Investment fraud - important information from a lawyer
The Investment fraudalso Investment fraudThis is a type of fraud in which the victim is promised a usually high-yield investment that does not actually exist. Instead, the perpetrators enrich themselves with the victim's money and keep it for themselves. Particularly widespread forms of investment fraud include the so-called Ponzi scheme and so-called boiler room scams. The number of cases of Ponzi schemes and boiler room scams has also increased in Germany, Austria and Switzerland in recent years. In 2013, 6503 cases of investment fraud were reported in Germany, and the trend is rising, according to the Federal Criminal Police Office. However, there is also a considerable number of unreported cases of investment fraud. This is because many victims believe that they will never see their money again and that it is not worth taking action against the fraudsters. However, it cannot generally be said that there is no chance of receiving a repayment/refund in cases of fraud. In some cases, it is possible to obtain refunds, even if the payments were made to dubious companies abroad.
Investment fraud - to the police or to a lawyer? Possible courses of action for aggrieved investors
Affected investors should promptly contact an experienced lawyer who can enforce their claims. Even if the police find the criminals and they are convicted, this does not automatically mean that the victims will get their money back. Rather, the injured parties must take care of enforcing their claims themselves or instruct a specialised lawyer to do so.
Both the Policeas well as the BaFin regularly publish helpful warnings and information for consumers and investors in an attempt to prevent cases of fraud and investment scams. Various international supervisory authorities and consumer protection organisations also publish warnings and warning lists on the Internet. The background to such warnings can be suspicions of manipulation and fraud, not Licensed Activity, complaints from those affected and much more.
Investment fraud - criminal liability
Investment fraud is a punishable offence pursuant to Art. § Section 264a StGB. The Criminal Code provides for a prison sentence of up to three years or a fine. In many cases, however, the penalty can also be significantly higher, as the fraudsters often also commit other offences or are repeat offenders.
Prominent cases of investment fraud in recent years include the case of "Berlin Invest" and the case of the S & K Group. In both cases, the perpetrators were arrested. Many of the perpetrators have also been convicted.
The LAWMUC Lawyers advise investors who are victims of a Investment fraud, Ponzi scheme, boiler room scams or other prohibited transactions. In many cases, the fraudsters are based abroad, so those affected should contact an internationally active lawyer with experience in the field of commercial law as soon as possible. There are numerous foreign companies that operate without a licence. Enforcing claims for damages abroad is usually somewhat more difficult than in Germany. However, even in cases where those affected have transferred money abroad, there are various ways of recovering the capital invested.
Many foreign companies use almost identical or even the same company names as reputable and well-known companies. This makes them appear more reputable to potential investors and gains their trust. Below you will find a list of numerous companies with which investors should be particularly careful. The names of the companies are published by various foreign supervisory authorities, among others, and are intended to protect investors. The companies listed do not necessarily have to be fraudulent. In some cases, the competent authorities merely call on investors to exercise particular caution.
If you are already in contact with the listed companies or have invested in them, you can contact our lawyers without obligation and receive a free initial consultation.
Warnings Companies sorted alphabetically:
A, B, C, D, E, F, G, H, I, J, K, L, M, N, O, P, Q, R, S, T, U, V, W, X, Y, Z, 0-9 ;
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