Wealth Sailing - Experiences: Investment scammers rip off investors

30.06.2022
Wealth Sailing pretends that investors are offered ideal conditions to make money quickly and safely through trading. Everything about Wealth Sailing is an investment scam. The money has landed straight into the pockets of the investment scammers. Nothing is traded at Wealth Sailing. Not a cent has been invested. Everything the investor sees on their screen is fake. Have you had the same experience? What can investors do who have been scammed by Wealth Sailing? How can investors get their money back from dubious providers? What help is there for investment fraud?

 

Wealth Sailing: Hide and Seek Domain Entry!
Remarkable for the business practices of the Wealth Sailing 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 you take a look at the domain data of the Wealth Sailing website, you will not find any information about the operators. However, one learns that the domain was only registered on 09.03.2022 with GoDaddy.com, LLC. The real domain owners are hiding behind the anonymisation service Domains By Proxy, LLC.

Wealth Sailing: Who is behind it?
Many investors will find it rather difficult to answer this question, as the wealth sailing 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 no information about this on the Wealth Sailing website other than a mandatory support email address. A worldwide search for Wealth Sailing in the relevant registers leads to no result. This makes it clear that this is a pure fantasy product.

Wealth Sailing: The Customer Acquisition of the Investment Fraudsters
The same approach can be found here again and again: In order to attract new customers, offers from Wealth Sailing are advertised in all possible media and channels. Again and again, the offers are false promises. In addition, they upload promotional films on Youtube or Vimeo in which interested investors are convinced with fictitious 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 often started to encourage others to advertise intensively for Wealth Sailing.

Wealth Sailing: 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 many 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?

Wealth Sailing: Repayment of the money is subject to conditions
Once in, it is usually impossible to get out. Instead, the administrators of the investment scams tie 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 department! And of course the "rescuer" also wants a small fee - in advance!

Wealth Sailing: Scheme of Investment Fraud?
There is no authorisation of the online broker Wealth Sailing. Wealth Sailing lacks the regulation 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. It is hard to overlook the fact that Wealth Sailing is a scheme of capital investment fraud. All victims of Wealth Sailing are advised to immediately consult an investment fraud lawyer.

Wealth Sailing: Where are the fraudsters active?
Unfortunately, Wealth Sailing's illegal activities are not limited to the English-speaking world. Because Wealth Sailing 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.

Wealth Sailing: Investors want their money back!
The situation is not nearly as hopeless as it seems. The aggrieved investors can take legal action against those involved in the investment fraud and reclaim the capital invested. At the moment, it is not likely that the investment fraudsters of Wealth Sailing will be apprehended in the near future, but there is nevertheless reason to hope. This is particularly the case because the funds were transacted through accounts provided by reputable financial institutions. Those responsible demonstrably failed to check the investors' deposits, some of which were large and therefore subject to controls, and their onward transfer for legality. Delays of this kind enabled the investment fraudsters to carry out their criminal activities in the first place.

Wealth Sailing: You want your money back! How does it work?
Equipped with this knowledge, no investor would have entered into business with Wealth Sailing. Now the only option left for the defrauded is to seek redress. 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, relevant questions should be clarified. Where were the funds embezzled by Wealth Sailing taken? Is there a chance that the aggrieved investors will get back the money they invested with Wealth Sailing? What steps should be taken from now on? You can get the answers to these questions from a lawyer who specialises in investment fraud.

Wealth Sailing: Who can help?
What can be done in the event of investment fraud? What help can victims of Wealth Sailing hope for in the event of investment fraud? Victims of Wealth Sailing will ideally find the help they need from an experienced investment fraud lawyer. He or she will be able to take care of your Wealth Sailing 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 Wealth Sailing.

Wealth Sailing: Follow the money!
The internationally active investor protection law firm Resch Rechtsanwälte has been pursuing such abuses on the grey capital market for more than three decades. The Wealth Sailing approach is therefore nothing really new. Over the decades, Resch Rechtsanwälte has developed an extensive range of instruments for tracking down misappropriated capital and tracing the flow of money. In times of the Internet, it is becoming increasingly complicated to make funds really disappear. The more swiftly investors follow the money trail, the greater the likelihood that they will get back their invested capital. Now it is important that the investors who were harmed by Wealth Sailing act immediately.

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