Invest Chambers - Warning from the Italian CONSOB
13.05.2022
The apparent online broker Invest Chambers poses as a credible platform for online trading with cryptocurrencies. However, there is a lot of information that unacceptable conditions prevail at Invest Chambers. Reports from traders about Invest Chambers are piling up, talking about telephone terror, rip-offs and investment fraud. All of them have lost their money invested with Invest Chambers. More and more doubts are spreading. Meanwhile, many investors of Invest Chambers are worried that it is an investment fraud. All Invest Chambers investors are wondering if they have become victims of investment scammers? And what can Invest Chambers investors do if the suspicion of investment fraud is confirmed? How do Invest Chambers investors get their money back? Does it make sense to file a criminal complaint against Invest Chambers with the police? Where can I get help in case of investment fraud?
Invest Chambers: Dubious promises on investchambers.com!
What are the perplexed traders on www.investchambers.com led to believe? "Through world-class customer service, we aim to establish ourselves as a global brand by ensuring that our clients' profitability, success, and satisfaction are at the core of our business...As we continue to grow internationally and establish ourselves as a global brand, your profitability, success, and satisfaction as our clients remain our top priority - and always will." This is just one small example of the questionable assurances investors will find on Invest Chambers' website. Not a single one of these full-bodied promises by Invest Chambers has been kept. Unfortunately, the dubious business practices tend to make for unhappy investors and bad experiences!
Invest Chambers: Hide-and-seek game with the domain entry!
Remarkable for the business practices of the Invest Chambers makers is that the website 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 Invest Chambers website, there are no references to the operators to be found. However, one learns that the domain was already registered with NameCheap, Inc. on 26.03.2020. The real domain owners hide behind the Icelandic anonymization service Withheld for Privacy ehf.
Invest Chambers: Who is behind it?
Answering this question will be rather difficult for many investors, as the Invest Chambers 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? There is scant information about this on the Invest Chambers website. The company Chambers Investment Trading PTY LTD. with the business address Isaacs, Act 2607, Canberra, Australia is stated, but the makers of Invest Chambers cannot be found under this address. Besides it, there is still the obligatory support email address however no telephone number. The worldwide search for Invest Chambers in the relevant registers leads to no result. That clarifies that it concerns in this case a pure fantasy product.
Invest Chambers: The customer acquisition of the investment fraudsters
Here again and again the same proceeding is found: To attract new investors, the offers of Invest Chambers are advertised in all possible media and channels. Again and again, the offers are false information. Furthermore, they upload advertising films on Youtube or Vimeo, in which interested parties are convinced with false 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". At the same time, an affiliate program is often launched to give others incentive to intensively promote Invest Chambers.
Invest Chambers: 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. However, what is particularly criminal 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 increase the stakes further? But what happens next?
Invest Chambers: Repayment of the money is linked to conditions
Once in, an exit 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, senseless transactions convert alleged profits 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 - in advance!
Invest Chambers: Scheme of investment fraud?
There is no regulation of the Invest Chambers online broker. Invest Chambers lacks the legitimacy of a recognized European supervisory authority, 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 Commissione Nazionale per le Società e la Borsa (CONSOB) dated 14.10.2021. This is the Italian supervisory authority for the financial market and financial services. It is easy to see that Invest Chambers is a scheme of capital investment fraud. All investors harmed by Invest Chambers are advised to contact an investment fraud lawyer as soon as possible.
Invest Chambers: Where do the investment fraudsters actively operate?
Certainly, Invest Chambers investors are dealing with investment fraud in Germany, Switzerland, and Austria. Invest Chambers' activities were by no means limited to the DACH region. Because Invest Chambers, with the help of an implemented Google translation tool, equally addresses investors worldwide, it is only a matter of time until these defrauded parties also come forward. Going through the list of regulators is recommended before any financial engagement to reduce the risk of becoming a victim of an investment scam.
Invest Chambers: Investors want their money back!
The situation is far more promising than it seems. The aggrieved investors can take countermeasures and reclaim their invested capital. At present, it is not to be expected that the investment fraudsters of Invest Chambers are caught promptly, nevertheless, there is cause to hope. Hope, therefore, because the funds flowed over accounts, which respectable financial houses made available. Their responsible persons, unfortunately, neglected to check the partly high and therefore controllable deposits of the investors and their forwarding for illegality. These omissions made it possible for the investment fraudsters their criminal action only.
Invest Chambers: They want their money back! How does that work?
Equipped with this knowledge, prospective investors would not have entered into a business relationship with Invest Chambers. Now the only way left for the defrauded is to seek redress for the damage. Many investors cannot even imagine that there is any real chance of ever seeing their money again. Probably all of them are now asking themselves whether 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. For this purpose, relevant points must be clarified. For what purpose did the funds embezzled by Invest Chambers disappear? Is there any chance that the defrauded investors will get back their money invested with Invest Chambers? What actions are due next? Such questions can best be answered by a lawyer specializing in investment fraud.
Invest Chambers: Who can help?
What to do in case of investment fraud? What help with investment fraud can Invest Chambers victims hope for? Invest Chambers victims will ideally find the help they need from an experienced investment fraud attorney. He or she will be able to take care of your Invest Chambers 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 is also a possibility because he is also familiar with the methods of fraudulent brokers, such as Invest Chambers.
Invest Chambers: Follow the money!
Such abuses on the not regulated capital market pursue the internationally active Anlegerschutzkanzlei Resch attorneys for over three decades. The procedure of Invest Chambers is accordingly nothing new. Over the years, Resch Rechtsanwälte has developed an effective arsenal of instruments for tracking down misappropriated money and tracing the flow of funds. In the age of the Internet, it is becoming increasingly difficult to make funds disappear. The sooner investors follow the money trail, the more promising it is that they will get back their invested capital. Above all, those injured by Invest Chambers must react promptly.
RESCH Attorneys at Law - Experience in investor protection since 1986
If you have become a victim of Invest Chambers 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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