTech operated as a pyramid and Ponzi scheme, raising at least $79 million from investors between March and October 2024. Additionally, TrageTech falsely represented its registration status with the U.S. Securities and Exchange Commission (SEC).

Georgia Secretary of State's Office: In December 2024, Georgia's Secretary of State issued an Emergency Cease and Desist Order against Trage Technologies Ltd and its affiliates, including Graeme Gary Hearn, Michael Holloway, and Eric Ture Muhammad. The order cited unregistered securities offerings and fraudulent investment schemes involving cryptocurrency trading programs. The investigation uncovered misleading claims of high returns and misappropriation of investor assets, with over $79 million transferred to undisclosed accounts. Notably, Eric Ture Muhammad was already under a prior cease and desist order but continued promoting unregistered investment schemes, including TrageTech. ​

Texas State Securities Board (TSSB): In October 2024, the TSSB issued a Securities Fraud Warning against Trage Technologies Ltd and individuals associated with the company, including Michael Holloway and promoter Eric Ture Muhammad. The TSSB's enforcement order alleged that TrageTech was operating a fraudulent investment scheme, misrepresenting its registration with the SEC, and failing to use investor funds for legitimate trading activities. The order highlighted that TrageTech's claims of high returns were deceptive and that the company was not registered to sell securities in Texas. ​
Furthermore, consumer protection platforms have issued warnings about TrageTech's website, tragetech.com, indicating a very low trust score and a strong likelihood of the site being a fraud. Users are advised to exercise extreme caution when dealing with this website.

People who invested in the scheme can trace their funds here:

https://www.investorwarnings.com/warnings/get-expert-assistance-on-your-case/

Things To Consider When Investing Online
1. Select a Reliable and Controlled Platform
Choosing a trustworthy and regulated platform is the first and most crucial step in online investing. It is crucial to confirm that the investment platform you select has a licence from a financial regulator, such as the SEC (U.S.), FCA (U.K.), ASIC (Australia), or CySEC (Europe), given the abundance of options accessible. Strict regulations on a licensed platform shield investors from financial mismanagement and fraud.
Furthermore, examining user reviews on websites such as Reddit, Trustpilot, and financial forums might reveal information about the platform's standing. To protect your money and personal data, security features like encryption, two-factor authentication (2FA), and fraud detection should also be included.
2. Recognise the Dangers of Internet Investing
Online investments are just as risky as any other type of investment. Given how quickly the prices of stocks, FX, and cryptocurrencies can change, market volatility is one of the biggest hazards. Another issue is liquidity risk, especially when it comes to assets that could be difficult to sell fast, like stocks or real estate.
Ponzi schemes, phishing attacks, and fraudulent trading platforms are just a few examples of the widespread fraud and frauds that affect online investing. If appropriate security precautions are not implemented, cybersecurity risks like hacking can potentially lead to monetary losses. It is essential to evaluate your risk tolerance and make sure you are ready for any changes in the market before investing.
3. Make Your Investment Portfolio More Diverse
A key tactic for successfully managing risk is diversification. Spreading your assets among several categories rather than concentrating all of your money in one helps reduce losses if one investment underperforms. A well-diversified portfolio could contain:
ETFs and stocks offer the possibility of long-term gain.
Fixed-income assets like bonds provide stability and reduced risk.
High-risk, high-reward digital investments are called cryptocurrencies.
Real estate: Rental properties are a source of passive income.
Gold, silver, oil, and other commodities serve as a hedge against inflation.
Diversification improves the stability of your portfolio by lessening the impact of losses from any one investment.
4. Be Aware of Investment Fraud
The rise in internet investment has led to an increase in the sophistication of fraudulent schemes. Watch out for:
Guaranteed Returns: Without risk, no reputable investment can promise returns.
High-Pressure Sales Techniques: Con artists frequently put investors under pressure to respond quickly.
Unlicensed Investment Firms: Make sure a business is registered with the appropriate financial authorities.
Ponzi and pyramid schemes are frauds that promise large profits but rely on luring new investors to cover the losses of previous ones.
An investment is most likely fraudulent if it seems too good to be true. Do extensive study before investing money.
5. Examine Fees and Unexpected Expenses
Fees associated with many online investment platforms can have a big impact on your total results. Be mindful of:
Trading fees are expenses related to the purchase or sale of stocks, cryptocurrency, or foreign exchange.
Investment funds and robo-advisors charge management fees.
Withdrawal costs: When cashing out funds, certain platforms impose costs.
Tax Requirements: Investment profits may be subject to capital gains tax.
Understanding these costs in advance helps investors calculate actual returns and avoid unexpected expenses.
6. Conduct Thorough Research Before Investing
Before investing your money, take the time to research and analyze the asset or platform. Think about:
Company or Project Fundamentals: Read financial statements, earnings reports, or cryptocurrency whitepapers.
Market Trends & Historical Performance: Past data can help predict future movements.
Expert Analysis & Financial News: Follow credible analysts and financial publications for insights.
A well-informed investor is more likely to make profitable decisions and avoid poor investments.
7. Stay Updated and Keep Learning
The financial world is constantly evolving, and staying informed is essential. To stay ahead:
Follow financial news and market trends to anticipate changes.
Engage with investor communities to learn from experienced traders.
Monitor your portfolio regularly and adjust strategies as needed.
Continue learning about new investment opportunities and risk management strategies.
By consistently improving your financial knowledge, you enhance your ability to navigate the market effectively.

Zarhin Street 13, Tel Aviv 52136

About InvestorWarnings.com

InvestorWarnings.com is a leading platform dedicated to exposing fraudulent investment schemes in the cryptocurrency, forex, and financial sectors. Its mission is to educate consumers, provide assistance to fraud victims, and prevent further financial schemes through awareness and expert guidance.

This release was published on openPR.