Jet Capitals - FCA warns investors about company clone

07.03.2022
The supposed online broker Jet Capitals sells itself as a trustworthy platform for automated online trading with cryptocurrencies. However, there is growing evidence that there are serious abuses at Jet Capitals. More and more traders are coming forward talking about telephone terror, rip-offs and investment fraud at Jet Capitals. Investors have lost all their money invested with Jet Capitals. Serious doubts are being raised. Meanwhile, many Jet Capitals investors are afraid that it is an investment scam. All Jet Capitals investors are wondering if they have fallen victim to investment scammers? And what can Jet Capitals investors do if the suspicion of investment fraud is substantiated? Will Jet Capitals investors get their money back? Does it make sense to file a criminal complaint against Jet Capitals with the police? Where can I get help with investment fraud?
 

Jet Capitals: Suspicious promises on Jetcapitals.com
What are the baffled traders being served up on the Jet Capitals website? "Jet Capitals was founded in 2018 by a team of financial services industry professionals with significant experience in the Forex, CFD and equity markets in Asia, North America and Europe. We have developed the best possible technology solutions and handpicked world-class liquidity providers in the market. The fee models Jet Capitals offers and Glasswall data protection technology have made us one of the largest equity brokers in Europe in terms of active retail clients." This is just a small selection of the suspect promises that interested parties will find on Jet Capitals' website. Not a single one of these promises made by Jet Capitals has been kept. Unfortunately, the suspect business practices tend to make for unhappy investors and bad experiences!

Jet Capitals: Hide-and-seek game with the domain entry!
Remarkable for the business practices of the Jet Capitals makers is that the website does not contain an imprint. Thus, the full details of the legally responsible operators of the website are missing. If one takes a look at the domain data of the Jet Capitals website, there are no references to the operators. However, one learns that the domain was only registered on 15.01.2021 with NameCheap, Inc. The real domain owners are hiding behind the anonymisation service Withheld for Privacy ehf.

Jet Capitals: Who is behind it?
Many investors will find it rather difficult to answer this question, as the Jet Capitals makers 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 scant information on this on the Jet Capitals website. The company Lore Tech Solutions LLC with the business address First Floor, First St Vincent Bank LTD Building, James Street, Kingstown, St Vincent and the Grenadines is listed, but the makers of Jet Capitals cannot be found under this address. There is also the obligatory support e-mail address and the telephone number +442080979114.

Jet Capitals: The customer acquisition of the investment scammers
The same procedure can be found here again and again: In order to attract investors, Jet Capitals' offers are advertised in all available media and channels. In most cases, these offers are false information. To reinforce the deception, they upload promotional films on YouTube in which interested investors 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 programme is usually started to give others incentive to intensively promote Jet Capitals.

Jet Capitals: 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?

Jet Capitals: Repayment of money is conditional
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 - up front!

Jet Capitals: Scheme of investment fraud?
There is no regulation of the trading platform Jet Capitals. Jet Capitals lacks the legitimacy of a recognised European supervisory authority, such as the English Financial Conduct Authority (FCA) or the Cyprus Securities and Exchange Commission (CySec), which is frequently used by brokers. Likewise, there is no authorisation from the Swiss Financial Market Supervisory Authority (finma) or the Financial Market Authority (FMA) of Austria, which is responsible for Switzerland. It is also difficult to overlook the fact that Jet Capitals is a scheme of capital investment fraud. All investors harmed by Jet Capitals are advised to consult an investment fraud lawyer without delay.

Jet Capitals: Where are the investment fraudsters active?
Unfortunately, the illegal activities of Jet Capitals are not limited to the English-speaking world. Because Jet Capitals also addresses German-speaking investors, it is only a matter of time before the defrauded investors of this spokesperson group also come forward. A look at the list of regulators is advisable before any financial commitment in order to reduce the risk of becoming a victim of investment fraud.

Jet Capitals: Investors want their money back!
Fortunately, the constellation is not as hopeless as it seems. The aggrieved investors can defend themselves and demand their invested capital back. At the moment it is rather unlikely that the investment fraudsters of Jet Capitals will be apprehended in the near future, but nevertheless there is reason to hope. Hope because the money flowed through accounts provided by financial institutions that were concerned about good reputation. Unfortunately, the people in charge of these accounts failed to check the legality of the deposits made by investors, some of which were large and therefore subject to controls. These failures made the investment fraud possible in the first place.

Jet Capitals: They want their money back! How does it work?
Armed with this knowledge, the investors would never have entered into a business relationship with Jet Capitals. Now their only option is to try to get their invested capital back. Many investors cannot even imagine that there is any 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 do this, important points should be clarified. Where were the funds embezzled from Jet Capitals taken? Can investors somehow recover their money invested with Jet Capitals? What steps are obligatory next? You can get the answers to these questions from a lawyer specialising in investment fraud.

Jet Capitals: Who can help?
What to do in case of investment fraud? What help in the case of investment fraud can victims of Jet Capitals hope for? Victims of Jet Capitals will ideally find the help they need from an experienced investment fraud lawyer. He will be able to take care of your Jet Capitals case both in terms of the criminal aspects of the 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 Jet Capitals.

Jet Capitals: Follow the money!
Resch Rechtsanwälte, an internationally active law firm for the protection of investors, has been pursuing such abuses on the unregulated capital market for more than 30 years. From this point of view, the Jet Capitals' modus operandi is nothing new. Over the decades, Resch Attorneys at Law have developed sustainable equipment for tracking down stolen investments and tracing the money trail. In times of the internet, it has become extremely difficult to make funds disappear. The more swiftly investors follow the money trail, the greater the likelihood that they will see their invested capital again. Above all, it is important that investors who have been harmed by Jet Capitals take action without delay.

RESCH Attorneys at Law - Experience in Investor Protection since 1986
If you have been a victim of Jet Capitals 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.