ROFX - Experiences: It is undoubtedly investment fraud

28.06.2022
ROFX implies that the investor is provided with the very best conditions to make fast and safe money at the same time when trading online. At ROFX everything is investment fraud. Nothing is traded at ROFX. Not a cent is invested. Everything the investor sees on his screen is fake. The money has landed straight into the pockets of the investment scammers. Have you had the same experience? How do investors get their money back from dubious providers? What can investors do who have been defrauded by ROFX? What help is available in the case of investment fraud?

ROFX: Hide-and-seek game with the domain entry!
Remarkable for the business practices of the ROFX 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 ROFX website, there are no references to the operators. However, one learns that the domain was registered on 01.10.2016 with Moon Shot Domains, LLC.

ROFX: Who is behind it?
Many investors will find it rather difficult to answer this question, as the ROFX 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 only scanty information about this on the ROFX website. Although the company ROFX with the business address Tower 42, 265 Old Broad St, London, UNITED KINGDOM, ECN 1HN is given, the makers of ROFX cannot be found under this address. In addition, there is the obligatory support e-mail address and the telephone number +442039361401. A worldwide search for ROFX in the relevant registers leads to no result. This makes it clear that this is a purely imaginary product.

ROFX: The customer acquisition of the investment scammers
Here, the same approach can be found again and again: In order to attract new customers, ROFX offers are promoted in all available media and channels. Often the offers are false information. In order to increase the effectiveness, 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". With the same goal, an affiliate programme is usually started to spur others to advertise intensively for ROFX.

ROFX: 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, the 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?

ROFX: Repayment of the money will be subject to conditions
Once in, it is usually impossible to get out. Rather, the administrators of the investment scams tie a repayment of the money to further deposits. This is where employees come into play who claim 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 "rescuer" also wants a small fee - in advance!

ROFX: Scheme of investment fraud?
An authorisation of the trading platform ROFX is not available. ROFX 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 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 FCA dated 03.12.2019. It is also evident that ROFX is a scheme of capital investment fraud. All investors harmed by ROFX are advised to consult an investment fraud lawyer immediately.

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

ROFX: Investors want their money back!
The circumstances are far more promising than they seem. The aggrieved investors can take legal action against those involved in the investment fraud and reclaim the money they invested. At the moment, it is not likely that the ROFX investment fraudsters will be caught in the near future, but there is nevertheless reason to hope. The reason for this is the fact that the money transactions took place via accounts provided by reputable financial institutions. Their managers obviously neglected to check the investors' deposits, some of which were large and therefore subject to controls, and their onward transfer for legality. Such negligence enabled the investment fraudsters to carry out their criminal activities in the first place.

ROFX: They want their money back! How does that work?
Equipped with this knowledge, no one would have entered into a business relationship with ROFX. Now the only alternative left to them is to seek compensation for the loss. Many investors cannot even imagine that there is a 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 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. First of all, essential points should be clarified. Where did the money misappropriated by ROFX end up? Is there a realistic chance that the aggrieved investors will get back the money they invested with ROFX? What precautions are necessary now? You can get the answers to these questions from a lawyer who specialises in capital investment fraud.

ROFX: Who can help?
What to do in case of investment fraud? What help can victims of ROFX hope for in the event of investment fraud? Victims of ROFX will ideally find the help they need from an experienced investment fraud lawyer. He will be able to take care of your case with ROFX 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 ROFX.

ROFX: Follow the money!
The law firm Resch Rechtsanwälte has been investigating such abuses on the unregulated capital market for more than three decades. The approach of ROFX is therefore nothing new. Over the decades, Resch Rechtsanwälte has developed a powerful set of instruments for tracking down the seized capital and tracing the money trails. Making funds really disappear has become very difficult in the age of the Internet. The faster investors follow the money trail, the more promising it is that they will get their invested capital back. Now it is important that those who have been harmed by ROFX take immediate action.

RESCH Attorneys at Law - Experience in investor protection since 1986
If you have become a victim of ROFX 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.